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CUET
Accountancy
Reconstitution of Partnership Firm: Retirement and Death
A, B and C are partners sharing profits in the ratio of 1/2 : 1/4 : 1/4. New ratio on the retirement of B will be :
2:4
1:2
2:1
3:2
The correct answer is option 3- 2:1.
Old ratio = 1/2 :1/4: 1/4 means 2:1:1B retires and new ratio or gaining ratio is not given so old ratio becomes new ratio. So, new ratio will be 2:1.
