Question : Which of the following statements is false?
Option 1: New Profit-share = Existing (Old) Profit-share + Profit Share taken of Deceased Partner
Option 2: Gaining ratio = new ratio – old ratio
Option 3: New ratio = old ratio + sacrificing ratio
Option 4: None of the above
Correct Answer: New ratio = old ratio + sacrificing ratio
Solution : Answer = New ratio = old ratio + sacrificing ratio
The statement "New ratio = old ratio + sacrificing ratio" is false. The correct formula is "New ratio = old ratio – sacrificing ratio." Hence, the correct option is 3.
Question : Choose which of the following statements is correct in respect of Sacrificing Ratio:
Question : Existing Old Profit Share plus Acquired Profit Share is_____________.
Question : The sacrifice ratio is calculated using the following formula -
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