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. 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 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) You Might Also Like Current Liabilities of a company are Rs. 1,50,000. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. Calculate values of Current Assets, Liquid Assets and Inventory. August 12, 2022 What is meant by Issue of Debentures for Consideration other than Cash? September 29, 2022 Which capital accounts always show a credit balance? (CBSE 2020) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Current Liabilities of a company are Rs. 1,50,000. Its Current Ratio is 3 : 1 and Acid Test Ratio (Liquid Ratio) is 1 : 1. Calculate values of Current Assets, Liquid Assets and Inventory. August 12, 2022