Accountancy Part AReconstitution of Partnership Firm: Retirement and Death

The ratio in which the continuing partners have acquired the share fr…

The ratio in which the continuing partners have acquired the share from the deceased partner is known as .......

Answer & explanation

Correct answer: option 4

The correct answer is Option (4) → Gaining Ratio

NCERT (2026-27 edition):
Gaining Ratio – “The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called the gaining ratio.”