Srishti, Nitya and Anand were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Srishti retired from the firm selling her share of profits to Nitya and Anand in the ratio of 2 : 1. The new profit sharing ratio between Nitya and Anand will be
Srishti, Nitya and Anand were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Srishti retired from the firm selling her share of profits to Nitya and Anand in the ratio of 2 : 1. The new profit sharing ratio between Nitya and Anand will be
a) 3 : 2
b) 17 : 11
c) 2 : 1
d) 19 : 11
Anurag Pathak Changed status to publish July 2, 2023
Ans – c)
Solution:-
The old Profit sharing ratio of Srishti, Nitya and Anand is 3 : 2 : 1
Srishti retired
his share taken by Nitya and Anand in 2 : 1
Nitya takes 3/6 × 2/3 = 6/18 =
Anand takes 3/6 × 1/3 = 3/18
Nitya’s share in new firm = 2/6 + 6/18 = 6 + 6/18 = 12/18
Anand’s share in new firm = 1/6 + 3/18 = 3 + 3/18 = 6/18
New Profit sharing ratio 12/18 : 6/18
New Profit sharing ratio of Nitya and Anand is 2 : 1
Anurag Pathak Changed status to publish July 2, 2023
