Maharashtra State BoardHSC Arts 12th Board Exam
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Select the Most Appropriate Answer from the Alternative Given Below and Rewrite the Sentence. - Book Keeping and Accountancy

MCQ

Select the most appropriate answer from the alternative given below and rewrite the sentence.

The proportion in which old partners make a sacrifice is called _________________ ratio.

Options

  • Capital

  • gaining

  • sacrifice

  • new

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Solution

The proportion in which old partners make a sacrifice is called sacrifice ratio.

Explanation: The proportion in which old partners make a sacrifice is called sacrifice ratio. It is the amount that is foregone by all the old partners equally or by some of the partners in the agreed share.

Concept: Admission of a Partner - Sacrifice Ratio and New Ratio
  Is there an error in this question or solution?
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APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise | Q 4 | Page 107
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