Retiring Partner is compensated for foregoing his profit share in favour of all or some of the partners remaining as partners. The compensation is paid by the remaining partners in
Retiring Partner is compensated for foregoing his profit share in favour of all or some of the partners remaining as partners. The compensation is paid by the remaining partners in
a) Profit sharing Ratio
b) Gaining Ratio
c) Capital Ratio
d) Sacrificing Ratio
Anurag Pathak Changed status to publish July 2, 2023
Solution:-
Ans – b)
Explanation:-
The remaining partners acquired the retiring partner’s share in the gaining ratio.
Anurag Pathak Changed status to publish July 2, 2023
