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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

Gaining share of Continuing Partner =

Options:

Old share - New share

New share + old share

New share - Old share

Old Share + Sacrifice share

Correct Answer:

New share - Old share

Explanation:

The correct answer is Option (3) → New share - Old share

The Gaining Share (or Gaining Ratio) is calculated at the time of the retirement or death of a partner. It represents the increase in the profit share of the continuing partners due to the outgoing partner's share being taken over.

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