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
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.
Question : Divya, Vikas and Varun are partners sharing profits in the ratio of 1/2: 1/8: 3/8 respectively. Vikas retires and surrenders 1/9 th from his share in favour of Divya and the remaining in favour of Varun. gaining ratio and new profit-sharing ratio will be :
Question : If the new partner brings his share of goodwill in cash, it will be shared by old partners in -
Question : Which of the following statements is incorrect?
Question : Hari, Mohan and Sohan are partners sharing profit and losses in the ratio of 5:3:2. Mohan died. His share of profit is to be taken by Hari and sohan in the ratio of 2:1. Calculate the new profit-sharing ratio and also calculate the gaining ratio
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