A, B and C were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. B retired and his share was taken over by A and C equally. Calculate the gaining ratio. (C.B.S.E. 2019)

A, B and C were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. B retired and his share was taken over by A and C equally. Calculate the gaining ratio. (C.B.S.E. 2019)

Post category:Accountancy
Reading time:1 mins read

SOLUTION

Gaining Ratio of A and C is 1: 1 as they have taken over B’s Share equally.

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