Gaining ratio is applied when ........

Accountancy (Phase -I & II) Ratio analysis

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Gaining ratio is applied when

A partner retires

A partner is insolvent

A partner is admitted

All of these

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Explanation:

Gaining Ratio. Gaining ratio is calculated at the time of retirement or death of a partner. It is the ratio in which the remaining partners acquire the outgoing partner's share of profit. When the partner retires, the profit sharing ratio of the continuing partners gets changed.