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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 _________.

old ratio + gaining ratio.

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old ration+ sacrificing ratio.

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1/No. of partners.

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old ratio - sacrificing ratio.

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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

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Similar questions

Q. At the time of admission of new partner, old partner's profit sharing ratio is not changed, the sacrificing ratio is ______.

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.

P

and

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are partners sharing profits in the ratio of

3 : 2

. They admit

R

, a new partner who acquired

1 / 5^{t h}

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P

and

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share from

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. Calculate New Profit Sharing Ratio and Sacrificing Ratio.

A,B and C are partners sharing profits in the ratio of 5:3:2. They admit D into partnership. The new profit sharing ratio of partners is 3:2:2:3. Calculate the sacrificing ratio.

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On retirement /death of a partner new Profit sharing ratio of remaining partner _________.

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

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