Chapter: Reconstitution of Partnership (Retirement of Partner)· Book-Keeping & Accountancy

Do you agree or disagree with the statement: On retirement of a partner, sacrifice ratio is considered.

Q.1 (D) (iii) Do you agree or disagree with the statement: On retirement of a partner, sacrifice ratio is considered.

Doubtly Asked 29 Oct 2026 Board exam · July 2025 hsc 12th Save WhatsApp Report

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Answer: Disagree

On retirement the continuing partners gain the share of the retiring partner, so the gain ratio (New ratio – Old ratio) is considered. The sacrifice ratio is used on admission of a partner.

Doubtly AI · 29 Oct 2026 AI-generated · not yet verified Report

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Do you agree or disagree with the statement: On retirement of a partner, sacrifice ratio is considered.

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