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

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyReconstitution of Partnership (Admission of Partner)1 Mark
Question
What is the sacrifice ratio?
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Answer

A ratio that is surrendered or given up by the old partners in favour of a newly admitted partner is called the sacrifice ratio.

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