Question 12 Not yet What is new profit sharing ratio answered Marked out of 100 In question The ratio in which new and the deceased partners share the future profits and losses The ratio in which new and the old partners share the future profits and losses The ratio in which new and the sacrificing partners share the future profits and losses The ratio in which retiring and the old partners share the future profits and losses A partnership is dissolved by change of mutual contract in the following cases except: Question 13 Not yet answered Marked out of 1.00 P Flag question Death of a partner Retirement of a partner, where at least two persons remain as partners Change in sacrificing ratio among partners Admission of a new partner 14 Not yet On the death of a partner, which among the following are debited to the account of the deceased partner's legal representatives Drawings and interest on drawings Share of loss on the revaluation of assets and liabilities Share of loss that has occurred till the date of his/her death. 100 a question in D 00) and (m) 0. 15 Question 15 Not yet answered Identify the correct statement regarding the retirement of a partner: Statement 1 - A partner can retire with the consent of all the partners. Marked out of 1.00 Statement 2- A partner can retire by giving notice in writing about his intention to retire to all the other partners. F Flag question Both the statements are correct Only statement is correct Only statement 2 is correct. Both the statements are incorrect On 16