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RP
Question Practice

In a situation where a partner retires mid-year, what should be included in their final settlement?

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 situation where a partner...

Single Answer MCQ
Q-00082282

In a situation where a partner retires mid-year, what should be included in their final settlement?

1

Accumulated losses only

2

Interest on drawings only

3

Share of proportionate profit/loss

4

Only their capital balance

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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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