Question:medium

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 ?

Show Hint

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: Feb 12, 2026
  • 1 : 1
  • 4 : 1
  • 4 : 7
  • 7 : 1
Show Solution

The Correct Option is B

Solution and Explanation

The remaining partners are Sia and Aryan.
Their initial profit-sharing ratio is 4:1.
As there is no information regarding any change in ratio, it is assumed that the initial ratio is used to determine Tisha’s share.
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