Question : New Ratio =
Option 1: Old Ratio – Sacrificing Ratio
Option 2: Old Ratio – Gaining Ratio
Option 3: Both 1 and 2
Option 4: None of the above
Correct Answer: Old Ratio – Sacrificing Ratio
Solution : Answer = Old Ratio – Sacrificing Ratio
When a new partner is admitted to a partnership firm, the sacrificing ratio is calculated by subtracting the old ratio from the new ratio. This helps determine the extent to which existing partners sacrifice their share in favour of the new partner. Hence, the correct option is 1.
Question : ‘Gaining Ratio’ means -
Option 1: Old Ratio – New Ratio
Option 2: Old Ratio – Sacrificing Ratio
Option 3: New Ratio – Old Ratio
Option 4: New Ratio – Sacrificing Ratio
Question : Choose which of the following statements is correct in respect of Sacrificing Ratio:
Option 1: Old ratio – New ratio
Option 2: New Ratio – Old Ratio
Option 3: Old Ratio – Gaining Ratio
Option 4: Gaining Ratio – Old Ratio
Question :
Gaining ratio means
Option 1: Old ratio-sacrificing ratio
Option 2: New ratio- sacrificing ratio
Option 3: New ratio–old ratio
Option 4: Old ratio–New ratio
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
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