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X; Y and Z are partners sharing in the ratio of 2 : 2 : 1. Y retires and his share is entirely taken by Z. Calculate the new ratio. - Accounts

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Question

X; Y and Z are partners sharing in the ratio of 2 : 2 : 1. Y retires and his share is entirely taken by Z. Calculate the new ratio.

Sum
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Solution

X; Y and Z are partners sharing in the ratio of 2 : 2 : 1

X = `2/5`

Y = `2/5`

Z = `1/5`

X's share remains = `2/5` 

Z's new share = `1/5+2/5=3/5`

∴ The new ratio of X : Z is 2 : 3.

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Chapter 4: Retirement or Death of a Partner - PRACTICAL QUESTIONS [Page 4.130]

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D. K. Goel Accountancy Volume 1 and 2 [English] Class 12 ISC
Chapter 4 Retirement or Death of a Partner
PRACTICAL QUESTIONS | Q 4. (D) | Page 4.130
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