Gaining ratio is defined as ........

General Accounting Principles Partnership

Gaining ratio is defined as

Gaining ratio = New ratio - old ratio

Gaining ratio = old ratio - new ratio

Gaining ratio- new ratio = old ratio

none of the above

Gaining ratio refers to the profit share acquired by the remaining partners after ine person leaves the firm thus giving up his share of profit.

It is denoted as Gaining ratio = New ratio - old ratio

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