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easyMCQCUET Accountancy 2025 22 May Shift 12026Accountancy
1 mark

In the event of the death of a partner, the ratio in which the continuing partners acquire the share from the deceased partner is called .......

  1. A
    Gaining Ratio
  2. B
    New Profit sharing Ratio
  3. C
    Capital ratio
  4. D
    Sacrificing Ratio

Solution & Step-by-step Explanation

The specific ratio in which surviving/continuing partners take over and absorb the profit-sharing proportions of a deceased or retired partner is defined as the Gaining Ratio.

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In the event of the death of a partner, the ratio in which the continuing partners acquire the share from the deceased partner is called .......
A
Gaining Ratio
B
New Profit sharing Ratio
C
Capital ratio
D
Sacrificing Ratio

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PartnershipRetirement/DeathRatios

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