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What is Gaining Ratio
Answers
Answer:
financial tool that helps to measure the proportion in which a firm's remaining partners acquire the retiring partner or deceased partner's shares
Explanation:
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Answer:
Gaining ratio is a financial tool that helps to measure the proportion in which a firm's remaining partners acquire the retiring partner or deceased partner's shares. It can also be described as the difference between the old profit sharing ratio and the new profit sharing ratio of partners.
Definition: It is the proportion in which the remaining partners of a firm acquire the sh...
Objective: It comes in handy for calculating the extent of compensation that will be p...
Formula: The formula of gaining ratio = New profit sharing ratio – Old profit sharing r...
Time of calculation: It is calculated in the event of death or at the time of retirement of a ...
Explanation:
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