When is the gain ratio to be calculated? (Answer in one sentence)
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➡️At the time of death of a partner in patnership firm.
➡️At the time of death of a partner in patnership firm.
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The gain ratio is calculated at the time of a partner's death or at the time of your retirement. When the partner retires, the remaining partner gains in terms of profit-sharing ratio and it is called gain ratio.
The gain ratio is the difference between the new ratio and the old ratio.
Gaining ratio = Retiring partner's share × Acquisition ratio.
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