The ratio in which the continuing partne

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Reconstitution of Partnership Firm: Retirement and Death

Question:

The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called:

Options:

New profit sharing ratio

Gaining ratio

Sacrificing ratio

Old profit sharing ratio

Correct Answer:

Gaining ratio

Explanation:

The correct answer is Option (2) → Gaining ratio