12th Class Accountancy Sample Paper Accountancy - Sample Paper-4

  • question_answer
    Distinguish between sacrificing ratio and new profit sharing ratio.

    Answer:

    Difference between sacrificing ratio and new profit sharing ratio is:
    Sacrificing Ratio New Profit Sharing Ratio
    It is the ratio in which the old partners agree to sacrifice their share in profits in favour of a new partner. It is the ratio in which all partners including the incomeing partner share the future profits and losses.


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