What is meant by ‘Gaining Ratio’ on retirement of a partner? (C.B.S.E. 2019) Post category:Accountancy Reading time:1 mins read SOLUTION Gaining ratio is the ratio in which the remaining, i.e., continuing partners take the retiring partner’s share of profit. 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 retirement of a partner? Next PostWhy do we calculate Gaining Ratio? You Might Also Like Is reserve capital a, part of ‘Unsubscribed Capital’ or ‘Uncalled Capital’. (C.B.S.E. 20 I8) September 28, 2022 Bharat Ltd. was incorporated with a capital of Rs. 2,00,000 divided into shares of Rs. 10 each. 2,000 shares were offered for subscription and out of these, 1,800 shares were applied for and allotted. Rs. 3 per share (including Rs. 1 premium) was payable on application, Rs. 4 per share (including Rs. 1 premium) on allotment, Rs. 2 per share on first call and Rs. 3 per share on final call. All the money was received. Give necessary Journal entries and show share capital in the Balance Sheet. July 13, 2022 Does partnership firm has a separate legal entity? Give reason in support of your answer. September 23, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Is reserve capital a, part of ‘Unsubscribed Capital’ or ‘Uncalled Capital’. (C.B.S.E. 20 I8) September 28, 2022
Bharat Ltd. was incorporated with a capital of Rs. 2,00,000 divided into shares of Rs. 10 each. 2,000 shares were offered for subscription and out of these, 1,800 shares were applied for and allotted. Rs. 3 per share (including Rs. 1 premium) was payable on application, Rs. 4 per share (including Rs. 1 premium) on allotment, Rs. 2 per share on first call and Rs. 3 per share on final call. All the money was received. Give necessary Journal entries and show share capital in the Balance Sheet. July 13, 2022
Does partnership firm has a separate legal entity? Give reason in support of your answer. September 23, 2022