Retiring partner is compensated by the continuing partners in their

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

Anurag Pathak28.37K 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

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1 Answer

Anurag Pathak28.37K 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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