Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Shilpa, Priya and Kusum were partners sharing profits and losses in the ratio of 4:3:1. Priya retires and gives her share of the profit to Shilpa for 3,600 and Kusum for 3,000. What will be the gaining ratio of Shilpa and Kusum?

Options:

4:5

2:1

6:5

4:1

Correct Answer:

6:5

Explanation:

The correct answer is option 3- 6:5.

Priya retires and gives her share of the profit to Shilpa for 3,600 and Kusum for 3,000. It means gain of other partner is 3,600 and 3,000.

So, Gaining ratio = 3,600:3,000
                         = 6:5