[DK Goyal] Q 1 CBSE Retirement/Death of Partner Solutions (2022-23)

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Solutions of Question number 1 of DK Goyal Retirement/Death of Partner class 12 CBSE 2022-23

Question – 1 (A)

A, B and C are partners sharing profits in the ratio of 6:5:4. Calculate the new profit sharing ratio if i) A retires, ii) B Retires, iii) C Retires.

Solution 1(A):-

Old Ratio of A, B and C = 6:5:4.

The New Ratio of the remaining partners will be calculated by striking out the share of the retiring partner. Thus,

When A retires, the new ratio between B and C will be 5:4

When B retires, the new ratio between A and C will be 6:4

When C retires, the new ratio between A and B will be 6:5

Solution 1(B):-

Old Ratio of A, B, C and D = 5:3:1:2.

When B and C retire, the new ratio between A and D will be 5:2.