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Question Practice

In a partnership, if a partner dies and their share is not properly accounted for, what financial aspect may be affected?

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

In a partnership, if a partner...

Single Answer MCQ
Q-00082324

In a partnership, if a partner dies and their share is not properly accounted for, what financial aspect may be affected?

1

Goodwill valuation

2

Total equity of the firm

3

Gaining ratio

4

All of the above

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Continue with nearby questions to strengthen the same chapter concept while you still have the context fresh in mind.

Q1.

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

Single Answer MCQ
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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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