Give the formula for calculating Gaining Ratio of a partners in a partnership firm. Post category:Accountancy Reading time:1 mins read SOLUTION Gaining Ratio = New Ratio – Old Ratio. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostDefine Gaining Ratio? Next PostWhat is meant by Gaining Partners? You Might Also Like List any two financing activities that will result into outflow of cash. October 4, 2022 Nirmal and Pawan are partners sharing profits in the ratio of 3: 2. The firm had given loan to Pawan of Rs. 5,00,000 on 1st April, 2021. Interest was to be charged @ 10% p.a. The firm took loan of Rs. 2,00,000 from Nirmal on 1st October, 2021. Before giving effect to the above, the firm incurred a loss of Rs. 10,000 for the year ended 31st March, 2022. Determine the amount to be transferred to Profit and Loss Appropriation Account. September 16, 2022 State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Nirmal and Pawan are partners sharing profits in the ratio of 3: 2. The firm had given loan to Pawan of Rs. 5,00,000 on 1st April, 2021. Interest was to be charged @ 10% p.a. The firm took loan of Rs. 2,00,000 from Nirmal on 1st October, 2021. Before giving effect to the above, the firm incurred a loss of Rs. 10,000 for the year ended 31st March, 2022. Determine the amount to be transferred to Profit and Loss Appropriation Account. September 16, 2022
State any two reasons for the preparation of ‘Revaluation Account’ on the admission of a partner. September 26, 2022
