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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
P, Q and R are partners sharing profits in the ratio of 7 : 5 : 3. P retires and it is decided that the profit-sharing ratio between Q and R will be the same as that existing between P and Q. Calculate the new profit-sharing ratio and gaining ratio.
New Ratio (Q : R) = 7 : 5 (same as the old P : Q). Gain = New Share – Old Share:
New Ratio = 7 : 5; Gaining Ratio (Q : R) = 15 : 13.
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "T.S. Grewal Class 12 Chapter 5 Q.11 - Retirement of a Partner", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 5 - Retirement of a Partner.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
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