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Question
Answer in one Sentence :
When is gaining ratio required to be calculated?
Solution
Gaining ratio needs to be calculated at the time of retirement or death of a partner for adjusting the retiring (or deceased) partner’s share of goodwill.
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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 :
What is gaining ratio or benefit ratio?
Answer in one Sentence :
How is gaining ratio calculated?
Select the most appropriate answer from the alternatives given below :
Gaining ratio is calculated on ___________.
