State any two differences between sacrifice ratio and gaining ratio
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Answer:
Sacrificing ratio is calculated at the time of the admission of the partner. Gaining ratio is calculated at the time of death or retirement of the partner. It is calculated to determine the amount of compensation to be paid by the incoming partner to the sacrificing partner as premium for goodwill or goodwill.
Explanation:
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Answered by
2
Answer:
Explanation:
☆ Sacrificing ratio is calculated at the time of admission of a partner for acquiring the incoming partner share of goodwill
☆ Sacrificing ratio = old ratio - New ratio
☆ Gaining ratio is calculated ath at the time of retirement / death of a partner for giving the out going partner share of goodwill
☆ Gaining ratio = New ratio - Old ratio
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