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Rey and Ley Associates is having three partners named as Rakesh, Leena and Sanjana. Their Capitals were ₹ 4,00,000; ₹ 40,000 and ₹ 1,60,000 respectively. - Accounts

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Question

Rey and Ley Associates is having three partners named as Rakesh, Leena and Sanjana. Their Capitals were ₹ 4,00,000; ₹ 40,000 and ₹ 1,60,000 respectively. Sanjana retired on March 31, 2023 and sold her share of profits by taking ₹ 30 000 from Rakesh and ₹ 20,000 from Leena. Determine the new ratio.

Options

  • 1 : 1

  • 7 : 8

  • 3 : 2

  • 8 : 7

MCQ
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Solution

8 : 7

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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 23. | Page 4.193
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