Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

R, S and K are partners sharing profits in the ratio 4 : 3 : 2. R retires; S and K decided to share profits in future in the ratio of 5 : 3. Calculate the Gaining Ratio.

Options:

11:21

21:11

11:12

12:11

Correct Answer:

21:11

Explanation:

The correct answer is Option (2) → 21:11