Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Naveen, Suresh and Tarun are partners sharing profits and losses in the ratio of 5:3:2. Tarun retires from the firm and his share was taken over by Naveen and suresh in the ratio 2:1. In such a case, the new share of profit will be:

Options:

11:17

19:11

11:19

11:12

Correct Answer:

19:11

Explanation:

The correct answer is option 2- 19:11.

Old ratio = 5:3:2 (Naveen, Suresh and Tarun)

Tarun retires
Gaining ratio = 2:1
Gained share of Naveen = 2/10 x 2/3
                                    = 4/30

Gained share of Suresh = 2/10 x 1/3
                                   = 2/30

New share = Old share + Gained share

New share of Naveen = 5/10 + 4/30
                                = (15+4)/30
                                 = 19/30

New share of Suresh = 3/10 + 2/30
                               = (9+2)/30
                               = 11/30

New ratio = 19/30 :11/30
               = 19:11