Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

A, B and C are partners sharing profit or loss in the ratio of 4 : 3 : 2. C retires and after C's retirement A and B agreed to share profit or loss in the ratio of 4:3 in future. Their gaining ratio will be:

Options:

04:03

03:02

03:04

Equal ratio

Correct Answer:

04:03

Explanation:

Gain of A= 4/7-4/9
              = (36-28)/63 = 8/63
Gain of B = 3/7-3/9
               = (27-21)/63 = 6/63
GR= 8:6 OR 4:3