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financial accounting special accounting areas iii| unit 1 partnership final accounts based on adjustment of admission or retirement death of a partner during the year MCQs
Difficulty: Easy
Question 1/7
Question 1
Retiring partner is compensated for parting with the firm’s future profits in favour of remaining partners. The remaining partners contribute to such compensation amount in:
Gaining Ratio
Capital Ratio
Sacrificing Ratio
Profit Sharing Ratio