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Reconstitution of Partnership (Death of Partner) — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyReconstitution of Partnership (Death of Partner)1 Mark
Question
How is the gain ratio calculated?
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Answer

The gain ratio is calculated by using the formula:
Gain Ratio = New Ratio – Old Ratio.

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