Tamil Nadu Board of Secondary EducationHSC Commerce Class 12th

If the old profit sharing ratio is more than the new profit sharing ratio of a partner, the difference is called ____________. - Accountancy

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MCQ
Fill in the Blanks

If the old profit sharing ratio is more than the new profit sharing ratio of a partner, the difference is called ____________.

Options

  • Capital ratio

  • Sacrificing ratio

  • Gaining ratio

  • None of these

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Solution

If the old profit sharing ratio is more than the new profit sharing ratio of a partner, the difference is called Sacrificing ratio.

Concept: New Profit Sharing Ratio and Sacrificing Ratio
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APPEARS IN

Tamil Nadu Board Samacheer Kalvi Class 12th Accountancy Answers Guide
Chapter 5 Admission of a partner
Multiple Choice questions | Q I 4. | Page 171
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