partnership accounts
This query is : Resolved
05 June 2009
Sir, explain me how to calculate the profit gaining ratio, and sacrificing ratio .
05 June 2009
Literally
(Old profit sharing ratio - revised profit sharing ratio)
* if the result is positive it is gaining ratio.
* if the result is negative it is sacrificing ratio.
Literally
(Old profit sharing ratio - revised profit sharing ratio)
* if the result is positive it is gaining ratio.
* if the result is negative it is sacrificing ratio.
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