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

Gaining Ratio

The correct answer is option 1- Gaining Ratio.

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

The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called the gaining ratio. Normally, the continuing partners acquire the share of retiring/deceased partner in their old profit sharing ratio,