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Accountancy > Accounting for Partnership Firms > Retirement Of A Partner
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Question 1
(b) A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. C retired on 1st October, 2023. The profit of the firm for the year ended 31st March, 2024 was ₹ 6,00,000. Assuming that the profit was earned uniformly during the year, C's share of profit till the date of his retirement will be:
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