A, B and C are partners sharing profits in ratio 4 : 3 : 2. B retires, selling his share of profit to A and C for ₹ 7200 (₹. 4,000 paid by A and B 3,200 paid by C). The new profit sharing ratio of A and C would be:
A, B and C are partners sharing profits in ratio 4 : 3 : 2. B retires, selling his share of profit to A and C for ₹ 7200 (₹. 4,000 paid by A and B 3,200 paid by C). The new profit sharing ratio of A and C would be:

Profit or loss on revaluation of assets and liabilities at the time of retirement of a partner is shared by
Profit or loss on revaluation of assets and liabilities at the time of retirement of a partner is shared by

At the time of death of a partner account is prepared.
At the time of death of a partner account is prepared.

After retirement of a partner, share of remaining partner will
After retirement of a partner, share of remaining partner will

Retirement of a partner is of partnership firm.
Retirement of a partner is of partnership firm.

If there is any baiance left unpaid to the retiring / deceased partner, then interest @ will be given in the absence any provision of partnership deed.
If there is any baiance left unpaid to the retiring / deceased partner, then interest @ will be given in the absence any provision of partnership deed.

What is the full form of ERP ?
What is the full form of ERP ?