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 : 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 : Existing Old Profit Share plus Acquired Profit Share is_____________.

Option 1: Old ratio

Option 2: New profit sharing ratio

Option 3: Gaining ratio

Option 4: None of the above

Question : Existing Old Profit Share plus Acquired Profit Share is_____________.

Option 1: Old ratio

Option 2: New profit sharing ratio

Option 3: Gaining ratio

Option 4: None of the above

Question : The sacrifice ratio is calculated using the following formula -

Option 1: New share – Old share

Option 2: Old Ratio – Gaining Ratio

Option 3: Gaining Ratio – Old Ratio

Option 4: Old share – New share