Retirement or D...

M, N and H are partners without partnership deed. M wants to get retired. The profit on revaluation on the date was ` 12000.and other partners N and H want to share this in the new ratio 3:2. M wants this to be shared equally How this profit should be shared

Calculation of sharing of profit up to date of death will be calculated on the basis of

If any asset is taken over by a partner at the time of his retirement, how will you record it?

Goodwill given in adjustments (after the balance sheet) will be ____________

Unrecorded Legal charges will be:

If the retiring partner not be paid fully immediately on retirement how should his capital account be shown in subsequent Balance Sheet

A, B and C are partners sharing profit in the ratio of .Calculate the new profit sharing ratio between A and C ,If B retires

A, B and C are partners sharing profit in the ratio of . Calculate Gaining ratio if A retires

Deceased partner’s share of profit is to be transferred to his account by:

Deceased partner’s share of profit is shown in:

Where will you record the loss (upto date of death) due to deceased partner?

When outgoing partner’s share is not settled and business is continued , we follow:

How deceased partners executors account settled:

When Retiring partners balance is treated as loan , in the absence of any information, he will get:

__________ method in which the profits up to the date of death for the current year are calculated on the basis of current year's sales up to the date of death by using the formula

L, M and N are partners sharing profit and losses in the ratio of 25:15:9 . M retires. It is decided that the profit sharing ratio between remaining partner will be the same as existing between M and N after the retirement of L. Calculate Gaining ratio

Which of the following item is not shown in the credit side of deceased partner’s capital account?

Amount due to a deceased partner shown by his Capital Account is transferred to ____ account

How will you transfer the due amount to the loan account of retiring partner?

Partner’s Capital Account will be debited in case of ____________

Treatment of General Reserve at the time of retirement is:

When amount due to retiring partner is paid with interest, it will be paid through which account?

Which of the following is not prepared at the time of retirement of a partner?

What journal entry will be recorded when cash paid to retiring partner (for his due amount) at the time of retirement?

Bad debts recovered will be recorded in: