RETIREMENT OF A PARTNER T.S.Grewal Ch-5 Que no-6,7,8,9,10 & 11(New Profit Sharing & Gaining Ratio

RETIREMENT OF A PARTNER T.S.Grewal Ch-5 Que no-6,7,8,9,10 & 11(New Profit Sharing & Gaining Ratio Class 12 accounts W,X,Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3, and 1/6 respectively. Y retire and W,X and Z decide to share the profits and losses equally in future A,B and C are partners sharing profits and losses in the ratio of 4:3:2. C retires from the business.A takes4/9 of C's share and balance is taken by B. Calculate the new profit -sharing ratio and gaining ratio. #accountancy #tsgrewal2023 #accounts #msacademyaccounts #accounting #chapter5 #retirementofapartner #gainingratio