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P, Q and R are partners sharing profits in the ratio of 5: 4: 3. Q retires and P and R decide to share future profits equally. What will be the Gaining Ratio?

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

1. 3







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Previous PostA, B and C are partners sharing profits in the ratio of 5: 2: 1. If the new ratio on the retirement of C is 5: 2, what will be the gaining ratio?
Next PostP, Q and R share profits in the ratio of 5: 4: 3. R retires and the new ratio is 5: 3. If is given Rs. 6,000 as goodwill, what will be the journal entry?

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