New ! Accountancy MCQ Practise Tests



  1. Home
  2. 12th Standard
  3. Accountancy
  4. 12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Book Back 2 Mark Questions with Solution Part - I

Updated 12th Standard Accountancy Study Materials 2022-2023 Exams

12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Book Back 2 Mark Questions with Solution Part - I Question Bank Software Jun-02 , 2021

QB365 provides detailed and simple solution for every Book back Questions in class 12 Accountancy Subject. It will helps to get more idea about question pattern in every book back questions with solution.

12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Book Back 2 Mark Questions with Solution Part - I

12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Book Back 2 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
  •  
  •  
  •  
  •  
  •  
  •  

Accountancy

Time : 00:30:00 Hrs
Total Marks : 10

    Part I

    5 x 2 = 10

  1. What is the purpose of calculating gaining ratio?

  2. Dheena, Surya and Janaki are partners sharing profits and losses in the ratio of 5:3:2. On 31.3.2018, Dheena retired. On the date of retirement, the books of the firm showed a reserve fund of Rs. 50,000. Pass journal entry to transfer the reserve fund.

  3. Kayal, Mala and Neela are partners sharing profits in the ratio of 2:2:1. Kayal retires and the new profit sharing ratio between Nila and Neela is 3:2. Calculate the gaining ratio.

  4. Ramu, Somu, Gopu are partners sharing profits in the ratio of 3 : 5 : 7. Gopu retires and the share is purchased by Ramu and Somu in the ratio of 3 : 1. Find the new profit sharing ratio and gaining ratio

  5. Mani, Gani and Soni are partners sharing the profits and losses in the ratio of 4:5:6. Mani retires from the firm. Calculate the new profit sharing ratio and gaining ratio.

*****************************************

Reviews & Comments about 12th Standard English Medium Accountancy Subject Retirement and Death of a Partner Book Back 2 Mark Questions with Solution Part - I

Write your Comment