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. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostGive two circumstances in which the Gaining Ratio is computed. Next PostNeetu, Meetu and Teetu were partners in a firm. On 1st January, 2018, Meetu retired. On Meetu’s retirement the goodwill of the firm was valued at Rs. 4,20,000. Pass necessary Journal entry for the treatment of goodwill on Meetu’s retirement. (Delhi and A1 2018) You Might Also Like What do you mean by Non-Cumulative Preference Shares? September 28, 2022 ‘Sale of goods Rs. 23,000 for cash will not affect the operating ratio.’ Is the statement correct? Give reason. (C.B.S.E. 2020. Rajasthan) October 3, 2022 State the closing entries for: (a) rent paid to a partner; (b) interest on loan allowed to partners. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.