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Model Paper 4 — Accountancy STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceAccountancyModel Paper 41 Mark
MCQ
What is gaining ratio:
  • A
    In which profit sharing ratio of gaining partners increase
  • B
    In which profit sharing ratio of gaining partners decrease
  • C
    In which profit sharing ratio of sacrificing partners increase
  • D
    In which profit sharing ratio of sacrificing partners decrease
✓

Answer

(a) In which profit sharing ratio of gaining partners increase
Explanation:
Gaining Ratio is calculated at the time of admission or retirement or death of a partner. It is the excess of the new ratio over the old ratio of old partners except for a retired or deceased partner. The formula for gaining ratio:
Gaining Ratio = New Ratio - Old ratio

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