Accountancy Part AReconstitution of Partnership Firm: Retirement and Death

In the event of the death of a partner, the ratio in which the contin…

In the event of the death of a partner, the ratio in which the continuing partners acquire the share from the deceased partner is called..........

Answer & explanation

Correct answer: option 1

The correct answer is Option (1) → Gaining Ratio

NCERT (2026-27 edition):
Gaining Ratio – “The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called the gaining ratio.”