Accountancy > Accounting For Partnership Firms > Retirement Of A Partner
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(a) Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5:4:1. Amit retired on 31st March, 2024. Vishesh and Manik acquired Amit's share in the ratio of 2:3. The new profit sharing ratio between Vishesh and Manik after Amit's retirement will be:
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