Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:
X, Y & Z share profit in the ratio 3:2:1. On Z's retirement, his share was taken by X & Z in the ratio 2:1. Their new ratio will be...........
Options:
2:01
11:07
3:02
7:11
Correct Answer:
11:07
Explanation:
"Z share - 1/6
X takes - 2/3 * 1/6 = 2/18
X share - 3/6 + 2/18 = 11/18
Y takes - 1/3 * 1/6 = 1/18
Y' share - 1/18 + 2/6 = 7/18
"