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RP
Question Practice

In a partnership with three partners, if one partner retires, how is the accumulated profit treated?

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 with three pa...

Single Answer MCQ
Q-00082290

In a partnership with three partners, if one partner retires, how is the accumulated profit treated?

1

Equally divided among all partners

2

Transferring to leaving partner’s account

3

Remaining partners share in old ratio

4

Ignored during transition

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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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