HomeTestsSearchRankProfile
hardMCQCUET Accountancy 2023 29 May Shift 22026Accountancy
1 mark

, , and are partners with an equal profit sharing ratio (). Their fixed capitals are , and respectively. decides to retire. and decide to continue the partnership firm and change their new profit sharing ratio into their respective Capital Ratio. What is the gaining ratio of and ?

  1. A
  2. B
  3. C
  4. D

Solution & Step-by-step Explanation

Let's calculate the gaining ratio systematically:Old Profit Sharing Ratio:

New Profit Sharing Ratio: and adopt their Capital Ratio.


Gaining Ratio Formula: For A:

For B:

Practice this question

Try it yourself before checking the explanation above.

, , and are partners with an equal profit sharing ratio (). Their fixed capitals are , and respectively. decides to retire. and decide to continue the partnership firm and change their new profit sharing ratio into their respective Capital Ratio. What is the gaining ratio of and ?
A
B
C
D

Share This Question

Related Questions

Ready for a Full Test?

Practice with timed mock tests and track your performance across Accountancy.

Discussion