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Cash Settlement with Retiring Partner

A, B & C are ...

Question

A, B & C are partners sharing profits & losses in the ratio 3:2:1. What will be the new ratio if A retires?

A

None of the above

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B

3:2

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C

2:1

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D

3:1

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Solution

The correct option is C
2:1

A retires. Since the gaining ratio is not mentioned, we can assume it to be the same as the profit sharing ratio. In this case, the new ratio shall be 2:1.

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