why gaining ratio calculated
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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.
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Answered by
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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.
ʜᴏᴩᴇ ʜᴇʟᴩᴇᴅ ꜰᴏʀ yᴏᴜ....
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