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RP
Question Practice

What happens to the profits earned after a partner retires?

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

What happens to the profits ea...

Single Answer MCQ
Q-00082177

What happens to the profits earned after a partner retires?

1

Shared equally among all partners

2

Transferred to the retired partner

3

Shared according to the new profit sharing ratio

4

Ignored completely

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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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