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RP
Question Practice

In partnerships, what is usually a key distinction between gaining and sacrificing ratios?

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

In partnerships, what is usual...

Single Answer MCQ
Q-00082246

In partnerships, what is usually a key distinction between gaining and sacrificing ratios?

1

Gaining ratio only involves the retiring partner.

2

Sacrificing ratio shows how a partner loses share.

3

Both ratios are calculated alike.

4

Gaining ratio affects only a single partner.

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Q1.

What are the different ways in which a partner can retire from a firm?

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Explain the treatment of goodwill at the time of retirement or on the event of death of a partner.

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Q3.

How will you compute the amount payable to a deceased partner?

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Q4.

Discuss the various methods of computing the share in profits in the event of death of a partner.

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