Give the formula for calculating ‘gaining share’ of a partner in a partnership firm. Post category:Accountancy Reading time:1 mins read SOLUTION Gaining Share = New Profit Share- Old Profit Share. 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 PostWhy do we calculate Gaining Ratio? Next PostGive two circumstances in which the Gaining Ratio is computed. You Might Also Like Kumar, Verma and Naresh were partners in a firm sharing Profits and Losses in the ratio of 3: 2: 2. On 23rd January, 2015 Verma died. Verma’s share of profit till the date of his death was calculated at Rs. 2350. Pass necessary Journal entry for the same in the books of the firm. August 4, 2022 Calculate Cash Flow from Operating Activities from the following information. August 18, 2022 In the absence of provision in the Partnership Deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the other partners? (CBSE 2019) October 7, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Kumar, Verma and Naresh were partners in a firm sharing Profits and Losses in the ratio of 3: 2: 2. On 23rd January, 2015 Verma died. Verma’s share of profit till the date of his death was calculated at Rs. 2350. Pass necessary Journal entry for the same in the books of the firm. August 4, 2022
In the absence of provision in the Partnership Deed, in which ratio is the deficiency arising out of guarantee of profit to a partner borne by the other partners? (CBSE 2019) October 7, 2022