Ade, Tony, Rose share profit and losses in the ratio of 3...
Ade, Tony, Rose share profit and losses in the ratio of 3 : 2 : 1 respectively. Ade retires and the remaining partners decide to take Ade’s share in the existing ratio. What is the new ratio?
1 : 1
3 : 6
2 : 1
2 : 6
Correct answer is C
The existing ratio between Tony and Rose = 2/6 and 1/6
Ade’s ratio = 3/6
Ade’s share to be taken by Tony and Rose in the ratio 2 : 1
Tony gets: 3/6 x 2/6
= 6/18
Rose gets: 3/6 x 1/3
= 3/18
New ratio between Tony and Rose = 6 : 3
= 2 : 1
Interest on Partner's drawing is credited to ...
When a fixed asset is fully depreciated, its net book value is ...
Which of the following is not contained in the sales ledger control account? ...
When a buyer returns damages goods to the seller, the buyer receives a ...
The fixed amount of money set aside for pretty expenses is called ...
A loss made on the disposal of a fixed assets is debited to ...
A financial plan of action expressed in monetary terms is a/an ...