Give any one differnce between sacrificing ratio and Gaining ratio
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Sacrificing ratio is calculated at the time of the admission of the partner. Gaining ratio is calculated at the time of death or retirement of the partner. It is calculated to determine the amount of compensation to be paid by the incoming partner to the sacrificing partner as premium for goodwill or goodwill.
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Explanation:
Sacrificing ratio is calculated at the time of the admission of the partner. Gaining ratio is calculated at the time of death or retirement of the partner. It is calculated to determine the amount of compensation to be paid by the incoming partner to the sacrificing partner as premium for goodwill or goodwill
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