There are two statements marked as Assertion (A) and Reason (R). Mark your answer as per the codes provided below-
Assertion: There is need of finding the sacrificing ratio in case of retirement and death of a partner.
Reasoning: The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.
Answer & explanation
Correct answer: option 4
Sacrificing ratio is find out in case of admission of a partner. In case of retirement, gaining ration is to be found.