Accountancy Part AAdmission of a Partner

The ratio in which the old partners agree to give their share of prof…

The ratio in which the old partners agree to give their share of profit in favor of the incoming partner is called............

Answer & explanation

Correct answer: option 3

The correct answer is Option (3) → Sacrificing Ratio

NCERT (2026-27 edition):
Sacrificing Ratio – “The ratio in which the old partners agree to sacrifice their share of profit in favour of the incoming partner is called sacrificing ratio.”