Question

Srishti, Nitya and Anand were partners in a firm sharing profits and
losses in the ratio of 3: 2:1. Srishti retired from the firm selling her
share of profits to Nitya and Anand in the ratio of 2:1. The new profit
sharing ratio between Nitya and Anand will be:​

Answer 1

Nitya's share = 1,50,000 × 3/5

= Rs. 90,000

Anand's share = 150,000 × 2/5

= Rs. 60,000

JOURNAL ENTRY

Profit & loss A/c Dr. 150,000

To Nitya's capital A/C 90,000

To Anand's capital A/C 60,000

Answer 2

Answer:

2:1

Explanation:Nitya's share = 2/6+2/3 = 6/6

Anand's share = 1/6 + 1/3 = 3/6

Therefore, Nitya : Anand = 6/6 : 3/6 = 2:1