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

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A B and C share in 8:3:4. C retires and his share is taken by A and B in 5:3. What will be the new ratio?

Answer and explanation

Correct answer: 7:3

C share is 4/15. Dividing it in 5:3 makes A and B new shares 7/10 and 3/10 so the ratio is 7:3.

Related tags

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

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