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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:
Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.
Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.
- a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).
- b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).
- c)Assertion (A) is true, but Reason (R) is false .
- d)Assertion (A) is false, but Reason (R) is true.
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Directions : In the following questions, a statement of Assertion (A)...
Assertion and Reasoning:
Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.
Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.
Explanation:
The Assertion (A) is true because in case of retirement or death of a partner, the remaining partners may decide to continue the business. Thus, they need to compensate the share of the outgoing or dead partner. The gaining ratio is calculated to determine the amount of compensation to be paid to the outgoing or dead partner. Therefore, there is only a need to find the gaining ratio in case of retirement and death of a partner.
The Reason (R) is also true because the gaining ratio is used by the remaining partners to compensate the share of the outgoing or dead partner. The gaining ratio is the ratio in which the remaining partners will share the future profits and losses of the business. The outgoing or dead partner is entitled to receive their share of the profits and losses up to the date of retirement or death. To compensate the outgoing or dead partner for their share, the remaining partners need to pay an amount equal to the share of the outgoing or dead partner. This amount is calculated using the gaining ratio. Therefore, the Reason (R) is the correct explanation of Assertion (A).
Conclusion:
Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A). Hence, option (a) is the correct answer.
Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.
Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.
Explanation:
The Assertion (A) is true because in case of retirement or death of a partner, the remaining partners may decide to continue the business. Thus, they need to compensate the share of the outgoing or dead partner. The gaining ratio is calculated to determine the amount of compensation to be paid to the outgoing or dead partner. Therefore, there is only a need to find the gaining ratio in case of retirement and death of a partner.
The Reason (R) is also true because the gaining ratio is used by the remaining partners to compensate the share of the outgoing or dead partner. The gaining ratio is the ratio in which the remaining partners will share the future profits and losses of the business. The outgoing or dead partner is entitled to receive their share of the profits and losses up to the date of retirement or death. To compensate the outgoing or dead partner for their share, the remaining partners need to pay an amount equal to the share of the outgoing or dead partner. This amount is calculated using the gaining ratio. Therefore, the Reason (R) is the correct explanation of Assertion (A).
Conclusion:
Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A). Hence, option (a) is the correct answer.
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Directions : In the following questions, a statement of Assertion (A)...
At the time of death or retirement, it is important to determine the gaining ratio of partners, as the gaining partners need to pay the retiring partner or the dead partner’s legal heir.
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?
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Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:Assertion (A): There is only need of finding the gaining ratio in case of retirement and death of a partner.Reason (R): The gaining ratio is used by the remaining partner to compensate the share of the outgoing or dead partner.a)Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).b)Both Assertion (A) and Reason (R) are true, but Reason (R) is not the correct explanation of Assertion (A).c)Assertion (A) is true, but Reason (R) is false .d)Assertion (A) is false, but Reason (R) is true.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce.
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