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Pro-Rata Basis of Allotment

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Question

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

The proportion in which old partners make a sacrifice.

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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.

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Pro-Rata Basis of Allotment

Standard XII Accountancy

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