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Chapter 5, Reconstitution of Partnership, (Death of Partner), [Latest edition],

14 Dec 2020 4:46 pm

Chapter 5 – Reconstitution of Partnership (Death of Partner) [Latest edition] Balbharati Solutions for Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board.

Balbharati solutions for Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board

Chapter 5 – Reconstitution of Partnership (Death of Partner) [Latest edition]

Chapter 5 – Reconstitution of Partnership (Death of Partner) [Latest edition] Balbharati Solutions for Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board.

Balbharati solutions for Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board

Chapter 5 – Reconstitution of Partnership (Death of Partner) [Latest edition]

Benefit Ratio is the Ratio in which _______________

The old partner gain on the admission of a new partner

The Goodwill of a new partner on admission is credited to old partners

The continuing partner’s benefits on retirement or death of a partner

All partners are benefited

The ratio by which existing partners are benefited __________ 

Gain Ratio

Sacrifice Ratio

Profit Ratio

Capital Ratio

Profit and Loss Suspense Account is shown in the new Balance Sheet on _______________ side.

Debit

Credit

Asset

Liabilities

Death is a compulsory_____________

Dissolution

Admission

Retirement

Winding-up

The balance on the capital account of partners, on his death, is transferred to____________ account.

Relatives

Legal Heir’s loan / Executors loan

Partner’s capital

Partners Loan


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