Outgoing partner is compensated for parting with firm’s future profits in favour of remaining partners. The remaining partners contribute to such compensation in:
A. Gaining Ratio
B. Capital Ratio
C. Sacrificing Ratio
D. Profit-sharing Ratio
Answer:A
Outgoing partner is compensated for parting with firm’s future profits in favour of remaining partners. The remaining partners contribute to such compensation in:
A. Gaining Ratio B. Capital Ratio C. Sacrificing Ratio D. Profit-sharing Ratio