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Question Practice

What is the primary purpose of calculating the sacrificing ratio in a partnership?

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 the primary purpose of...

Single Answer MCQ
Q-00082134

What is the primary purpose of calculating the sacrificing ratio in a partnership?

1

To distribute profits equally

2

To adjust for the goodwill brought in by a new partner

3

To determine the share capital

4

To assess the firm's liability

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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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