Target Exam

CUET

Subject

Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Aman, Mann and Sonia are partners sharing profits in the ratio of 3:2:1. Mann retires and his share is taken over by remaining partners in the ratio of 2:1 respectively. What will be the New Profit Sharing ratio?

Options:

13:5

5:13

3:1

15:3

Correct Answer:

13:5

Explanation:

The correct answer is Option (1) → 

13:5