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

gaining

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retiring

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sacrificing

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new

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Solution

The correct option is A gaining
Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit. When the partner retires, the profit sharing ratio of the continuing partners gets changed.

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Similar questions

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

The outgoing partners` capital account is credited with the ______________ according to the profit sharing ratio

3 : 2 : 1 : 4

3 : 2

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