Question : A, B and C are partners in 3 : 4 : 2. B wants to retire from the firm. The profit on revaluation on that date was Rs.36,000. New ratio of A and C is 5 : 3. Profit on revaluation will be distributed as :
Option 1: A: Rs.16,000; B: Rs.12,000; C: Rs.8,000
Option 2: A: Rs.12,000; B: Rs.16,000; C: Rs.8,000
Option 3: A: Rs.15,615; C: Rs.12,375
Option 4: A: Rs.22,500; C: Rs.13,500
Correct Answer: A: Rs.12,000; B: Rs.16,000; C: Rs.8,000
Solution : Prodit on revalution is Rs.36000
On the date of retirement of B profit sharing ratio is 3:4:2
Hence profit on revaluation will be distributed as follows -
A 36000 * 3 / 9 = 12000
B 36000 * 4 / 9 = 16000
C 36000 * 2 / 9 = 8000
Hence the correct answer is option 2.
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