Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Ranjana, Sadhna and Kamana are partners, sharing profits in the ratio 4 : 3 : 2. Ranjana retires; Sadhna and Kamana decide to share profits in the future at the ratio of 5 : 3. Calculate the Gaining Ratio:

Options:

11 : 21

25 : 11

21 : 11

20 : 10

Correct Answer:

21 : 11

Explanation:

The correct answer is Option (3) → 21 : 11

Step 1: Old ratio (Ranjana : Sadhna : Kamana) = 4:3:2

Step 2: New ratio (Sadhna : Kamana) = 5:3

Step 3: Calculate gain of each continuing partner

Gain=New Share−Old Share

Sadhna’s Gain = 5/8−3/9 = 21/72

Kamana’s Gain =3/8 - 2/9 =11/72

Step 4: Gaining Ratio: Sadhna : Kamana = 21 : 11