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Question
Answer in one Sentence :
What is gaining ratio or benefit ratio?
Solution
Gaining ratio is the ratio in which the continuing partners acquire the deceased partner’s share. It is calculated on the eve of retirement or death of a partner for adjusting the retiring or deceased partner’s share of goodwill. The formula for calculation of gaining ratio is as follows:
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RELATED QUESTIONS
When is gain ratio required to be calculated ?
The proportion in which the continuing partners are benefitted due to retirement of a partner.
How is gain ratio calculated?
Answer in one sentence only.
What is gaining ratio?
Answer in one sentence only.
When is the gaining ratio to be calculated?
State whether the following statements is true or false :
Gaining ratio means old ratio minus new ratio.
Answer in one Sentence :
How is gaining ratio calculated?
Answer in one Sentence :
When is gaining ratio required to be calculated?
Select the most appropriate answer from the alternatives given below :
Gaining ratio is calculated on ___________.
