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What is the correct meaning of gaining ratio?

Answer and explanation

Correct answer: Ratio in which continuing partners acquire extra profit share

Gaining ratio shows the ratio in which continuing partners increased their profit share. It is very useful in goodwill compensation.

Related tags

Gaining RatioConceptGoodwillNew RatiosReconstitution Retirement Or Death Of A PartnerAccountancyClass 12 Mcq

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