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Death of A Partner Ts grewal solution volume-1 (2023-2024) Question 1: A, B and C were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new ratio of the remaining partners if C dies. Answer: Old Ratio (A, B and C) =1/2 :2/5 : 1/10 or 5 : 4 : 1 As we can see, no information is given as to how A and B are acquiring C's profit share after his death, so the new profit sharing ratio between A and B is calculated just by crossing out the C’s share. That is, the new ratio becomes 5 : 4. ∴ New Profit Ratio (A and B) = 5 : 4 Question 2: From the following particulars, calculate new profit-sharing ratio of the partners: (a) Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan died and his share was taken equally between Shiv and Hari. (b) P, Q and R were partners sharing profits in the ratio of 5 : 4 : 1. P died from. Answer: (a) Old Ratio (Shiv, Mohan and Hari) = 5 : 5 : 4 Mohan’s Profit Share = 5/14 His share is