Question :

Channi, Manni and Amar are partners sharing profits and losses in the ratio of 4:3:2. Amar retires from the business. Channi acquires 4/9th of Amar's share and the balance is acquired by Manni. The new profit-sharing ratio of Channi and Manni is 

Option 1: NPSR 44:37 and gaining Ratio 4:5

Option 2: NPSR 22:37 and Gaining Ratio 5:4

Option 3: NPSR 44:37 and gaining ratio is 4:2

Option 4: None of the above 

Question : A, B and C are partners sharing profits in the ratio of 1/2, 3/10 and 1/5. B retires from the firm and A and C agree to share future profits in the ratio of 3: 2. Gaining ratio will be 

Option 1: 2:1

Option 2: 1:2

Option 3: 5:3

Option 4: None of the above

Question : X, Y and Z are partners sharing profits and losses in the ratio of 4: 3: 2. Y retires and give 1/9th of his share to X and the remaining to Z new profit-sharing ratio and the gaining ratio of the firm will be 

Option 1: 13:14, GR 1:8

Option 2: 4:2

Option 3: 4:3

Option 4: 13:14, GR 1:3

Question :

Accumulated losses on the retirement of a partner are

Option 1:

credited to all Partners’ Capital Accounts in old profit-sharing ratio.

Option 2:

debited to all Partners’ Capital Accounts in the old profit-sharing ratio.

Option 3: credited to remaining Partners’ Capital Accounts in new profit-sharing ratio.

Option 4: credited to remaining Partners’ Capital Accounts in gaining ratio.

Question : Divya, Vikas and Varun are partners sharing profits in the ratio of 1/2: 1/8: 3/8 respectively. Vikas retires and surrenders 1/9 th from his share in favour of Divya and the remaining in favour of Varun. gaining ratio and new profit-sharing ratio will be :

Option 1: Gaining ratio 8: 1 and new profit sharing ratio 11: 7

Option 2: Gaining ratio 11: 7 and new profit sharing ratio 8: 1

Option 3: Gaining ratio 4: 2 and new profit sharing ratio 7: 11

Option 4: None of the above