What formula is used for calculation new profit sharing ratio on retriment of partner?
Answers
Answered by
0
Answer:
Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit. When the partner retires, the profit sharing ratio of the continuing partners gets changed.
Answered by
8
Answer:
Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit. When the partner retires, the profit sharing ratio of the continuing partners gets changed.
Explanation:
Similar questions