Why do we calculate Gaining Ratio? Post category:Accountancy Reading time:1 mins read SOLUTION The objective of calculating Gaining Ratio is to find out the compensation to be paid by each of the remaining partners to the retiring 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 PostWhat is meant by ‘Gaining Ratio’ on retirement of a partner? (C.B.S.E. 2019) Next PostGive the formula for calculating ‘gaining share’ of a partner in a partnership firm. You Might Also Like A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2019, their capitals were Rs. 8,000 and Rs. 10,000 respectively. On that date, they admit C in partnership and give him 1/4th share in the future profits. C brings Rs. 8,000 as his capital and Rs. 6,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Draft the journal entries and show the Capital Accounts of all the Partners. Calculate proportion in which partners would share profits and losses in future. August 1, 2022 Calculate Cash Flow from Operating Activities from the following information: INCOME STATEMENT (STATEMENT OF PROFIT AND LOSS) for the year ended 31st March, 2019. August 18, 2022 Following is the extract from the Balance Sheet of Zee Ltd .: August 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2019, their capitals were Rs. 8,000 and Rs. 10,000 respectively. On that date, they admit C in partnership and give him 1/4th share in the future profits. C brings Rs. 8,000 as his capital and Rs. 6,000 as goodwill. The amount of goodwill is withdrawn by the old partners in cash. Draft the journal entries and show the Capital Accounts of all the Partners. Calculate proportion in which partners would share profits and losses in future. August 1, 2022
Calculate Cash Flow from Operating Activities from the following information: INCOME STATEMENT (STATEMENT OF PROFIT AND LOSS) for the year ended 31st March, 2019. August 18, 2022