Home
Class 12
ACCOUNTS
Abhishek, Rajat and Vivek are partners s...

Abhishek, Rajat and Vivek are partners sharing profits in the ratio of `5:3:2`. If Vivek retires, the New Profit Sharing Ratio between Abhishek and Rajat will be–

A

`3:2`

B

`5:3`

C

`5:2`

D

None of these

Text Solution

Verified by Experts

The correct Answer is:
B
Promotional Banner

Topper's Solved these Questions

  • RECONSTITUTION OF A PARTNERSHIP FIRM-RETIREMENT/DEATH OF A PARTNER

    NCERT|Exercise Test your Understanding - II|8 Videos

  • RECONSTITUTION OF A PARTNERSHIP FIRM-RETIREMENT/DEATH OF A PARTNER

    NCERT|Exercise Short Answer Questions|10 Videos

  • RECONSTITUTION OF A PARTNERSHIP FIRM-RETIREMENT/DEATH OF A PARTNER

    NCERT|Exercise Numerical Question|28 Videos

  • RECONSTITUTION OF A PARTNERSHIP FIRMADMISSION OF A PARTNER

    NCERT|Exercise Numerical Questions|35 Videos

Similar Questions

Explore conceptually related problems

A, B and C are the partner sharing profits in the ratio 3 : 2 : 1 , C retires . What will be the new profit - sharing ratio?

A,B and C are the partners sharing profits in the ratio 3 : 2 : 1 , C retires , the new profit - sharing ratio is 3 : 2 . What will be the gaining ratio?

Deepa, Neeru and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2 . Neeru retired and the new profit sharing ratio between Deepa and Shilpa was 2 : 3 . On Neeru's tetirement, the goodwill of the firm was valued at Rs. 1,20,000. Record necessary journal entry for the treatment of goodwill on Neeru's retirement.

M and J are partners in a firm sharing profits in the ratio of 3 : 2. They admit R as a new partner. The new profit-sharing ratio between M, J and R will be 5 : 3 : 2, R brought in RS.25,000 for his share of premium for goodwill. Pass necessary Journal entries for the treatment of goodwill.