Accountancy, asked by preetkaurjashan91, 10 months ago

ratio is used at the time of admission of a
partner and
ratio is used at the time of
retirement.

Answers

Answered by geetapanday902

0

Answer:

I can't understand question

Answered by Yashicaruthvik

1

Answer:

When a partner is 'admitted' only then sacrificing ratio is used.

Sacrificing ratio is calculated only for the existing partners to check the proportion in which they would sacrifice their share for the new partner.

Note: An incoming partner can acquire the share either by purchasing it from the exiting partner/s or by contributing to the assets of the firm.

Explanation:

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