Recent questions tagged retirement of a partner

+1 vote

1 answer

The net amount due to retiring partner will be paid as per the terms of the agreement between the partners.

asked Apr 2, 2019 in Class 12 by kratos

+3 votes

1 answer

The executors will be paid interest on the amount due from the date of partner

asked Mar 25, 2019 in Class 12 by kratos

+1 vote

1 answer

Why is it necessary to revalue assets and reassess liabilities at the time of retirement of a partner?

asked Mar 4, 2019 in Class 12 by kratos

+1 vote

1 answer

Swarna, Swapna and Vidya are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2. Vidya retires from the firm.

asked Feb 21, 2019 in Class 12 by kratos

+2 votes

1 answer

Afterretirement of partner, if the new profit sharing ratio is not given, then old partners will continue to share in the old ratio.

asked Feb 18, 2019 in Class 12 by kratos

+1 vote

1 answer

X wants to retire from the firm. The profit on revaluation of assets on the date of retirement is Rs. 10,000.

asked Feb 4, 2019 in Class 12 by kratos

+3 votes

1 answer

In case of retirement of a partner, for goodwill amount is credited to the capital account of

asked Jan 25, 2019 in Class 12 by kratos

+2 votes

1 answer

State the ratio in which profit or loss on revaluation will be shared by the partners when a partner retires.

asked Dec 31, 2018 in Class 12 by kratos

+2 votes

1 answer

Anil, Basu and Suraj were partners in a firm sharing profits and losses in the ratio of 3:2:1. Suraj decided to retire from the firm.

asked Nov 19, 2018 in Class 12 by kratos

+1 vote

1 answer

P, Q and R are partners sharing profits in the ratio of 7:2:1. P retires, state the Gaining Ratio.

asked Nov 15, 2018 in Class 12 by kratos

+3 votes

1 answer

Why is it necessary to revalue assets and reassess liabilities of a firm in case of admission of a new partner?

asked Nov 10, 2018 in Class 12 by kratos

+1 vote

1 answer

Rahul, Raj and Dev are partners sharing profit in the ratio of 3 : 2 : l. Their balance sheet as on December 31st 2014 is as under:

asked Nov 5, 2018 in Class 12 by kratos

+3 votes

1 answer

In the event of ***** of a partner, the accumulated profits and losses are shered by the partner in their.

asked Oct 25, 2018 in Class 12 by kratos

+1 vote

1 answer

Vani, Rani and Soni are partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Soni retires from the firm.

asked Oct 18, 2018 in Class 12 by kratos

+1 vote

1 answer

Amit, Rama and Chandar are partners in a firm sharing profits and losses in the ratio of 2:2:1. Chandar retires from the business.

asked Oct 13, 2018 in Class 12 by kratos

+3 votes

1 answer

The ratio in which retiring partner’* share is distributed amongst continuing partners is known as gaining ratio.

asked Oct 7, 2018 in Class 12 by kratos

+1 vote

1 answer

Profit or loss on revaluation is borne by

asked Oct 2, 2018 in Class 12 by kratos

+2 votes

1 answer

Why do firm revaluate assets and reassess their liabilities on retirement or on the event of ***** of a partner?

asked Aug 31, 2018 in Class 12 by kratos

+1 vote

1 answer

What is meant by retirement of a partner?

asked Aug 4, 2018 in Class 12 by kratos

+1 vote

1 answer

Amit and Beena were partners in a firm sharing profits and losses in the ratio of 3:1.

asked Aug 1, 2018 in Class 12 by kratos

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