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A, B and C are partners sharing profits in the ratio of 12:14:14. On the retirement of B, the new ratio will be ______. - Accounts

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Question

A, B and C are partners sharing profits in the ratio of `1/2:1/4:1/4`. On the retirement of B, the new ratio will be ______.

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Solution

A, B and C are partners sharing profits in the ratio of `1/2:1/4:1/4`. On the retirement of B, the new ratio will be 2:1.

Explanation:

A, B and C's old ratio

= `1/2:1/4:1/4`

 A : C = `1/2:1/4`

= 2 : 1

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.129]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 4 Retirement or Death of a Partner
OBJECTIVE TYPE QUESTIONS | Q (i) | Page 4.129
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