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RP
Question Practice

Which account is debited to signify the partnership's accumulated losses upon a partner's retirement?

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

Which account is debited to si...

Single Answer MCQ
Q-00082281

Which account is debited to signify the partnership's accumulated losses upon a partner's retirement?

1

Partners' Capital A/c

2

Profit and Loss A/c

3

General Reserve A/c

4

Accumulated Losses A/c

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Q1.

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

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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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