A, B, and C are partners with equal profit sharing ratio. Their fixed capitals are 30,000, 25,000 and 30,000 respectively. C decided to take retirement. A and B decided to continue the partnership firm and change their profit sharing ratio into Capital Ratio. What is the gaining Ratio of A and B?
This question was previously asked in
Shift 2A 3:00PM - 3:45 PM Accounts
A
6:5
B
1:1
C
7:4
D
3:2
Correct Answer
7:4
Detailed Explanation
Get Dubuddy App
Practice on the go with our mobile app
More CUET Questions
1
Out of the following when will the need for valuation of goodwill does not arise:
2
Identify the term that indicate excess of Expenditure over Income, in case of a Not-for-profit Organisation.
3
Identify those debentures on which no interest will be paid/provided.
4
Match List I with List II LIST I LIST II A. Transfer of accumulated profits I. Realisation account B. Unrecorded asset sold on dissolution of firm II. Profit and Loss Account C. Manager's commission III. Profit and Loss Appropriation Account D. Partner's commission IV. Partner's Capital account Choose the correct answer from the options given below:
Test Series
CUET Subjects
Your CUET Journey Starts with DuBuddy
CUET ki Practice Means DuBuddy Pe Practice