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What is meant by gainning ratio

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What is meant by gainning ratio

Posted by Shayan Burhan 6 years, 3 months ago

CBSE > Class 12 > Accountancy

2 answers

Sai Kshi. Singh 6 years, 3 months ago

Gaining ratio=new ratio-old ratio.

Yogita Ingle 6 years, 3 months ago

Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner’s share of profit.

When the partner retires, the profit sharing ratio of the continuing partners gets changed. Continuing partners distribute the share of retiring partner among them.

Gaining ratio= New Ratio – Old Ratio (if positive)

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