State any one difference between Sacrificing Ratio and Gaining Ratio. (C.B.S.E. 2020 C) Post category:Accountancy Reading time:1 mins read SOLUTION Sacrificing Ratio is calculated at the time of admission of a new partner, whereas Gaining Ratio is calculated at the time of retirement or death of a partner. 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 does a firm revaluate its assets and reassess its liabilities on retirement or death of a partner? (Foreign 2014) Next PostWhy heirs of retiring / deceased partner are entitled to share of goodwill of the firm? (Delhi 2014) You Might Also Like R Ltd. purchased the assets of S Ltd. for Rs. 5,00,000. It also agreed to take over the liabilities of S Ltd. amounted to Rs. 2,00,000 for a purchase consideration of Rs. 2,80,000. The payment of S Ltd. was made by issue of 9% Debentures of Rs. 100 each at par. Pass necessary journal entries in the books of R Ltd. July 16, 2022 X and Y are partners sharing profits equally. Their Balance Sheet as on 31st March, 2019 is given below : August 2, 2022 Kanika and Gautam are partners doing a dry-cleaning business in Lucknow, sharing profits in the ratio 2: 1 with capitals Rs. 5,00,000 and Rs. 4,00,000 respectively. Kanika withdrew the following amounts during the year to pay the hostel expenses of her son: July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
R Ltd. purchased the assets of S Ltd. for Rs. 5,00,000. It also agreed to take over the liabilities of S Ltd. amounted to Rs. 2,00,000 for a purchase consideration of Rs. 2,80,000. The payment of S Ltd. was made by issue of 9% Debentures of Rs. 100 each at par. Pass necessary journal entries in the books of R Ltd. July 16, 2022
X and Y are partners sharing profits equally. Their Balance Sheet as on 31st March, 2019 is given below : August 2, 2022
Kanika and Gautam are partners doing a dry-cleaning business in Lucknow, sharing profits in the ratio 2: 1 with capitals Rs. 5,00,000 and Rs. 4,00,000 respectively. Kanika withdrew the following amounts during the year to pay the hostel expenses of her son: July 21, 2022