Accountancy > Accounting For Partnership Firms > Retirement Of A Partner
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(b) Varsha, Aryan and Nimit were partners in a firm sharing profits and losses in the ratio of 2:2:1. Varsha retired and surrendered 1/3rd of her share in favour of Aryan and the remaining share in favour of Nimit. The new profit sharing ratio between Aryan and Nimit will be:
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