Raman and Rajan were partners in a firm sharing profits or losses in the ratio of 3 : 1. With effect from 1st January, 2023, they agreed to share profits in the ratio of 2 : 1. Due to change in profit sharing ratio, Rajan’s gain or sacrifice will be
Raman and Rajan were partners in a firm sharing profits or losses in the ratio of 3 : 1. With effect from 1st January, 2023, they agreed to share profits in the ratio of 2 : 1. Due to change in profit sharing ratio, Rajan’s gain or sacrifice will be
a) Gain 1/12
b) Sacrifice 1/12
c) Gain 2/60
d) Sacrifice 3/60
Anurag Pathak Changed status to publish May 5, 2023
Ans – a)
Solution:-
Old Ratio = 3 : 1
New Ratio = 2 : 1
Rajan = 1/4 – 1/3 = 3 – 4/12 = – 1/12 (gain)
Anurag Pathak Changed status to publish May 4, 2023
