Read and download free pdf of CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set D. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner in PDF format prepared as per the latest syllabus and examination pattern in your schools. Class 12 students should practice questions and answers given here for Accountancy in Class 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by teachers as per the latest Accountancy books and syllabus issued this academic year and solve important problems with solutions on daily basis to get more score in school exams and tests
Worksheet for Class 12 Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner
Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner in Class 12. This test paper with questions and answers for Class 12 will be very useful for exams and help you to score good marks
Class 12 Accountancy Worksheet for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner
Very Short Answer Type Questions
Short Answer Type Questions
Question : An existing partner may wish to withdraw from a firm for various reasons.
Question : The amount due to a retiring partner will be the total of :-
a. His capital in the firm
b. His share in firm’s accumulated profits and losses.
c. His share of profit or loss on revaluation of assets and liabilities
d. His share of profits till the date of retirement
e. His remuneration and interest on capital.
f. His share in firm’s goodwill.
3. The ratio in which the continuing (remaining) partners have acquired the share from the outgoing partner is called gaining ratio.
GAIN RATIO = NEW RATIO – OLD RATIO
Question : Share of goodwill of outgoing partner will be debited to gaining partners in their gaining ratio.
i. When goodwill already appear in the books of firm
Old Partners’ capital A/c Dr.
To goodwill A/c
(old profit sharing ratio)
ii. Share of retire partner in goodwill
Gaining partners’ capital A/c Dr.
To Retiring partner’s capital A/c
(Gain Ratio)
CBSE Class 12 Accountancy Accounting for Not for Profit Organisation Worksheet |
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A |
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B |
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set A |
CBSE Class 12 Accountancy Admission Of Partner Worksheet Set B |
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set A |
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set B |
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set C |
CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set D |
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set A |
CBSE Class 12 Accountancy Dissolution Of Partnership Firm Worksheet Set B |
CBSE Class 12 Accountancy Share Capital Worksheet Set A |
CBSE Class 12 Accountancy Share Capital Worksheet Set B |
CBSE Class 12 Accountancy Debentures Worksheet |
CBSE Class 12 Accountancy Financial Statements Of Company Worksheet |
CBSE Class 12 Accountancy Financial Analysis And Tools For Financial Analysis Worksheet |
CBSE Class 12 Accountancy Ratio Analysis Worksheet |
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A |
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B |
Worksheet for CBSE Accountancy Class 12 Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner
We hope students liked the above worksheet for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner designed as per the latest syllabus for Class 12 Accountancy released by CBSE. Students of Class 12 should download in Pdf format and practice the questions and solutions given in the above worksheet for Class 12 Accountancy on a daily basis. All the latest worksheets with answers have been developed for Accountancy by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their class tests and examinations. Expert teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. After solving the questions given in the worksheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers. We have also provided a lot of MCQ questions for Class 12 Accountancy in the worksheet so that you can solve questions relating to all topics given in each chapter.
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