Reconstitution of a Partnership Firm – Retirement/Death of a Partner · Class 12 · CBSE · Commerce Accountancy
P, Q and R share profits in the ratio 5:3:2. Q retires, and P and R agree to share future profits in the ratio 3:2. What is the gaining ratio of P an…
Practice question from Reconstitution of a Partnership Firm – Retirement/Death of a Partner (Class 12 · CBSE · Commerce Accountancy), with the correct answer and a step-by-step solution.
medium · MCQ · Q-00C3A1
P, Q and R share profits in the ratio 5:3:2. Q retires, and P and R agree to share future profits in the ratio 3:2. What is the gaining ratio of P and R?
- A.1:1
- B.1:2Correct answer
- C.2:1
- D.3:2
Solution
P's gain = 3/5 − 5/10 = 1/10. R's gain = 2/5 − 2/10 = 1/5. Therefore, the gaining ratio is 1/10 : 1/5 = 1:2.
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