CUET Accountancy - Ranjana, Sadhna and Kamana are partners, sharing profits in the ratio 4:3:2. Ranjana retires; Sadhna and Kamana decide to share profits in the future at the ratio of 5:3. Calculate the Gaining Ratio: | PYQs + Solutions

CUET Accountancy 2025 30 May Shift 1

Partnership

Medium

common

11:21

25:11

21:11

20:10

✅ Correct Option: 3

Related questions:

27 May Shift 1

Arrange the various accounting aspects involved on retirement or death of a partner-

(A) Ascertainment of share of profit or loss up to the date of retirement/death

(B) Ascertainment of new profit sharing ratio and gaining ratio

(D) Settlement of the amounts due to retired/deceased partner

Choose the correct answer from the options given below:

(B), (C), (D), (A)
(B), (C), (A), (D)
(B), (A), (D), (C)
(C), (B), (D), (A)

22 May Shift 2

Share of loss of deceased partner, calculated on the basis of previous years profit is

13 May Shift 2

The sum due to the retiring partner and to the legal representatives/executors (in case of death) includes the following, in addition to credit balance of his capital/current A/c, share of goodwill, gain on revaluation of assets and liabilities.

CUET Accountancy 2025 30 May Shift 1 PYQs

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