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12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Creative 2 Mark Questions with Solution Part - I Question Bank Software Jun-21 , 2021

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12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Creative 2 Mark Questions with Solution Part - I

12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Creative 2 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Accountancy

Time : 00:30:00 Hrs
Total Marks : 10
    5 x 2 = 10

  1. What is New profit sharing ratio?

  2. Who is an outgoing partner?

  3. How can a partner retire from the firm? (Any two)

  4. Name the account which is opened to credit the share of profit of the deceased partner, till the time of death to his capital account. 

  5. For which share of goodwill, a partner is entitled at the time of his retirement?

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