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State any one difference between Sacrificing Ratio and Gaining Ratio. (C.B.S.E. 2020 C)

  • Post category:Accountancy
  • Reading time:1 mins read

SOLUTION

Sacrificing Ratio is calculated at the time of admission of a new partner, whereas Gaining Ratio is calculated at the time of retirement or death of a partner.



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Previous PostWhy does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014)
Next PostWhy heirs of retiring / deceased partner are entitled to share of goodwill of the firm? (Delhi 2014)

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