Q. 1 DK Goel Retirement of Partner Solutions Class 12 CBSE (2024-25)

Here are the solutions of Question number 1 of Retirement of Partner chapter 5 of DK Goel Class 12 CBSE (2024-25)

Q. 1 (A). A, B and C are partners sharing profits in the ratio of 6 : 5 : 4. Calculate new profit sharing ratios if (i) A retires; (ii) B retires; (iii) C retires.

[Ans. (i) 5 : 4; (ii) 6 : 4; (iii) 6 : 5]

Solution:-

Q. 1 (B). A, B, C and D are partners sharing profits in the ratio of 5 : 3 : 1 : 2. Calculate the new profit sharing ratio if B and C retire from the firm.

[Ans. 5 : 2]

Solution:-