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Class 12 Accountancy Reconstitution - Retirement or Death of a Partner New RatiosMedium

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A B and C share 3:5:2. C retires and his share is taken by A and B in 1:3. What will be the new ratio?

Answer and explanation

Correct answer: 7:13

C share 2/10 is divided in 1:3. A gets 1/20 and B gets 3/20 so new shares become 7/20 and 13/20.

Related tags

Acquired Share New Ratio Numerical New Ratios Reconstitution Retirement Or Death Of A Partner Accountancy Class 12 Mcq

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