Accountancy, asked by rutujacpatil1008, 5 months ago

How is Gain Ratio calculated?

Answers

Answered by rajeshwari46

1

Answer:

Gaining ratio is calculated at the time of retirement or death of a 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.

Answered by rashidkhna73

2

Answer:

Gaining ratio is calculated at the time of retirement or death of a 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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