SELECT * FROM question_mgmt as q WHERE id=1406 AND status=1 SELECT id,question_no,question,chapter FROM question_mgmt as q WHERE courseId=3 AND subId=11 AND chapterId=136 and ex_no='1' AND status=1 ORDER BY CAST(question_no AS UNSIGNED) CBSE Free NCERT Solution of 12th accountancy Reconstitution of a Partnership Firm - Admission of a Partner on what occasions sacrificing ratio is used

Question:

On what occasions sacrificing ratio is used?

Answer:

The sacrificing ratio is used in following situation:

1) When the existing partners of a partnership firm mutually agrees on change of profit sharing ratio.

2) when a new partner is admitted and amount of goodwill brought by him or her is transferred among the old parners in sacrificing ratio of the old partners.


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