Maharashtra State BoardHSC Commerce 12th Board Exam
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Write the Term / Word / Phrase Which Can Substitute the Following Statement - Book Keeping and Accountancy

One Word Answer

Write the term / word / phrase which can substitute the following statement :
The proportion in which the continuing partners benefit due to retirement of partner.

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Solution

Gaining Ratio

Explanation: The proportion in which the continuing partners benefit due to retirement of a partner is called gaining ratio. It is calculated on the retirement or death of a partner for adjusting the retiring/deceased partner’s share of goodwill.

Concept: Retirement Or Death of a Partner - Treatment of Goodwill
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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 3 | Page 127
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