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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.



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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)

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