If the old profit sharing ratio is more than the new profit sharing ratio of a partner the difference is called Options: A . &nbspCapital ratio B . &nbspSacrificing ratio C . &nbspGaining ratio D . &nbspNone of these

If the old profit sharing ratio is more than the new profit sharing ratio of a

Question

If the old profit sharing ratio is more than the new profit sharing ratio of a partner the difference is called

Options:

A . Capital ratio

B . Sacrificing ratio

C . Gaining ratio

D . None of these

Answer: Option B

Submit Your Solution Below and Earn Points !

Next Question

Question 1. The profit or loss on revaluation of assets and liabilities is transferred to the capital account of....

Question 2. At the time of admission the goodwill brought by the new partner may be credited to the capital accounts of....

Question 3. Which of the following statements is not true in relation to admission of a partner....

Question 4. Partnership firms in India are governed under the Partnership Act....

Question 5. At the time of admission of partner, if the book value and the market value of investment is same, the balance in Inves....in Investment Fluctuation Reserve is transferred to which account ?

Question 6. When goodwill existing in the books is written off at the time of admission of a partner....

Question 7. Change in the relationship of existing partners which results coming to an end in agreement and a new agreement coming ....in agreement and a new agreement coming into effect is:

Question 8. Goodwill of the firm of A and B is valued at Rs....

Question 9. In which ration is utilised for distribution of goodwill by existing partner in the case of admission of new partner?....

Question 10. A and B are partners in the ratio of 2:1....

Chapter 1 - GLOBAL STEEL SCENARIO & INDIAN STEEL INDUSTRY Part 1 : (13-04-2024) INDUSTRY AND COMPANY AWARENESS (ICA)

Direction Sense Test Part 1 Reasoning (Hindi)

Chapter 1 - RMHP / OHP / OB & BP Part 1 : (14-02-2024) GPOE

Cube & Cuboid Part 1 Reasoning (Hindi)

Data Interpretation (DI) Basic Concept Reasoning (Hindi)

Counting Figures Part 1 Counting Of Straight Lines Reasoning (Hindi)

Sail E0 free webinar Webinars

Real Numbers Part 7 Class 10 Maths

Real Numbers Part 1 Class 10 Maths

Polynomials Part 1 Class 10 Maths

DSP Combined 1 Free Revision Test SAIL JO E-0

GPOE / GPA Combined 1 Free Revision Test SAIL JO E-0

BSP Plant Specific Review Test SAIL JO E-0

BSL Combined 1 Free Revision Test SAIL JO E-0

GFM Combined 1 Free Revision Test SAIL JO E-0