Update

Muft Shiksha™ एक 100% Free Education Portal है 🇮🇳, जिसका उद्देश्य Class 9–12 के हर विद्यार्थी तक High-Quality Education को पूरी तरह मुफ्त पहुँचाना है। 🇮🇳 हम मानते हैं कि अच्छी शिक्षा किसी student की आर्थिक स्थिति पर निर्भर नहीं होनी चाहिए। 🇮🇳 हर विद्यार्थी को वही Quality Study Material, MCQs, Quizzes, Exam Preparation, Concept-Based Learning और Bilingual Support मिलना चाहिए, जो आमतौर पर महंगी Coaching या Premium Platforms में मिलता है। Muft Shiksha™ 🇮🇳 इसी सोच के साथ बनाया गया है

Subjects
0 reads0 ratings0 helpful

A, B and C share profits in the ratio 2:7:1. When A retires, B and C acquire A’s profit share equally. What will be the new profit-sharing ratio of B and C?

Answer and explanation

Correct answer: 8:2

A’s share is 2 parts, and it is divided equally between B and C, so each receives 1 additional part. B’s new share is 7+1=8 and C’s new share is 1+1=2. Therefore, the new ratio is 8:2, which simplifies to 4:1. Exam tip: when a retiring partner’s share is acquired equally, add half of that share to each acquiring partner’s original share.

Related tags

Partnership AccountsRetirement Of PartnerNew Profit Sharing RatioEqual GainClass 12 AccountancyNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancy

Was this question useful?

No ratings yetWrite a review / Rate this question

Student Reviews

No published reviews yet.

Add Muft Shiksha to your Home Screen

In Safari, tap Share, then Add to Home Screen.