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Srishti, Nitya and Anand were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. - Accounts

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Question

Srishti, Nitya and Anand were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Srishti retired from the firm selling her share of profits to Nitya and Anand in the ratio of 2 : 1. The new profit sharing ratio between Nitya and Anand will be ______.

Options

  • 3 : 2

  • 17 : 11

  • 2 : 1

  • 19 : 11

MCQ
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Solution

Srishti, Nitya and Anand were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Srishti retired from the firm selling her share of profits to Nitya and Anand in the ratio of 2 : 1. The new profit sharing ratio between Nitya and Anand will be 2 : 1.

Explanation:

S = `3/6`

N = `2/6`

A = `1/6`

= `3/6xx2/3=6/18`

= `3/6xx1/3=3/18`

N = `2/6+6/18=(6+6)/18=12/18`

A = `1/6+3/18=(3+3)/18=6/18`

N : A = 12 : 6

= 2 : 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 21. | Page 4.193
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