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Question Practice

Which of the following is NOT a characteristic of the gaining ratio?

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

Which of the following is NOT ...

Single Answer MCQ
Q-00082236

Which of the following is NOT a characteristic of the gaining ratio?

1

It is calculated based on the shares gained.

2

It considers the old profit-sharing ratio.

3

It is used only when a partner retires.

4

It affects only the remaining partners.

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