X ,Y and Z are partners sharing in the ratio of 5:4:3 X retires from the firm and - Accountancy - Reconstitution- Retirement/Death of a Partner

Question

X ,Y and Z are partners sharing in the ratio of 5:4:3 X retires
from the firm and it is decided that new profit sharing ratio
between Y and Z will be same as existing between X and Y Calculate
new profit sharing ratio and gaining ratio

Saraj · Answer

X Y And Z are partners sharing profit ratio 5:4:3 respectively X
retired from the firm and it that new share profit sharing ratio
between Y and Z will be same as existing between Xand Y Calculate
new ratio and gaining ratio

X ,Y and Z are partners sharing in the ratio of 5:4:3 . X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y . Calculate new profit sharing ratio and gaining ratio.