Give two circumstances in which gaining ratio may be applied. Post category:Accountancy Reading time:1 mins read SOLUTION (i) At the time of retirement of a partner. (ii) At the time of change in profit sharing ratio of existing partners. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is meant by Gaining Partners? Next PostDefine Goodwill. You Might Also Like Pass the necessary journal entry for treatment of Partner’s loan appearing on the assets side of the Balance Sheet in case of dissolution of a partnership firm. (CBSE 2019) October 8, 2022 P, Q and R are partners sharing profits in the ratio of 7: 5: 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio. August 3, 2022 Divya, Yasmin and Fatima are partners in a firm, sharing profits and losses in 11 : 7 : 2 respectively. The Balance Sheet of the firm on 31st March, 2018 was as follows: August 1, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Pass the necessary journal entry for treatment of Partner’s loan appearing on the assets side of the Balance Sheet in case of dissolution of a partnership firm. (CBSE 2019) October 8, 2022
P, Q and R are partners sharing profits in the ratio of 7: 5: 3. P retires and it is decided that profit-sharing ratio between Q and R will be same as existing between P and Q. Calculate New profit-sharing ratio and Gaining Ratio. August 3, 2022
Divya, Yasmin and Fatima are partners in a firm, sharing profits and losses in 11 : 7 : 2 respectively. The Balance Sheet of the firm on 31st March, 2018 was as follows: August 1, 2022