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Home/Practice questions/Accountancy Part A
Accountancy Part AReconstitution of Partnership Firm: Retirement and Death

Kumar, Lakshya, Manoj and Naresh are partners sharing profits in the…

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. Calculate new profit sharing ratio of remaining partners.

Answer & explanation+

Correct answer: option 3

The correct answer is Option (3) → 19 : 11 : 20

Kumar’s share = 3/10, taken by Lakshya and Manoj in 3 : 2.

Lakshya gains 3/5 × 3/10 = 9/50; Manoj gains 2/5 × 3/10 = 6/50

Lakshya = 2/10 + 9/50 = 10/50 + 9/50 = 19/50

Manoj = 1/10 + 6/50 = 5/50 + 6/50 = 11/50

Naresh = 4/10 = 20/50 (no change)

New ratio = 19 : 11 : 20

NCERT (2026-27 edition):
Illustration

Extract from the NCERT textbook

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