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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
When is the gain ratio required to be calculated?
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Answer

The gain ratio is usually calculated at the time of retirement or death of a partner.

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