CUET Accountancy - Rani, Sandhya and Kangana are partners sharing profits in the ratio of 4:3:2 Rani retires. Sandhya and Kangana decided to share profits in future in the ratio of 5:3. Gaining ratio of Sandhya and Kangana will be | PYQs + Solutions

CUET Accountancy 2022 30 Aug Shift 2

Partnership

Medium

11:21

21:11

31:12

23:13

✅ Correct Option: 2

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Arrange the following steps in correct sequence in case of retirement of a partner:

(A) Adjustment of Capital, if required

(B) Ascertain new profit sharing ratio and gaining ratio

(D) Undertake revaluation of assets and liabilities

Choose the correct answer from the options given below:

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Keshav, Nirmal and Pankaj are partners sharing profits and losses in the ratio of 4 : 3 : 2. Nirmal retires and the goodwill is valued at Rs. 72,000. Keshav and Pankaj decided to share future profits and losses in the ratio of 5 : 3. Gaining Ratio of Keshav and Pankaj is:

CUET Accountancy 2022 30 Aug Shift 2 PYQs

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