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Question
On what occasions sacrificing ratio is used?
On what occasions sacrificing ratio is used?
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Solution
The sacrificing ratio is used in the following occasions:
(i) First, at the time when the existing partners feel like changing the existing profit sharing ratio.
(iii) Second, when a new partner is admitted in the partnership firm and the amount of goodwill brought by him/her is transferred among the old partners in sacrificing ratio of the old partners.
The sacrificing ratio is used in the following occasions:
(i) First, at the time when the existing partners feel like changing the existing profit sharing ratio.
(iii) Second, when a new partner is admitted in the partnership firm and the amount of goodwill brought by him/her is transferred among the old partners in sacrificing ratio of the old partners.
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