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Standard XII

Accountancy

Calculating Gaining Ratio

Ashish, Barmo...

Question

Ashish, Barmon, and Chander are partners sharing profits and losses in the ratio of 2 : 1 : 2 respectively. Chander retires and Ashish and Barman decide to share the profits and losses equally in future. Calculate the gaining ratio

None of the above

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2:1

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1:3

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1:1

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Solution

The correct option is C
1:3

Gaining ratio = New Ratio – Existing Ratio

Hence, Ashish gets = 1/2 – 2/5

= 1/10

Barman gets = 1/2 – 1/5 = 3/10

Gaining ratio between Ashish and Barman is 1 : 3

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Ashish, Barmon, and Chander are partners sharing profits and losses in the ratio of 2 : 1 : 2 respectively. Chander retires and Ashish and Barman decide to share the profits and losses equally in future. Calculate the gaining ratio

The correct option is C 1:3 Gaining ratio = New Ratio – Existing Ratio Hence, Ashish gets = 1/2 – 2/5 = 1/10 Barman gets = 1/2 – 1/5 = 3/10 Gaining ratio between Ashish and Barman is 1 : 3

The correct option is C
1:3

Gaining ratio = New Ratio – Existing Ratio

Hence, Ashish gets = 1/2 – 2/5

= 1/10

Barman gets = 1/2 – 1/5 = 3/10

Gaining ratio between Ashish and Barman is 1 : 3