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Answer in One Sentence : How is Gaining Ratio Calculated? - Book Keeping and Accountancy

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Question

Answer in one Sentence :
How is gaining ratio calculated?

One Line Answer

Solution

Gaining ratio is calculated as the difference between the new ratio and old ratio. The formula for calculation of gaining ratio is as follows:

Gaining Ratio = New Ratio – Old Ratio
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Retirement Or Death of a Partner - Gain Ratio
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Chapter 5: Reconstitution of Partnership (Death of Partner) - Exercise 1 [Page 140]

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Micheal Vaz Book Keeping and Accountancy [English] 12 Standard HSC Maharashtra State Board
Chapter 5 Reconstitution of Partnership (Death of Partner)
Exercise 1 | Q 2 | Page 140
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