Question:
Sia, Tisha and Aryan were partners sharing profits and losses in the ratio of 4 : 7 : 1. The firm closes its books on 31st March every year. Tisha died on 1st July, 2024. Sia and Aryan will acquire Tisha’s share in which of the following ratio ?
Sia, Tisha and Aryan were partners sharing profits and losses in the ratio of 4 : 7 : 1. The firm closes its books on 31st March every year. Tisha died on 1st July, 2024. Sia and Aryan will acquire Tisha’s share in which of the following ratio ?
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If gaining ratio isn’t mentioned after a partner's death/retirement, use the continuing partners' old ratio to distribute the outgoing partner’s share.
Updated On: Jul 4, 2025
- 1 : 1
- 4 : 1
- 4 : 7
- 7 : 1
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The Correct Option is B
Solution and Explanation
Remaining partners = Sia and Aryan
Their old ratio = 4 : 1 Since no information is given about gaining ratio, assume **old ratio** is used to acquire Tisha’s share.
Their old ratio = 4 : 1 Since no information is given about gaining ratio, assume **old ratio** is used to acquire Tisha’s share.
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