Accountancy, asked by lalitbablukumar7, 4 months ago

gaining ratio us calculated at the time of​

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Answered by bhumijangid452
0

Answer:

gaining ratio is calculated at the time of retirement or death of the the partner. it is the ratio in which the remaining partners acquire the outgoing partner's share of profit. when the partner retires, the profit sharing ratio of the continuing partners gets changed.

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