Why is Gaining Ratio calculated? Post category:Accountancy Reading time:1 mins read SOLUTION Gaining ratio is required because the continuing partners will pay the amount of goodwill to the retiring partner in their gaining ratio. 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 PostState two basis lor determination of Profits from the date oflast Balance Sheet to the date of death/retirement. Next PostWhy are assets and liabilities revalued at the time of retirement of a partner? You Might Also Like For which share of goodwill a partner is entitled at the time of his retirement? September 27, 2022 On the retirement of a partner how is the profit-sharing ratio of remaining partners decided? September 27, 2022 What is Working Capital? October 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
On the retirement of a partner how is the profit-sharing ratio of remaining partners decided? September 27, 2022