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Question Practice

What is a 'sacrificing ratio' in partnerships?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

What is a 'sacrificing ratio' ...

Single Answer MCQ
Q-00082068

What is a 'sacrificing ratio' in partnerships?

1

Ratio of profits sacrificed by exiting partners

2

Ratio determining the capital contributions of partners

3

Ratio reflecting old partners’ profit share after addition

4

Ratio for distributing losses incurred by the firm

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Q3.

When can a new partner be admitted into a partnership firm?

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Q4.

What rights does a newly admitted partner acquire in a partnership firm?

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