Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Kumar, Lakshya, Manoj and Naresh are partners sharing profits in the ratio of 3 : 2 : 1 : 4. Kumar retires and his share is acquired by Lakshya and Manoj in the ratio of 3 : 2. The gaining ratio of the remaining partners is ......?

Options:

3 : 2 : 1

3 : 2 : 0

2 : 3 : 0

3 : 4 : 1

Correct Answer:

3 : 2 : 0

Explanation:

The correct answer is Option (2) → 3 : 2 : 0

Partners — Kumar, Lakshya, Manoj, Naresh
Old Ratio = 3 : 2 : 1 : 4
Total = 10 shares

Kumar retires → his share = 3/10

Lakshya and Manoj acquire Kumar’s share in the ratio 3 : 2.

Since Naresh did not acquire any part of Kumar's share, his gain is zero.

Gaining Ratio (Lakshya : Manoj : Naresh)=3 : 2 : 0