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Home › CBSE Class 12 (Commerce) › Accountancy › Accounting for Partnership Firms: Retirement and Death of a Partner › Anand, Bahadur, Chander share equally; Chander e…

Anand, Bahadur, Chander share equally; Chander exits; they take it 3:2. New ratio?

A1:1
B5:4
C8:7
D3:2
Answer & Solution
Correct answer: C. 8:7
Chander's 1/3 splits as 1/5 and 2/15, so Anand has 1/3+1/5=8/15 and Bahadur has 1/3+2/15=7/15.
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