Question

X Y Z are partners y in 2:2:1 y retires their balance sheet is as follows

Answer 1

Explanation:

x : y : z

2:2:1

y's share is 2 ratio

we will assume that y's share will be equally divided between x and z

2/5:2/5:1/5

x took --- 2/5*1/2=2/10

z took----2/5*1/2=2/10

new ratio

x:z

2/5+2/10:1/5+2/10

3/5:2/5

3:2