Accountancy, asked by amitabhbanafer149, 8 months ago

(iii)
Give formula of Gaining Ratio.

Answers

Answered by nisthasaini22

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 namrata3016

0

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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