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Question
New Ratio = Old Ratio + _____ Ratio
Options
Gain
Capital
Sacrifice
Current
Solution
New Ratio = Old Ratio + Gain Ratio.
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RELATED QUESTIONS
Select the most appropriate answer from the alternatives given below:
Gaining ratio is the ratio in which ______.
Apte, Bhate and Chitale are sharing `1/2, 3/10, "and" 1/5` if Apte retire their new ratio will be ______.
Write the Word/Term/Phrase which can substitute of the following statement:
The ratio in which the continuing partners are benefited due to the retirement of partner.
State whether the following statement is true or false with reason.
Gain ratio means New ratio minus Old ratio.
A proportion in which the continuing partners get the share of retiring partner is known as ________ ratio.
What is Benefit Ratio?
What is New Ratio?
A, B and C are sharing profits and losses in the ratio of 1/2, 3/10, and 1/5 respectively. Find the new ratio of the remaining partners if A retires ______.
Given below is the Balance sheet of Amar, Akbar and Anthony who were sharing profits and losses equally:
| Balance Sheet as on 31st March, 2020 | ||||
| Liabilities | Amount ₹ | Assets | Amount ₹ | |
| Creditors | 31,000 | Cash | 39,000 | |
| General Reserve | 24,000 | Debtors | 32,000 | |
| Capital Accounts: | Less: R.D.D | 4,000 | 28,000 | |
| Amar | 57,400 | Furniture | 30,000 | |
| Akbar | 63,600 | Machinery | 80,000 | |
| Anthony | 60,000 | Motor Car | 50,000 | |
| Profit and Loss A/c | 9,000 | |||
| 2,36,000 | 2,36,000 | |||
Amar retired on 1st April, 2020 from the firm on the following terms:
- Furniture to be valued at ₹ 28,000, Machinery ₹ 76,000 and Motor car ₹ 47,600.
- R.D.D. to be maintained at 5% on debtors.
- Goodwill of the firm is to be valued at ₹ 30,000. However, only Amar’s share is to be raised in the books.
- A part payment of ₹ 20,000 to be made to Amar and the balance to be transferred to his Loan Account.
Prepare:
- Profit and Loss Adjustment A/c.
- Partners’ Capital Account.
- Balance Sheet of the New firm.
New Ratio (less) ____ = Gain ratio
New Ratio (less) ______ = Gain ratio
New Ratio (less) ______ = Gain ratio.
Aman, Bankim and Chitra are partners of a firm sharing profit and loss in the 3 : 3 : 2 ratio. Their firm Balance Sheet as on 31st March, 2023 is as under :
| Balance Sheet as on 31st March, 2023 | |||||
| Liabilities | Amount (₹) | Amount (₹) | Assets | Amount (₹) | Amount (₹) |
| Bills Payable | 8,050 | Cash | 18,900 | ||
| General Reserve | 14,000 | Debtors | 43,750 | ||
| Creditors | 30,100 | Investments | 42,000 | ||
| Capital Accounts: | Machinery | 30,450 | |||
| Aman | 42,000 | 1,19,000 | Furniture | 22,050 | |
| Bankim | 45,500 | Equipment | 14,000 | ||
| Chitra | 31,500 | ||||
| 1,71,150 | 1,71,150 | ||||
On 1st April 2023, Chitra retired from the firm on the following terms:
(1) Outstanding amount of retiring partner Chitra, be transferred to her loan account.
(2) Write off ₹ 1,750 as bad debts.
(3) ₹ 350 is now not payable to creditors.
(4) Assets are revalued as under:
| Furniture | ₹ 21,000 |
| Machinery | ₹ 28,000 |
| Equipments | ₹ 14,700 |
Pass necessary Journal entries in the books of firm.
Asha, Nimisha and Shital are partners sharing profits and losses in the ratio of 5 : 4 : 2. Shital retires. New ratio for Asha and Nimisha is 6 : 5. Calculate Gain ratio.
Find the odd one:
New Ratio (less) ______ = Gain ratio.
New Ratio (less) ______ = Gain ratio.
New Ratio (less) ______ = Gain ratio
New Ratio (less) ______ = Gain ratio.
New ratio (less) ______ = Gain ratio
New Ratio (less) ______ = Gain ratio
New Ratio (less) ______ = Gain ratio
