On retirement/ death of a partner, the remaining partners who have gained due to change in
profit sharing ratio should compensate the :
(
This question was previously asked in
Shift 28/05/2023 3:30 PM - 6:30 PM
A
No partner
B
Retiring partner only
C
Remaining partners only (Who have sacrificed.)
D
Remaining partners (who have sacrificed) as well as retiring partner.
Correct Answer
Remaining partners (who have sacrificed) as well as retiring partner.
Detailed Explanation
Gaining Ratio : New Ratio - Old Ratio
The rule is that gaining partners always should compensate the sacrificing partner
A retiring partner is always sacrificng and there can be some cases when remaining partners lose a some part of their share due to change in PSR .
In such case gaining partners compensate the sacrifing partners.
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