The ratio at which the continuing partners take up the retiring partner's share is _________.

gaining ratio

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sacrificing ratio

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profit sharing ratio

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loss sharing ratio

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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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The ratio at which the continuing partners take up the retiring partner's share is _________.

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.