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Answer in One Sentence Only. - Book Keeping and Accountancy

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Question

Answer in one sentence only.
How is sacrifice ratio calculated?

One Line Answer
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Solution

Sacrificing ratio is the ratio in which the existing partners sacrifice their share of profit in favour of the incoming partner. Algebraically, it is expressed as:

Sacrifice ratio = Old ratio – New ratio
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Chapter 3: Reconstitution of Partnership (Admission of Partner) - Exercise 1 [Page 107]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise 1 | Q 8 | Page 107
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