Question :
Gaining ratio means
Option 1: Old ratio-sacrificing ratio
Option 2: New ratio- sacrificing ratio
Option 3: New ratio–old ratio
Option 4: Old ratio–New ratio
Answer (1)
12th Jan, 2024
Correct Answer: New ratio–old ratio
Solution : Answer = New ratio – old ratio
The gaining ratio in a partnership refers to the difference between the new ratio and the old ratio of the partners. It signifies the change in ownership or profit-sharing arrangement among the partners due to admission, retirement, or change in profit-sharing ratios within the firm.
Hence, the correct option is 3.
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