The ratio in which one or more partners of the firm forego, i.e., sacrifice their share of profits in favour of one or more partners of the firm is known as:
The ratio in which one or more partners of the firm forego, i.e., sacrifice their share of profits in favour of one or more partners of the firm is known as:
a) Sacrificing Ratio
b) Gaining Ratio
c) No Change in ratio
d) Either a) or b)
Anurag Pathak Changed status to publish May 5, 2023
Ans – a)
Explanation:-
When a partner sacrifice their share of profits in favour of one or more partner is called sacrificing ratio.
Anurag Pathak Changed status to publish May 3, 2023
