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A,B and C are the partners sharing prof...

A,B and C are the partners sharing profits in the ratio `3 : 2 : 1`,C retires . If A and B purchase the share of retiring partner equally , what will be new profit - sharing ratio ?

A

`7 : 5`

B

`3 : 2`

C

`1 :1`

D

None of these.

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The correct Answer is:
a
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TS GREWAL-MCQ-Multiple Choice Questions (MCQs)
  1. A, B and C are the partner sharing profits in the ratio 3 : 2 : 1 , C ...

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  2. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1, C ...

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  3. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

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  4. A,B and C are three partners in the firm , sharing in the ratio 2 : 2 ...

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  5. A, B and C are partners, Sharing profits and losses in 3 : 2 : 1 , B...

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  6. A, B and C are partners, B retires from the firm , on the date of his ...

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  7. A, B and C are three partner , B retires from the firm , on the date ...

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  8. Claim of the retiring partner is payable in the following form :

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  9. A, B and C are partners sharing profit and losses in the ratio of 2 ...

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  10. A, B and C are partners in the firm , sharing profits in the ratio of ...

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  11. X,Y and Z are partners , Sharing profits in the ratio of 2 : 2 : 1 , Y...

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  12. Retiring partner is compensated by the continuing partners in their

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  13. Accumulated profits on the retirement of a partner are

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  14. Partner 's Capital Account is debited

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  15. At the time of retirement of a partner , gain (profit) on revaluation ...

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  16. As per Section 37 of the Indian Partnership Act , 1932 , the executors...

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  17. Which of the following is not the mode of dissolution of the firm?

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  18. Premium on issued of shares can be used for

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  19. When shares are forfeited , share Capital Account is debited with

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  20. If a share Rs.10 issued at a premium of Rs.2 on which the full amount ...

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