A partner retires from the partnership firm on 30^th June. He is liable for all the acts of the firm up to the

(a)

End of the current accounting period

(b)

End of the previous accounting period

(c)

Date of his retirement

(d)

Date of his final settlement

On retirement of a partner, general reserve is transferred to the

(a)

Capital account of all the partners

(b)

Revaluation account

(c)

Capital account of the continuing partners

(d)

Memorandum revaluation account

At the time of retirement of a partner, determination of gaining ratio is required

(a)

To transfer revaluation profit or loss

(b)

To distribute accumulated profits and losses

(c)

To adjust goodwill

(d)

None of these

‘ A’ was a partner in a partnership firm. He died on 31^st March 2019. The final amount due to him is Rs. 25,000 which is not paid immediately. It will be transferred to

(a)

A’s capital account

(b)

A’s current account

(c)

A’s Executor account

(d)

A’s Executor loan account

A, B and C are partners sharing profits in the ratio of 4:2:3. C retires. The new profit sharing ratio between A and B will be

(a)

4:3

(b)

3:4

(c)

2:1

(d)

1:2