Retiring partner is compensated by the continuing partners in their

Anurag Pathak
July 2, 2023
Accountancy Class 12th, MCQs (Retirement)

Anurag Pathak28.60K July 2, 2023 0 Comments

Retiring partner is compensated by the continuing partners in their

a) Gaining Ratio

b) Capital Ratio

c) Sacrificing Ratio

d) Profit Sharing Ratio

Anurag Pathak Changed status to publish July 2, 2023

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1 Answer

Anurag Pathak28.60K Posted July 2, 2023 0 Comments

Ans – a)

Explanation:-

The share of the retiring partner is acquired by the continuing partner in their gaining ratio. Thus the retiring partner is compensated in gaining ratio.

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Retiring partner is compensated by the continuing partners in their

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