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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Admission of a Partner

Question:

What is the formula for calculating the sacrificing ratio?

Options:

New share – Old share

Old share – New share

Gaining Ratio – Old Ratio

Old Ratio – Gaining Ratio

Correct Answer:

Old share – New share

Explanation:

The correct answer is option 2- Old share – New share.

Sacrificing ratio = Old share – New share.

The ratio in which the old partners agree to sacrifice their share of profit in favour of the incoming partner is called sacrificing ratio. The sacrifice by a partner is equal to :
Old Share of Profit – New Share of Profit

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