Accountancy, asked by sandhyakr8765, 10 months ago

gaining partner or partners_the sacrificing patner or partner for the sacrifice in share of profits​

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Answered by rajstar0001
0

Basis of Difference Sacrificing ratio

Objective It is calculated to ascertain the share of profit and loss given up by the existing partners in favour of new partners/partner.

Meaning It is the ratio in which old partners agree to sacrifice their share of profit in favour of new partners/partner.

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