A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retired, and new profit sharing ratio is 3 : 2. Gaining Ratio will be
A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retired, and new profit sharing ratio is 3 : 2. Gaining Ratio will be
a) 3 : 2
b) 1 : 2
c) 2 : 1
d) None of these
Anurag Pathak Changed status to publish July 2, 2023
Ans – a)
Solution:-
Old Profit sharing ratio of A, B and C 3 : 2 : 1
New Profit sharing ratio of A and B is 3 : 2
Gaining Ratio = New Profit share – Old Profit share
A = 3/5 – 3/6 = 18 – 15/30 = 3/30
B = 2/5 – 2/6 = 12 – 10/30 = 2/30
Gaining Ratio of A and B is 3 : 2
Anurag Pathak Changed status to publish July 2, 2023
