Question

12. Om, Ram and Shanti are partners in a firm sharing profits and losses in the ratio of 4:3:2. Ram retires from
the firm. Calculate new profit-sharing ratio of Om and Shanti in the following circumstances:
(a) If Ram gives his share to Om and Shanti in the original ratio of Om and Shanti.
(b) If Ram gives his share to Om and Shanti in equal proportion.
(c) If Ram gives his share to Om and Shanti in the ratio of 3:1.
(d) If Ram gives his share to Om only.
natio
17!​

Answer 1

Answer:

(a) If Ram gives his share to Om and Shanti in the orginal ration of Om and Shanti

Explanation:

• In a partnership firm , any partner retires from the firm the existing partners can share their profit in the existing ratio.
• If the retiring partners and other mention anything in their agreement ,the share should be allocated in that way