Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

A, B & C are partners in a partnership firm sharing profits in the ratio of 4:3:2. C retires from the business. A acquired 4/9 of C's share and the balance is acquired by B.

How much share of C is acquired by B?

Options:

10/81

18/81

8/81

81/18

Correct Answer:

10/81

Explanation:

C share is 2/9
A acquire 4/9th of 2/9 means 4/9*2/9= 8/81
So, B acquire= 2/9- 8/81= 10/81