Maharashtra State BoardHSC Commerce 12th Board Exam
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Answer in one sentence only. What is the gain ratio? - Book Keeping and Accountancy

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One Line Answer

Answer in one sentence only.

What is the gain ratio?

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Solution 1

Proportion in which continuing partner gain the share of outgoing partner on his retirement.

Solution 2

The profit-sharing ratio which is acquired by the surviving or continuing partners on account of the death of any partner is called gain ratio or benefit ratio.

Concept: Reconstitution of Partnership (Death of Partner)
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APPEARS IN

Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 5 Reconstitution of Partnership (Death of Partner)
Exercise 5 (Objective Questions) | Q 1. E. 1. | Page 201
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