On the basis of the information given answer the question below :
Akhil, Karan and Sakshi are partners sharing profits in the ratio 5 : 3 : 2. Goodwill already appear in the books ₹60,000. Karan decided to retire from the firm. Goodwill of the firm was valued at ₹2,40,000. Existing partners decided to share profits in the ratio 3 : 2.
Gaining Ratio is calculated as:
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → New share - Old share
The gaining ratio is the ratio in which the continuing partners take over the retiring partner’s share. Each continuing partner’s gain is what he gets now less what he had before: Gain = New share − Old share.
Option (1) Old share - New share — Incorrect. Old share less new share gives the sacrifice of a partner, which is used for the sacrificing ratio.
Option (2) Old share + gaining share — Incorrect. Adding a gaining share to the old share gives the new share, not the gain.
Option (4) New share + Old share — Incorrect. Adding the new and old shares has no meaning in either ratio.
NCERT (2026-27 edition): |