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Why do we calculate gaining ratio …

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Why do we calculate gaining ratio and sacrifice ratio in which purpose both are used ?

Posted by Karandeep Singh 6 years, 2 months ago

CBSE > Class 12 > Accountancy

1 answers

Hanspreet Singh 6 years, 2 months ago

•When a partner retired from the partnership then he gave his share to the remaining partners of the firm. The ratio in which remaining partner's share increases is called gaining ratio. •When a new partner admits in the partnership then old partners surrender some share in favour of him. The ratio of surrender of profit sharing ratio is called sacrificing ratio.

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CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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