Question 04 Chapter 6 of +2-A
Table of Contents
04. A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. A retires, assuming B and C will share profits in the ratio of 2 : 1. Determine the gaining ratio
The solution of Question 04 Chapter 6 of +2-A: –
a
Old Ratio A ,B and C = 4 : 3 : 2
New Ratio BandC = 2 : 1
Gaining Ratio New Ratio − Old Ratio
| B’s Gain | = | 2 | – | 3 |
| 3 | 9 |
| = | 6 – 3 | |
| 9 |
| = | 3 | |
| 9 |
| C’s Gain | = | 1 | – | 2 |
| 3 | 9 |
| = | 3 – 2 | |
| 9 |
| = | 1 | |
| 9 |
∴Gaining Ratio = 3 : 1
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
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