Home
Class 12
ACCOUNTS
Gaining Ratio is...

Gaining Ratio is

A

Old profit - sharing Ratio less new profit - sharing Ratio.

B

Old profit - sharing Ratio.

C

New profit - sharing Ratio.

D

New profit - sharing Ratio less old profit -sharing Ratio.

Text Solution

Verified by Experts

The correct Answer is:
d
New profit - sharing Ratio less old profit -sharing Ratio.
Promotional Banner

Topper's Solved these Questions

  • MCQ

    TS GREWAL|Exercise Multiple Choice Questions (MCQs)|246 Videos

  • GOODWILL: NATURE AND VALUATION

    TS GREWAL|Exercise EVALUATION QUESTIONS: QUESTIONS WITH MISSING VALUES|2 Videos

  • PRACTICAL ASSIGNMENT

    TS GREWAL|Exercise COLLAGE OF VALUE BASED QUESTIONS|14 Videos

Similar Questions

Explore conceptually related problems

A and B share profits and losses in the ratio of 3:2 With effect from 1st january, 2019, they agreed to share profits equally. Sacrificing ratio and Gaining Ratio will be:

TS GREWAL-MCQ-Multiple Choice Questions (MCQs)
  1. Decrease in liability at the time of retirement of a partner is

    Text Solution

    |

  2. Decrease in the value of assets at time of retirement of a partner is

    Text Solution

    |

  3. Gaining Ratio is

    Text Solution

    |

  4. A, B and C are partner sharing profits in the ratio 4 : 5 : 3 , C ret...

    Text Solution

    |

  5. A, B and C are the partner sharing profits in the ratio 3 : 2 : 1 , C ...

    Text Solution

    |

  6. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1, C ...

    Text Solution

    |

  7. A,B and C are the partners sharing profits in the ratio 3 : 2 : 1,C r...

    Text Solution

    |

  8. A,B and C are three partners in the firm , sharing in the ratio 2 : 2 ...

    Text Solution

    |

  9. A, B and C are partners, Sharing profits and losses in 3 : 2 : 1 , B...

    Text Solution

    |

  10. A, B and C are partners, B retires from the firm , on the date of his ...

    Text Solution

    |

  11. A, B and C are three partner , B retires from the firm , on the date ...

    Text Solution

    |

  12. Claim of the retiring partner is payable in the following form :

    Text Solution

    |

  13. A, B and C are partners sharing profit and losses in the ratio of 2 ...

    Text Solution

    |

  14. A, B and C are partners in the firm , sharing profits in the ratio of ...

    Text Solution

    |

  15. X,Y and Z are partners , Sharing profits in the ratio of 2 : 2 : 1 , Y...

    Text Solution

    |

  16. Retiring partner is compensated by the continuing partners in their

    Text Solution

    |

  17. Accumulated profits on the retirement of a partner are

    Text Solution

    |

  18. Partner 's Capital Account is debited

    Text Solution

    |

  19. At the time of retirement of a partner , gain (profit) on revaluation ...

    Text Solution

    |

  20. As per Section 37 of the Indian Partnership Act , 1932 , the executors...

    Text Solution

    |