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RP
Question Practice

Which accounting treatment is adopted towards the deceased partner's share of goodwill?

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MCQ_SA
CBSE
Class 12
Accountancy
Accountancy Part - I
Reconstitution of a Partnershi...
Question Bank

Which accounting treatment is ...

Single Answer MCQ
Q-00082328

Which accounting treatment is adopted towards the deceased partner's share of goodwill?

1

It is recorded in the books of accounts

2

It is not recorded at all

3

It is distributed as per the old ratio

4

It becomes a liability

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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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