Maharashtra State BoardHSC Commerce 12th Board Exam
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What is the sacrifice ratio? - Book Keeping and Accountancy

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One Line Answer

What is the sacrifice ratio?

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Solution

A ratio that is surrendered or given up by the old partners in favour of a newly admitted partner is called sacrifice ratio.

Concept: Admission of a Partner
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APPEARS IN

Balbharati Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise 3 (Objective Type Questions) | Q 1. (F) 4. | Page 160

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