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X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 3. X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y

191 viewsOctober 11, 2024DK Goel Retirement of a partner

Anurag Pathak28.60K October 11, 2024 0 Comments

X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 3. X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y. Calculate new ratio and gaining ratio.

[Ans. New Ratio 5 : 4; Gaining Ratio 8 : 7]

Anurag Pathak Answered question October 11, 2024

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Anurag Pathak28.60K Posted October 11, 2024 0 Comments

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Anurag Pathak Answered question October 11, 2024

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Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 3. X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y

1 Answer

Anurag Pathak

1 Answer

Anurag Pathak

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