Maharashtra State BoardHSC Commerce 12th Board Exam
Advertisement Remove all ads

State Whether the Following Statements is True Or False : - Book Keeping and Accountancy

MCQ

State whether the following statements is true or false :

Gaining ratio means old ratio minus new ratio.

Options

  • True

  • False

Advertisement Remove all ads

Solution

False

Explanation: Gaining ratio is the ratio in which continuing partners acquire the retiring partner’s share. In other words,

Gaining Ratio = New Ratio – Old Ratio

Hence, the given statement is incorrect.

Concept: Retirement Or Death of a Partner - Gain Ratio
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Micheal Vaz Accounts - Book Keeping and Accountancy HSC 12th Standard Maharashtra State Board
Chapter 4 Reconstitution of Partnership (Retirement of Partnership)
Exercise | Q 1 | Page 127
Advertisement Remove all ads
Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×