MCQs for Accountancy Class 12 Chapter 4 Reconstitution Of A Partnership Firm – Retirement/Death Of A Partner
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About this Question Bank
MCQs for Accountancy Class 12 Chapter 4 Reconstitution Of A Partnership Firm – Retirement/Death Of A Partner is a question bank PDF for CBSE Class 12 Accountancy students, focused on the Retirement or Death of a Partner chapter.
Topics in this chapter include:
- Accounting treatment of goodwill as per AS-26 upon retirement/death
- Calculation of new profit-sharing ratio and gaining ratio upon retirement or death
- Death of a Partner: Computation of profit share up to the date of death (Time and Turnover basis)
- Preparation of Deceased Partner's Capital Account and Executor's Account
- Preparation of Retiring Partner's Capital Account and Settlement of amount due via Loan Account
- Revaluation of assets and reassessment of liabilities upon retirement/death
- Treatment of accumulated reserves, unassigned profits, and losses upon retirement/death
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Frequently asked questions
Is this Retirement or Death of a Partner question bank based on the CBSE Class 12 Accountancy syllabus?
Yes. This PDF contains chapter-wise question bank practice for Retirement or Death of a Partner from the CBSE Class 12 Accountancy syllabus.
Does this PDF contain answers?
Yes. This PDF includes an answer key.
Can I use these questions for board exam preparation?
Students use this question bank for revision, homework, chapter tests and board exam practice. It focuses on Retirement or Death of a Partner.
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