Question

The formula of Calculating of gaining - Ratio is.
a) Old Share - New Share bl New Shaw - old share
c) old shave + New shall d) old share 1 New shave​

Answer 1

Answer:

Gaining Ratio is calculated at the time of retirement or death of partner which is given by retired partner to the partners who are still exist in partnership firm.

New ratio - It is the ratio which is calculated at the time of reconstitution of a firm i.e., at the time of admission of new partner and retirement or death of an existing partner.

Old ratio - It is the ratio for sharing profit and loss which was decided at the time of coming into partnership.

Formula of Gaining ratio = New ratio - Old ratio

Explanation:

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