Read the following passage and answer the question.

In a partnership firm, A B, and C are partners sharing profits and losses in the ratio of 3:2:1. Their capitals were of ₹1,00,000, ₹2,00,000 and ₹50,000 respectively. On August 2nd, 2021, B died. A and C decided to give the share of B to his executive on 5th August. Sales and profits for the previous year were ₹5,00,000 and ₹3,00,000 respectively, whereas the sale of the firm till the date of B's death was ₹3,00,000. Goodwill of the firm was revalued at ₹2,40,000. The firm follows the financial accounting year.

What will be the new ratio of A and C, after B's death?

3:1

The correct answer is option 2- 3:1.

Unless agreed otherwise, New profit sharing ratio among remaining partners is same as their Old profit sharing ratio. So, new ratio is 3:1.