Distinguish between sacrificing ratio and gaining tab. 218 Accountancy – InterviewSolution

1.

Distinguish between sacrificing ratio and gaining tab. 218 Accountancy – Not-for Profit Organisation and Partnership Accounts.

Answer»

Gain ratio	Sacrificing
Acquried from retiring/decreased partner	Give one to new partner
It is calculated at the time retirement or death of partner	It is calculated at the time admission of a partner

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