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easyMCQCUET Accountancy 2025 3 June Shift 22026Accountancy
1 mark

At the time of retirement of a partner, the difference between the Old Profit Sharing Ratio and the New Profit Sharing Ratio yields a negative outcome for a remaining partner. It indicates that the:

  1. A
    remaining partner is gaining.
  2. B
    remaining partner is sacrificing.
  3. C
    outgoing partner is sacrificing.
  4. D
    outgoing partner is gaining.

Solution & Step-by-step Explanation


If is negative, it implies that the , meaning the remaining partner's share has increased (the partner is gaining).

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At the time of retirement of a partner, the difference between the Old Profit Sharing Ratio and the New Profit Sharing Ratio yields a negative outcome for a remaining partner. It indicates that the:
A
remaining partner is gaining.
B
remaining partner is sacrificing.
C
outgoing partner is sacrificing.
D
outgoing partner is gaining.

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PartnershipRetirement/DeathGaining Ratio

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