Question : The ratio in which a partner surrenders his share of profit in favour of partners is known as
Option 1: Capital ratio
Option 2: Gaining ratio
Option 3: New profit sharing ratio
Option 4: Sacrifice ratio
Answer (1)
19th Jan, 2024
Correct Answer: Sacrifice ratio
Solution : Answer = Sacrifice ratio
The ratio in which a partner surrenders their share of profit in favor of another partner is known as the sacrifice ratio. It determines the extent to which one partner sacrifices their share of profit to accommodate changes in the profit-sharing arrangement among the partners in a partnership firm.
Hence, the correct option is 4.
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