Posted by Abhishek Thakur 2 months, 2 weeks ago
The Gain Ratio is calculated when a partner quit or retire from the business, and the other continues to do the business in that company. The gain ratio is also known as the retirement of a partner. In other words, when a partner leaves or retires from the firm due to some reasons like bad health, old age, etc., the existing agreement and partnership come to an end. However, the current individual’s formats a new partnership agreement with new fresh terms and conditions.
When a partner leaves a company, the profit ratio of the existing partner’s changes after they acquire the retiring partner’s share and distribute amongst each other.
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