Q38. Mr. A, B, C and D are Partners in a firm sharing profits in the ratio of 3:2:1:4. Mr A retired

Q: What is the correct answer for CUET UG Accountancy Q38?

The correct answer is a. Original profit sharing ratio A:B:C:D = 3:2:1:4. Total ratio = 3+2+1+4 = 10.Individual shares: A = 3/10, B = 2/10, C = 1/10, D = 4/10.A retires, and his share (3/10) is acquired by B and C in the ratio 3:2.Share acquired by B = (3/10) * (3/5) = 9/50.Share acquired by C = (3/10) * (2/5) = 6/50.New profit shares:B's new share = Old B's share + Share acquired by B = 2/10 + 9/50 = 10/50 + 9/50 = 19/50

Q: Q38. Mr. A, B, C and D are Partners in a firm sharing profits in the ratio of 3:2:1:4. Mr A retired and his share is acquired by B and C in the ratio 3:2. Calculate new profit sharing ratio of…

The correct answer is a. Original profit sharing ratio A:B:C:D = 3:2:1:4. Total ratio = 3+2+1+4 = 10.Individual shares: A = 3/10, B = 2/10, C = 1/10, D = 4/10.A retires, and his share (3/10) is acquired by B and C in the ratio 3:2.Share acquired by B = (3/10) * (3/5) = 9/50.Share acquired by C = (3/10) * (2/5) = 6/50.New profit shares:B's new share = Old B's share + Share acquired by B = 2/10 + 9/50 = 10/50 + 9/50 = 19/50

Q: What are the options for this CUET UG Accountancy question?

A. 19:11:20 · B. 3:2:4 · C. 18:12:20 · D. 16:18:12

Question

Q38. Mr. A, B, C and D are Partners in a firm sharing profits in the ratio of 3:2:1:4. Mr A retired and his share is acquired by B and C in the ratio 3:2. Calculate new profit sharing ratio of partners.

FirstInTest · Accepted Answer

Original profit sharing ratio A:B:C:D = 3:2:1:4. Total ratio = 3+2+1+4 = 10.Individual shares: A = 3/10, B = 2/10, C = 1/10, D = 4/10.A retires, and his share (3/10) is acquired by B and C in the ratio 3:2.Share acquired by B = (3/10) * (3/5) = 9/50.Share acquired by C = (3/10) * (2/5) = 6/50.New profit shares:B's new share = Old B's share + Share acquired by B = 2/10 + 9/50 = 10/50 + 9/50 = 19/50.C's new share = Old C's share + Share acquired by C = 1/10 + 6/50 = 5/50 + 6/50 = 11/50.D's share remains unchanged = 4/10 = 20/50.New Profit Sharing Ratio (B:C:D) = 19/50 : 11/50 : 20/50 = 19:11:20.

Answer

19:11:20

Answer

3:2:4

Answer

18:12:20

Answer

16:18:12

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