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प्रश्न
Gain ratio is calculated at the time of admission of new partner.
पर्याय
Agree
Disagree
MCQ
चूक किंवा बरोबर
उत्तर
I Disagree with the given statement.
Explanation:
The gain ratio is calculated at the time of retirement or death of a partner, not during the admission of a new partner. It represents the share of profit gained by the remaining partners when an existing partner exits the firm. During the admission of a new partner, the sacrifice ratio is calculated instead, which shows the proportion of profit surrendered by the old partners.
shaalaa.com
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