Raju and Gaurav were partners in a firm sharing profits and losses in the ratio of 2 : 1. With effect from 1st January, 2023, they decided to share profits and losses equally. Individual partner’s gain or sacrifice due to change in the ratio will be
Raju and Gaurav were partners in a firm sharing profits and losses in the ratio of 2 : 1. With effect from 1st January, 2023, they decided to share profits and losses equally. Individual partner’s gain or sacrifice due to change in the ratio will be
a) Gain by Raju 1/5, Sacrifice by Gaurav 1/6
b) Sacrifice by Raju 1/6, Gain by Gaurav 1/6
c) Gain by Raju 1/2, Sacrifice by Gaurav 1/2
d) Sacrifice by Raju 1/2, Gain by Gaurav 1/2
Anurag Pathak Changed status to publish May 5, 2023
Ans – b)
Solution:-
Old Ratio = 2 : 1
New Ratio = 1 : 1
Raju = 2/3 – 1/2 = 4 – 3/6 = 1/6 (sacrifice)
Gauarv = 1/3 – 1/2 =Â 2 – 3/6 = – 1/6 (gain)
Anurag Pathak Changed status to publish May 4, 2023
