Retirement and Death of a Partner · Class 12 Accountancy · Chapter 4
📊 Reconstitution of Partnership: Retirement and Death of a Partner
CBSE Class 12 Humanities & Commerce · Accountancy · Chapter 1
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Download PDF →Top question patterns · CBSE annual / SQP aggregate
| 100% | Revaluation A/c + Capital A/cs + amount due — Gain → Reval → reserves + goodwill → Capital A/cs → amount due + settlement. | 8 MARKS |
| 85% | New ratio + gaining ratio — Common denominator. Gain = New − Old. Sum of gains = retiring partner's share. | 4 MARKS |
| 75% | Goodwill journal entries on retirement — Dr gainers (gaining ratio); Cr retiring partner. Write off existing goodwill in old ratio. | 4 MARKS |
| 65% | Share of profit up to date of death — Identify basis (time/turnover). Apply formula. P&L Suspense A/c Dr; To Deceased Capital. | 4 MARKS |
| 50% | Executor's A/c with Sec 37 interest — Cr capital + period @ 6% p.a.; Dr instalments; close on final payment. | 6 MARKS |
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