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