Advertisements
Advertisements
Question
‘Gaining Ratio’ means ______.
Options
Old Ratio - New Ratio
New Ratio - Old Ratio
Old Ratio - Sacrificing Ratio
New Ratio - Sacrificing Ratio
MCQ
Fill in the Blanks
Advertisements
Solution
‘Gaining Ratio’ means New Ratio - Old Ratio.
Explanation:
Gaining Ratio refers to the portion of profit gained by continuing partners when a partner retires or dies. It is calculated to determine how much of the outgoing partner’s share each continuing partner is acquiring.
shaalaa.com
Is there an error in this question or solution?
