Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3/8, 1/2 and 1/8. Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash. The gaining ratio of the remaining partners is-

Options:

3:1

2:1

2:3

3:4

Correct Answer:

2:1

Explanation:

The correct answer is Option (2) → 2:1

Murli’s share = 3/8.

He gives 2/3 of 3/8 to Naveen ⇒ (2/3)×(3/8)=1/4

He gives the remaining 1/3 of 3/8 to Omprakash ⇒ (1/3)×(3/8)=1/8

Gains: Naveen : Omprakash = 1/4: 1/8 = 2:1