A, B, and C are partners with equal profit sharing ratios. Their fixed capitals are ₹30,000, ₹25,000 and ₹30,000 respectively. C decided to take retirement. A and B decided to continue the partnership firm and change their profit sharing ratio to Capital Ratio. What is the gaining Ratio of A and B? |
6:5 1:1 7:4 3:2 |
7:4 |
The correct answer is option 3- 7:4. Old ratio between A, B, C is 1:1:1 New ratio between A & B is capital ratio means 30,000:25,000 i.e. 6:5 Gain = New share - Old share Gain of A = 6/11 - 1/3 Gain of B = 5/11 - 1/3 Gaining ratio = 7/33 :4/33 |