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  3. 12th Class
  4. Accountancy
  5. Change in Profit Sharing Ratio Among Existing Partner

12th Class Accountancy Change in Profit Sharing Ratio Among Existing Partner Question Bank MCQs - Reconstitution Of a Partnership Firm : Change in Profit Sharing Ratio

  • question_answer
    The ratio in which one or more partners of the firm forgoes i.e., sacrifice their share of profit in favour of one or more partners of the firm is known:

    A) sacrificing ratio   

    B) gaining ratio

    C) no change in ratio

    D) Either a. or b.

    Correct Answer: A

    Solution :

    [a] sacrificing ratio


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