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.
Calculate the sacrificing/gaining ratio.
Answer & explanation
Correct answer: option 3
The correct answer is option 3- 3:1 Gaining Ratio.
Old ratio = 3:2:1
New ratio after death of B = 3:1
Gained share = New share - Old share
A = 3/4 - 3/6
= (9-6)/12
= 3/12
C = 1/4 - 1/6
= (3-2)/12
= 1/12
Gaining ratio = 3/12 :1/12
= 3:1