Practicing Success

Target Exam

CUET

Subject

Accountancy

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:
Which of the following is calculated at the time of retirement of a partner?
Options:
Sacrifice of retiring partner
Sacrifice of employees
Gaining ratio
Purchase goodwill
Correct Answer:
Gaining ratio
Explanation:
The gaining ratio is calculated at the time of the Retirement of the partner.