Calculation of Ratio of Gain :
On retirement of a partner, the shares of profit to other partners increase. In order to find ratio in which the remaining partners have gained, old shares should be deducted from the new shares of remaining partners.
Calculation of Ratio of Gain :
On retirement of a partner, the shares of profit to other partners increase. In order to find ratio in which the remaining partners have gained, old shares should be deducted from the new shares of remaining partners.