MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Pro-Rata Basis of Allotment

Write the wor...

Question

Write the word/term or phrase which can substitute each of the following statement.

The proportion in which old partners make a sacrifice.

Open in App

Solution

Ratio of Sacrifice

Explanation: The proportion in which the old partners make a sacrifice is regarded as the ratio of sacrifice. It is the amount that is foregone by all the old partners equally or by some of the partners in the agreed share.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Write the word/term or phrase which can substitute each of the following statement.

Account which is credited when goodwill is withdrawn by old partners.

Q. Write the term / word / phrase which can substitute each of the following statement :

The proportion in which the continuing partners benefit due to retirement of partner.

Q. Write the word/term or phrase which can substitute each of the following statement.

Change in the relationship between the partners.

Q. Write the word/term or phrase which can substitute each of the following statement.

Excess actual capital over proportionate capital.

Q. The proportion in which old partners make a sacrifice is called ______.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Mismatch in Demand and Supply

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Pro-Rata Basis of Allotment

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon