1
You visited us
1
times! Enjoying our articles?
Unlock Full Access!
Byju's Answer
Standard XII
Accountancy
Meaning of Retirement
On retirement...
Question
On retirement /death of a partner new Profit sharing ratio of remaining partner _________.
A
old ratio + gaining ratio.
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
old ration+ sacrificing ratio.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
1/No. of partners.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
old ratio - sacrificing ratio.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is
C
old ratio + gaining ratio.
The share of retire partner amongst continuing partner
formula is,
gaining ratio=new ratio-old ratio
then,
new ratio=old ratio+raining ratio
Suggest Corrections
0
Similar questions
Q.
At the time of admission of new partner, old partner's profit sharing ratio is not changed, the sacrificing ratio is ______.
Q.
A
,
B
and
C
are partners sharing profits in the ratio of
2
:
2
:
1
.
D
is admitted as a new partner for
1
/
6
t
h
share.
C
will retain his original share. Calculate the new profit sharing ratio and sacrificing ratio.
Q.
A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C will retain his original share. Calculate the new profit-sharing ratio and sacrificing ratio.