English

Write the Word/Term Or Phrase Which Can Substitute the Following Statement. - Book Keeping and Accountancy

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Question

Write the word/term or phrase which can substitute the following statement. 
The proportion in which old partners make a sacrifice.

One Word/Term Answer
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Solution

Ratio of Sacrifice

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

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Chapter 3: Reconstitution of Partnership (Admission of Partner) - Exercise 2 [Page 107]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 3 Reconstitution of Partnership (Admission of Partner)
Exercise 2 | Q 3 | Page 107
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