_________ is calculated when a partner retires from the firm.

Sacrificing ratio

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Gaining ratio

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Profit sharing ratio

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Either (A) or (C)

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Solution

The correct option is B Gaining ratio
Gaining ratio is the ratio which is calculated after the retirement or death of the partners. It is opposite to the sacrificing ratio. It is calculated by subtracting the old ratio from the new ratio.

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_________ is calculated when a partner retires from the firm.

The correct option is B Gaining ratioGaining ratio is the ratio which is calculated after the retirement or death of the partners. It is opposite to the sacrificing ratio. It is calculated by subtracting the old ratio from the new ratio.

The correct option is B Gaining ratio
Gaining ratio is the ratio which is calculated after the retirement or death of the partners. It is opposite to the sacrificing ratio. It is calculated by subtracting the old ratio from the new ratio.