distinguish between sacrificing ratio and gaining ratio?
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Sacrificing Ratio is the ratio in which old partners sacrifice their share in profits in favor of new or incoming partners, Whereas, gaining ratio is the ratio in which remaining partners acquire the outgoing partner's share.
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ANS: Sacrificing Ratio is the ratio in which old partners sacrifice their share in profits in favor of new or incoming partners, Whereas, gaining ratio is the ratio in which remaining partners acquire the outgoing partner's share.
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