Give two circumstances in which the Gaining Ratio is computed. Post category:Accountancy Reading time:1 mins read SOLUTION (i) When a partner retires or dies.(ii) When there is a change in the profit-sharing ratio. Please Share This Share this content Opens in a new window Twitter Opens in a new window Facebook Opens in a new window Google+ 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 PostGive the formula for calculating ‘gaining share’ of a partner in a partnership firm. Next PostA, B and C were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. B retired and his share was taken over by A and C equally. Calculate the gaining ratio. (C.B.S.E. 2019) You Might Also Like Capitals of A, B and C as on 31st March, 2019 amounted to Rs. 90,000, Rs. 3,30,000 and Rs. 6,60,000 respectively. Profit of Rs. 1,80,000 for the year ended 31st March, 2019 was distributed in the ratio of 4 : 1 : 1 after allowing interest on Capital @ 10% p.a. During the year, each partner withdrew Rs. 3,60,000. The Partnership Deed was silent as to profit-sharing ratio but provided for interest on capital @ 12%. Pass the necessary adjustment entry showing the working clearly. July 22, 2022 What is meant by called up Capital? September 28, 2022 State the provisions of Indian Partnership Act regarding the payment of remuneration to a partner for the services rendered. September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.