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Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners?
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Murali Naveen and omprakash are partners sharing profits in the ratio ...
Calculation of New Profit Sharing Ratio and Gaining Ratio
Given Information:
- Murali, Naveen and Omprakash are partners sharing profits in the ratio of 3/8, 1/2 and 1/8 respectively.
- Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of Omprakash.
Calculation of New Profit Sharing Ratio:
After Murali's retirement, the new profit sharing ratio of Naveen and Omprakash will be:
- Naveen's share = (Old share of Naveen) + (2/3 of Murali's share)
- = (1/2) + (2/3 x 3/8)
- = (1/2) + (1/4)
- = 3/4
- Omprakash's share = (Old share of Omprakash) + (1/3 of Murali's share)
- = (1/8) + (1/3 x 3/8)
- = (1/8) + (1/8)
- = 1/4
Therefore, the new profit sharing ratio of Naveen and Omprakash is 3/4 : 1/4 or 3 : 1.
Calculation of Gaining Ratio of Remaining Partners:
Gaining ratio is the ratio in which the remaining partners acquire the share of a retiring partner. In this case, the gaining ratio of Naveen and Omprakash will be:
- Gaining ratio of Naveen = (2/3 of Murali's share) / (Old total share of the firm)
- = (2/3 x 3/8) / (3/8 + 1/2 + 1/8)
- = (1/4) / (1)
- = 1/4
- Gaining ratio of Omprakash = (1/3 of Murali's share) / (Old total share of the firm)
- = (1/3 x 3/8) / (3/8 + 1/2 + 1/8)
- = (1/8) / (1)
- = 1/8
Therefore, the gaining ratio of Naveen and Omprakash is 1 : 4 and 1 : 8 respectively.
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Murali Naveen and omprakash are partners sharing profits in the ratio ...
Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners?
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Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners?
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Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners?.
Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Murali Naveen and omprakash are partners sharing profits in the ratio of 3 / 8 ,1 / 2 and 1 / 8 Murali retires and surrenders 2/3 of a share in favour of Navin and remaining share in favour of omprakash calculate new profit sharing ratio and gaining ratio of the remaining partners?.
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