Question

The proportion in which the continuing partners benefit due to retirement of partner. Answer in a word / phrase / term.

Answer 1

IN THERE PROFIT SHARING RATIO

Answer 2

Explanation:

The proportion in which the continuing partners benefit from a partner's retirement is called the gain ratio.

The ratio gain is calculated at a partner's retirement or death. It is the ratio in which the other partners acquire the profit share of the outgoing partner. The profit sharing ratio of the ongoing partners is altered when the partner retires. The mathematical equation for the same is -

Gaining Ratio = New Ratio – Old Ratio