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easyMCQCUET Accountancy 2025 27 May Shift 22026Accountancy
1 mark

The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called:

  1. A
    New profit sharing ratio
  2. B
    Gaining ratio
  3. C
    Sacrificing ratio
  4. D
    Old profit sharing ratio

Solution & Step-by-step Explanation

The ratio in which continuing partners acquire the profit share of an outgoing (retiring or deceased) partner is known as the Gaining Ratio. It is calculated as:

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The ratio in which the continuing partners have acquired the share from the retiring/deceased partner is called:
A
New profit sharing ratio
B
Gaining ratio
C
Sacrificing ratio
D
Old profit sharing ratio

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