In what ratio does the outgoing partner be compensated by remaining partners for the goodwill contributed by him?

Profit Sharing ratio

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Sacrificing Ratio

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Capital ratio

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Gaining Ratio

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Solution

The correct option is D
Gaining Ratio

The outgoing partner be compensated by remaining partners for the goodwill contributed by him in the gaining ratio of remaining partners.

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Similar questions

Q. Outgoing partner is compensated for parting with firm's future profits in favour of remaining partners. In what ratio do the remaining partners contribute to such compensation amount?

Q. is allowed to compensate partners for contributing capital more than the profit sharing ratio.

Q. The new partner brings cash for his share of goodwill and the same is shared by the old partners in their sacrificing ratio. The method is called __________.

Q. The ratio in which the remaining partners acquire the outgoing partner's share of profit is called ratio.

If the value of goodwill is Rs. 3,00,000. The PSR of A, B and C is 1:1:1. A retires and new profit sharing ratio is 1:1. B and C Capital accounts will be debited with what amount?

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In what ratio does the outgoing partner be compensated by remaining partners for the goodwill contributed by him?

The correct option is D Gaining Ratio The outgoing partner be compensated by remaining partners for the goodwill contributed by him in the gaining ratio of remaining partners.

The correct option is D
Gaining Ratio

The outgoing partner be compensated by remaining partners for the goodwill contributed by him in the gaining ratio of remaining partners.