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

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

Answer and explanation

Correct answer: 13:7

C share is 2/10 and A B get 3/20 and 1/20 in 3:1. New shares are 13/20 and 7/20 so the ratio is 13:7.

Related tags

Retirement New Ratio Specified Acquisition New Ratios Reconstitution Retirement Or Death Of A Partner Accountancy Class 12 Mcq

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