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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 7:5:3. C retires and A B acquire his share in 4:1. What will be the new ratio?

Answer and explanation

Correct answer: 47:28

C share of 3/15 is acquired in 4:1. New shares of A and B are 47/75 and 28/75 so the ratio is 47:28.

Related tags

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

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