Maharashtra State BoardHSC Arts 12th Board Exam
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Answer in One Sentence Only. - Book Keeping and Accountancy

One Line Answer

Answer in one sentence only.
What is sacrifice ratio?

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The ratio in which the new partner (who has joined a partnership firm) is given the share by the existing partners of the firm is called sacrificing ratio. So, it is the ratio in which the existing partners sacrifice their share of profit in favour of the new partner. Algebraically, it is expressed as:

 Sacrifice ratio = Old ratio – New ratio
Concept: Admission of a Partner - Sacrifice Ratio and New Ratio
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Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise | Q 3 | Page 107
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