Partnership

Retirement/Death

Medium

common

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:

11:21

25:11

21:11

20:10

✅ Correct Option: 3

Old Profit Sharing Ratio (Ranjana : Sadhna : Kamana) = 4:3:2

New Profit Sharing Ratio (Sadhna : Kamana) = 5:3 (after Ranjana's retirement)

To find the Gaining Ratio, we calculate: Gain = New Share - Old Share for each continuing partner.

For Sadhna:

Old Share = $\frac{3}{9}$ = $\frac{1}{3}$

New Share = $\frac{5}{8}$

Gain = $\frac{5}{8} - \frac{1}{3}$ = $\frac{15-8}{24}$ = $\frac{7}{24}$

For Kamana:

Old Share = $\frac{2}{9}$

New Share = $\frac{3}{8}$

Gain = $\frac{3}{8} - \frac{2}{9}$ = $\frac{27-16}{72}$ = $\frac{11}{72}$

Gaining Ratio = Sadhna's Gain : Kamana's Gain

= $\frac{7}{24}$ : $\frac{11}{72}$

= $\frac{7}{24} \times 72$ : $\frac{11}{72} \times 72$

= $21$ : $11$

Gaining Ratio = 21:11

2026: 6 June Shift 1

From the following options, which one should be deducted in ascertaining the amount due to retiring or deceased partner?

2025: 30 May Shift 1

In the absence of any information regarding the acquisition of share in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in:

2025: 14 May Shift 1

Which combination of statements are correct about Death of a partner-

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

(B) Preparation of Realization Account

(D) Adjustment of capital, if required

Choose the correct answer from the options given below:

2026: 21 May Shift 2

Which of the following deduction may be made from the sum due to the retiring partner?

2026: 11 May Shift 2

Champa, Roma and Sunakshi are partners sharing profits in the ratio of 5:3:2. Roma retires, the new profit sharing ratio between Champa and Sunakshi will be 1:1. The goodwill of the firm is valued at Rs. 4,00,000, Roma's share of goodwill will be adjusted:

2023: 20 June Shift 2

A, B, C were partners in a partnership firm their profit sharing ratio was 5:3:2. B retires and the new profit sharing ratio between A and C was 3:2. Calculate gaining ratio.

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:

Solution

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