X, T and Z are partners sharing profits in the ratio, of 1 / 2: 2 / 5 and 1 / 10. Find the new ratio of remaining partners if Z retires. Post category:Accountancy Reading time:1 mins read SOLUTION Old ratio of X, Y and Z = 1 / 2: 2 / 5: 1 / 10 or 5: 4: 1.Hence, if Z retires, the new ratio between X and Twill be 5: 4. Please Share This Share this content Opens in a new window X Opens in a new window Facebook 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 PostA. B and C are partners sharing profits in the ratio of 1 /2: 1 / 4: 1 / 4 What will be the new ratio on the retirement of B? Next PostA, B and C are partners sharing profits in the ratio of 1 / 4: 3 / 10: 9 / 20. What will be the new ratio on the retirement of C? You Might Also Like A and B are partners. A’s Capital is Rs. 1,00,000 and B’s Capital is Rs. 60,000. Interest on capital is payable @ 6% p.a. B is entitled to a salary of Rs. 3,000 per month. Profit for the current year before interest and salary to B is Rs. 80,000. Prepare Profit and Loss Appropriation Account. July 20, 2022 State with reason whether the issue of 9% debentures to a vendor for the purchase of machinery of Rs. 50,000 will result in inflow, outflow or no flow’ of cash while preparing Cash Flow Statement. October 6, 2022 A, B, and C are partners sharing profits in the ratio of 5: 3: 2. C retires and his share is taken by A. Calculate new profit-sharing ratio of A and B. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.

A and B are partners. A’s Capital is Rs. 1,00,000 and B’s Capital is Rs. 60,000. Interest on capital is payable @ 6% p.a. B is entitled to a salary of Rs. 3,000 per month. Profit for the current year before interest and salary to B is Rs. 80,000. Prepare Profit and Loss Appropriation Account. July 20, 2022

State with reason whether the issue of 9% debentures to a vendor for the purchase of machinery of Rs. 50,000 will result in inflow, outflow or no flow’ of cash while preparing Cash Flow Statement. October 6, 2022

A, B, and C are partners sharing profits in the ratio of 5: 3: 2. C retires and his share is taken by A. Calculate new profit-sharing ratio of A and B. August 3, 2022