Answer in one sentence only. What is the gain ratio? - Book Keeping and Accountancy
Answer in one sentence only.
What is the gain ratio?
Proportion in which continuing partner gain the share of outgoing partner on his retirement.
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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