CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B

Refer to CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B below. Students of Class 12 Accountancy can do the below online test and refer to the full list of free Class 12 Accountancy Mock Online Test provided below. These online Mock tests for Accountancy in Class 12 have been designed based on the pattern of questions expected to come in the upcoming Class 12 examinations and the latest syllabus issued by CBSE, NCERT and KVS. We have also provided MCQ Questions for Class 12 Accountancy with answers for all topics.

Online Mock Test for Class 12 Accountancy Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner

In the Mock test for Accountancy Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner you can see the list of questions below with options out of which you have to select one correct answer and after completing the test you can check your answers and score. This mock test will help Class 12 students to check understanding of all topics in Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner.

Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner Accountancy Class 12 Mock Test

1. B, P and L sharing profits in the ratio 4:3:2. B retires, P and L decided to share profits in future in the ratio of 5 : 3. Gaining ratio will be :

2. P, Q and R were partners sharing profits in the ratio 2 : 2 : 1. Q retires and the new profit sharing ratio of P and R will be 3 : 1. Gaining ratio will be :

3. Which of the following statement is correct?

4. Revaluation Account is prepared to give effect to

5. On the retirement of Hari from the firm of Hari, Ram and Sharma, the Balance Sheet showed a debit balance of Rs. 12,000 in the Profit and Loss Account. For calculating the amount payable to Hari, this balance will be transferred

6. A, B and C are partners sharing profits in the ratio of 3:2:1, C retired. New profit-sharing ratio will be

7. A, S and C are partners sharing profits in the ratio of 3: 2:1, C retired, and new profit-sharing ratio is 3:2. Gaining ratio will be

8. A, B and C are equal partners in a firm. B retires and the remaining partners decide to share the profits of the new firm in the ratio of 5 : 4. Gaining ratio will be :

9. A, B and C are partners sharing profit or loss in the ratio of 3 : 2 : 1. B retires and after B's retirement A and C agreed to share profit or loss in the ratio of 3 : 2 in future. Their gaining ratio will be :

10. A, B and C are partners sharing profit or loss in the ratio of 4 : 3 : 2. C retires and after C’s retirement A and B agreed to share profit or loss in the ratio of 4 : 3 in future. Their gaining ratio will be :

11. A, B and C were partners sharing profits in the ratio of 4:5:3. C died and remaining partners decided to share profits in the ratio of 7:8, the gaining ratio will be .

12. A, B and C were partners, sharing profit and losses in the ratio of 3:2:1. B died, the firm decided to value the goodwill on the basis of 3 years' purchase of average of 5 years profits. The profits of the firm for the last five years before charging interest on capital were Rs. 11,000, Rs. 9,000, Rs. 11,000, Rs. 7,000 and Rs. 8,000. The capital of the firm stood at Rs. 50,000 and interest rate is 8%. Value of goodwill will be

13. A, B and C are partners sharing profits in the ratio of 1/4 : 3/10 : 9/20. The New ratio on the retirement of C will be :

14. X, y and Z have been sharing profits in the ratio of 4 : 2 : 1 Z retires. X and Y take Z’s share equally. New profit sharing ratio will be :

15. P, Q and R have been sharing profits and losses in the ratio of 5 : 3 : 2. Q retires. His share is taken by P and R in the ratio of 2 : 1. New profit sharing ratio will be:

16. X, Y and Z were partners sharing profits in the ratio of 2:2:1. Y died on 30th June, 2020 and profit for the accounting year ended 31st March, 2020 was Rs. 36,000. If profit share of deceased partner is to be calculated on the basis of previous year's profit, amount of profit credited to Y’s Capital Account will be

17. Choose the odd one:

18. The Partnership Deed does not have a clause on rate of interest to be paid on amount due to heirs of deceased partner. At what rate interest on the outstanding amount shall be payable?

19. On the death of a partner, his share in the profits of the firm till the date of his death is transferred to the

20. A, Band Care partners sharing profit and losses in the ratio of 2:2:1.B died, at that time goodwill of the firm valued at Rs. 30,000. What contribution has to be made by A and C in order to pay B's Executor?

Part 1 Chapter 01 Accounting for Not for Profit Organisation
CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Online Test

CBSE Accountancy Mock online test Class 12 Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner

The above link for CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B will help you to check your understanding of all important concepts which have been prepared based on latest CBSE Class 12 syllabus. The free online mock tests for Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner CBSE Class 12 should be used by students to check their understanding. We bring here the biggest collection of Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner Class 12 Accountancy MCQ Test to help you prepare properly and get highest rank in exams. Students can attempt the mock tests for Class 12 Accountancy as many number of times as they want and also download a passing certificate after they have cleared the online test. These mock online tests for Class 12 Accountancy Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner have been developed by our teachers after thorough review of the latest book and based on pattern of questions in upcoming exams.

Improve your preparation with CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B

The Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner mock online tests for CBSE Class 12 Accountancy has been designed by our teachers to improve your understanding of this chapter. These online mock tests are structured so that it feels like real exam condition for students so that they can build their confidence and accuracy of answers. By daily practicing these MCQ based questions for Class 12 Accountancy with answers students will be able to identify key topics to focus on and improve performance. The mock tests have been updated as per the latest NCERT book for Class 12 Accountancy to help in your exam preparation.

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Follow these simple steps to attempt the test:
a. The CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B has 15-20 questions for Class 12 students as per CBSE Class 12 Accountancy Sample Papers pattern.
b. Each Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner question has four options, students of Class 12 must read the question carefully and choose the correct answer.
c. Answer all questions given above for CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B.
d. Once you have answered all the Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner Class 12 MCQ based questions, click on the Submit button.
e. Your score of Online test for CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B will be shown instantly above.
f. To check your mistakes in MCQ based test for Part 1 Chapter 04 Reconstitution of a Partnership Firm Retirement /Death of a Partner in Accountancy for Class 12, scroll up and see the correct answers.
g. You can attempt the CBSE Class 12 Accountancy Retirement or Death of a Partner Online Test Set B as many times to improve your score in CBSE Class 12 Accountancy exams.

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