Question

sacrifice ratio is used to distribute___in case of admissions of the partners?​

Answer 1

Answer:

When the existing partners of a partnership firm agree to change the share of profit among themselves. 2. When a new partner is admitted in the partnership firm and the amount of the goodwill brought by him/her is transferred among the old partners in sacrificing ratio of the old partners.

Explanation:

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Answer 2

The sacrificing ratio is used to distribute goodwill in case of admissions of the partners.

• The sacrificing ratio is the ratio in which the old partners sacrifice a part of their share for the new partner at the time of admission.
• The new partner brings in a certain amount in the form of goodwill which compensates the old partners for the sacrifice made.
• This amount is divided between the old partners and is credited to their capital accounts.