Practicing Success
Practicing Success
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| Why do we calculate the gaining ratio at the time of retirement or death of any partner in the partnership firm? |
To find out the compensation to be paid to remaining partners. To find out the compensation to be paid to retiring or deceased partner. To find out the compensation to be brought by all partners. To find out the compensation to be brought by retiring or deceased partner. |
| To find out the compensation to be paid to retiring or deceased partner. |
| Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit. When the partner retires, the profit sharing ratio of the continuing partners gets changed. |
