Question

X. Y and Z are partners in a firm shanng profit and losses in the ratio of 3:2:1. Z retires and
the new profit sharing ratio between X and Y is 3:2. The gaining ratlo between X and Y will be
a) 3:2. (b) 3:1 (c) 1:1 (d) 2:1
On the admission of new partner increase in the value of assets in debited to​

Answer 1

the gaining ratio will be - 3: 2