Maharashtra State BoardHSC Arts 12th Board Exam
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When is Gain Ratio Required to Be Calculated ? - Book Keeping and Accountancy

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Question

When is gain ratio required to be calculated ?

Solution

Gain ratio is required to be calculated in case of retirement of partner, when goodwill is raised equal to share of retiring partner and written off.

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APPEARS IN

 2017-2018 (March) (with solutions)
Question 1.1.4 | 1.00 mark
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When is Gain Ratio Required to Be Calculated ? Concept: Retirement Or Death of a Partner - Gain Ratio.
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