In absence of agreement, it is presumed that new partner acquires his share in profit from the old partner in the A) old ratio B) gaining ratio C) new ratio D) sacrificing ratio Give ur answer with reason
According to partnership deed new partner will acquire his share of profit from old partners in there old p&l ratio if no info is given regarding distribution of share to new partner.
Old rati as anything is not mentioned in the deed we consider old ratio
A. Reason in partnership act 1932