Multiple Choice Questions on A B and C are equal partners in a firm B retires and the remaining partners decide to share the prof........... for Commerce 12th Preparation

Back to Main Page

Multiple Choice Questions

A B and C are equal partners in a firm B retires and the remaining partners decide to share the prof...........

    Download Solution PDF

    A, B and C are equal partners in a firm. B retires and the remaining partners decide to share the profits of the new firm in the ratio of 5 : 4. Gaining ratio will be :

    1 : 1

    Incorrect Answer

    1 : 2

    Incorrect Answer

    2 : 1

    Correct Answer

    5 : 4

    Incorrect Answer
    छोटे Courses बड़े Results
    Master
    Prepare through Micro-courses
    Try Now
    Explanation:

    - Initially, A, B, and C share profits equally. Each partner has a share of 1/3.

    - B retires, so A and C's new total share will be 2/3.

    - New profit-sharing ratio for A and C is 5:4.

    - A's new share is 5/9 and C's new share is 4/9.

    - Calculate individual gain:

    - A's gain: \(5/9 - 1/3 = 2/9\)

    - C's gain: \(4/9 - 1/3 = 1/9\)

    - Gaining ratio between A and C is therefore 2:1.

    Option:3 - 2 : 1 is the correct answer.

    By: santosh
    ProfileResources

    Let's Discuss

    Master
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free