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    what is meant by gain ratio on retirement of a partner

    Mann 30th Nov, 2019
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    Answer (1)
    priyaankasarkar Student Expert 30th Nov, 2019
    Dear, Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit. When the partner retires, the profit sharing ratio of the continuing partners gets changed.
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