On 1st April, 2019 A, B and C were partners sharing profits and losses in the ratio of 5 : 3 : 2 respectively. On this date B retires. The new profit sharing ratio of A and C will be 3 : 2. Gaining ratio will be :

🎲 Try a Random Question  |  Total Questions in Quiz: 41  |  🧠 Study this quiz with Flashcards
This question is part of a full practice quiz:
MCQs for Retirement or Death of a Partner — practice the complete quiz, review flashcards, or try a random question.


On 1st April, 2019 A, B and C were partners sharing profits and losses in the ratio of 5 : 3 : 2 respectively. On this date B retires. The new profit sharing ratio of A and C will be 3 : 2. Gaining ratio will be :






ADVERTISEMENT