Is sacrificing share always equal to the gaining share??
Answers
Answered by
1
Yes, it is.
How is the sacrificing and gaining ratio calculated?
We will calculate the sacrificing share of that partner and hat share will be deducted from his ratio and the deducted ratio will be added to the new partner. That will be his profit sharing ratio. There will be no change in profit sharing ratio of other partners as they are not sacrificing any share.
Answered by
2
Answer:
When the share of new or incoming partner is giving without giving the details of the sacrifice made by the old or existing partners. In this case, we will assume that old partners will make the sacrifice in their old profit sharing ratio. Therefore, sacrificing ratio will always be the old profit sharing ratio ...
Similar questions