Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

A, B and C are partners. Their capitals are Rs 1,00,000, Rs 75,000 and Rs 50,000 respectively. On C's retirement his share is acquired by A and B in the ratio of 6 : 4 Gaining ratio will be :

Options:

01:01

03:02

02:03

None of the Above

Correct Answer:

03:02

Explanation:

Gaining Ratio=6:4 or 3:2