Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Nimisha retired and the new profit sharing ratio betwee - Accountancy MCQ CUET Accountancy 2023 11 June Shift 3 2026 | ExamTest.live

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Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Nimisha retired and the new profit sharing ratio between Deepali and Sonam was 2 : 3 . On Nimisha's retirement, the goodwill of the firm was valued at Rs. 1, 20, 000 . From the above information, calculate share of Deepali's sacrifice or gain:

Solution & Step-by-step Explanation

To find a partner's gain or sacrifice, use the formula: Gain / Sacrifice = New Share - Old Share Old Ratio of Deepali, Nimisha, Sonam = \frac{5}{10} : \frac{3}{10} : \frac{2}{10} New Ratio of Deepali and Sonam = \frac{2}{5} : \frac{3}{5} = \frac{4}{10} : \frac{6}{10} For Deepali: New Share - Old Share = \frac{4}{10} - \frac{5}{10} = - \frac{1}{10} A negative result indicates a Sacrifice of \frac{1}{10} .

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Deepali, Nimisha and Sonam were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Nimisha retired and the new profit sharing ratio between Deepali and Sonam was 2 : 3 . On Nimisha's retirement, the goodwill of the firm was valued at Rs. 1, 20, 000 . From the above information, calculate share of Deepali's sacrifice or gain:

1/10 Sacrifice

1/10 Gain

4/10 Sacrifice

4/10 Gain

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