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Anju, Divya and Bobby were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Bobby retired. - Accounts

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Question

Anju, Divya and Bobby were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Bobby retired. The new profit sharing ratio between Anju and Divya after Bobby’s retirement was 5 : 3. The gaining ratio of remaining partners will be ______.

Options

  • 3 : 2

  • 5 : 3

  • 3 : 1

  • 2 : 3

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Solution

Anju, Divya and Bobby were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Bobby retired. The new profit sharing ratio between Anju and Divya after Bobby’s retirement was 5 : 3. The gaining ratio of remaining partners will be 3 : 1.

Explanation:

Gaining Ratio = New Ratio − Old Ratio

Anju’s Gaining ratio = `5/8-3/6=(30-24)/42=6/42`

Divya’s Gaining ratio = `3/8-2/6=(18-16)/42=2/42`

Gaining Ratio = `6/42:2/42`

= 6 : 2

∴ Gaining Ratio = 3 : 1

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Chapter 4: Retirement or Death of a Partner - OBJECTIVE TYPE QUESTIONS [Page 4.193]

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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 28. | Page 4.193
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