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P, Q, R and S were partners sharing profits in the ratio of 5 : 4 : 3 : 1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio

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Anurag Pathak27.89K 5 days ago 0 Comments

P, Q, R and S were partners sharing profits in the ratio of 5 : 4 : 3 : 1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio of Q and R.

[Ans. Gaining Ratio – 4 : 3 and New Ratio – 4 : 3.]

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Anurag Pathak27.89K Posted 5 days ago 0 Comments

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P, Q, R and S were partners sharing profits in the ratio of 5 : 4 : 3 : 1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio

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Anurag Pathak

1 Answer

Anurag Pathak

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