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RP
Question Practice

After Suresh’s retirement, Naveen and Tarun decide to share profits equally. How should they recalculate their new ratios?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

After Suresh’s retirement, Nav...

Single Answer MCQ
Q-00082166

After Suresh’s retirement, Naveen and Tarun decide to share profits equally. How should they recalculate their new ratios?

1

Divide old ratios equally

2

Use a weighted average

3

Shift all profits to one partner

4

Assign 50% to each

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Q1.

What are the different ways in which a partner can retire from a firm?

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Q2.

Explain the treatment of goodwill at the time of retirement or on the event of death of a partner.

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Q3.

How will you compute the amount payable to a deceased partner?

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Q4.

Discuss the various methods of computing the share in profits in the event of death of a partner.

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