Accountancy, asked by kn2030848, 6 months ago

Why gain ratio is required on retirement of a partner

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Answered by Anonymous

Gaining ratio is required to calculate the amount by which gaining partners' capital accounts are to be debited to compensate for sacrificing partner. Gaining ratio is required to make adjustment of the present value of goodwill among partners.

Answered by 1984premakumari

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Why gain ratio is required on retirement of a partner​

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Why gain ratio is required on retirement of a partner