Home
Class 12
ACCOUNTS
Retring partner is compensated for parti...

Retring partner is compensated for parting with the firm's future profits in favour of remaining partners. The remaining partners contribute to such compensation amount in :

A

Gaining Ratio

B

Capital Ratio

C

Scrificing Ratio

D

Profit Sharing Ratio

Text Solution

Verified by Experts

The correct Answer is:
A
Doubtnut Promotions Banner Mobile Dark
|

Topper's Solved these Questions

  • REDEMPTION OF DEBENTURES

    DK GOEL|Exercise MCQ|6 Videos

  • WRITING OFF DISCOUNT/LOSS ON ISSUE OF DEBENTURES

    DK GOEL|Exercise ILLUSTRATION 4.|1 Videos

Similar Questions

Explore conceptually related problems

On the retirement of a partner how is the profit-sharing ratio of the remaining partners decided ?

The relation of partner with the firm is that of :

Knowledge Check

  • Retiring partner is compensated by the continuing partners in their

    A
    Gaining Ratio
    B
    Capital Ratio
    C
    Sacrificing Ratio
    D
    Profit-sharing Ratio

  • Retiring partner is compensated by the continuing partners in their

    A
    Gaining Ratio.
    B
    Capital Ratio.
    C
    Sacrificing Ratio.
    D
    Profit - sharing Ratio.

  • The ratio in which old partners agree to surrender their shares in profit in favour of new partner is called

    A
    sacrificing ratio
    B
    gaining ratio
    C
    Profit-sharing Ratio
    D
    Capital Ratio

    • Similar Questions

    Explore conceptually related problems

    Who should compensate whom in case of a change in profit sharing ratio of existing partners.

    In which ratio do the remaining partners acquire the share of deceased partner?

    The ratio in which old partners agree to surrender their shares in profit in favour of new partner is called

    Accumulated profits on the retirement of a partner are

    Accumulated profits on the retirement of a partner are

    Home
    Profile