Advertisements
Advertisements
Question
Answer in one sentence only.
What is the gain ratio?
One Line Answer
Advertisements
Solution 1
Proportion in which continuing partner gain the share of outgoing partner on his retirement.
shaalaa.com
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.
shaalaa.com
Is there an error in this question or solution?
Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 5.1 (Objective Questions) [Page 201]
