Question

Difference between new profit sharing ratio and sacrificing ratio 5 differences

Answer 1

Explanation:

Distinguish between the sacrificing ratio and the gaining ratio among partners. It is calculated to ascertain the share of profit and loss given up by the existing partners in favour of new partners/partner. ... It is the ratio in which continuing partner acquires the share of profit from outgoing partners/partner.

Answer 2

Answer:

Distinguish between the sacrificing ratio and the gaining ratio among partners. It is calculated to ascertain the share of profit and loss given up by the existing partners in favour of new partners/partner. ... It is the ratio in which continuing partner acquires the share of profit from outgoing partners/partner.

Explanation:

I hope it's help you