Question : Choose which of the following statements is correct in relation with gaining ratio.

Option 1: Gaining Ratio is the ratio in which one or more partners gain profit share(s) as a result of sacrificed profit share(s) by one or more partners of the firm.

Option 2: Gained Profit Share = New Profit Share - Old Profit Share

Option 3: Both 1 and 2 

Option 4: None of the above 

Question : Ali and Bali were partners in a firm sharing profit or loss in the ratio of 2:1. With effect from Jan. 1, 2019 they agreed to share profit or loss in the ratio of 3:2. Due to change in profit-loss sharing ratio, Bali’s gain or sacrifice will be:
 

Option 1: Sacrifice 1/15

Option 2: Gain 1/15

Option 3: Gain 1/3

Option 4: Sacrifice 1/3

Question : Which of the following statements is false?

Option 1: New Profit-share = Existing (Old) Profit-share + Profit Share taken of Deceased Partner

Option 2: Gaining ratio = new ratio – old ratio

Option 3: New ratio = old ratio + sacrificing ratio 

Option 4: None of the above

Question : Which of the following statements is false?

Option 1: New Profit-share = Existing (Old) Profit-share + Profit Share taken of Deceased Partner

Option 2: Gaining ratio = new ratio – old ratio

Option 3: New ratio = old ratio + sacrificing ratio 

Option 4: None of the above