P, Q, R and S were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. On 31st March, 2022, P retired from the firm
P, Q, R and S were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. On 31st March, 2022, P retired from the firm. P’s share was taken over by Q, R and S in the ratio of 1 : 2 : 3. Calculate the new profit sharing ratio of Q, R and S.
[Ans. New Profit Sharing Ratio 11 : 10 : 9.]
Anurag Pathak Answered question October 11, 2024
