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A, B and C are partners sharing profits in the ratio of 14:310:920. On the retirement of C, the new ratio will be ______. - Accounts

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Question

A, B and C are partners sharing profits in the ratio of `1/4:3/10:9/20`. On the retirement of C, the new ratio will be ______.

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Solution

A, B and C are partners sharing profits in the ratio of `1/4:3/10:9/20`. On the retirement of C, the new ratio will be 5:6.

Explanation:

A, B and C are partners sharing profits in the ratio of

`1/4:3/10:9/20`

New ratio A : B = `1/4:3/10`

= 5 : 6

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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 (ii) | Page 4.129
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