Reconstitution of a Partnership Firm – Retirement/Death of a Partner

CBSE Class 12 Accountancy · every board question from this chapter, 2022–2026

Practice these 250 →

Sameer, Rajat and Aastha were partners in a firm sharing profits and losses in the ratio of 2:3:1. Rajat retired from the firm on…2026
Ravi, Sunil and Amit were partners in a firm sharing profits and losses in the ratio of 4: 3: 5. On 1st April, 2025, Ravi…2026
Lalita, Shivani and Madhuri were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Madhuri retired from the…2026
Lalita, Shivani and Madhuri were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Madhuri retired from the…2026
Ravi, Sohan and Neena were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April 2025, Sohan…2026
Zubin, Nidhi and Reena were partners in a firm sharing profits and losses in the ratio of 2:1:2. The firm closes its books on…2026
Sudama, Sharma and Varun were partners in a firm sharing profits and losses in the ratio of 6: 4: 3. Sharma retired from the firm…2026
Assertion •. The retiring partner or the executors of the deceased partner are entitled to their share of goodwill at the time of…2026
Dharam, Karam and Raman were partners in a firm sharing profits and losses in the ratio of 7: 8: 5. On 31st March, 2025, Raman…2026
Vani, Vanya and Ajay were partners in a firm sharing profits and losses in the ratio of 5:3:2. Vani retired and her share was…2026
John, Honey and Racob were partners in a firm sharing profits and losses equally. On 31st July, 2025 John died. His share in the…2026
Zubin, Nidhi and Reena were partners in a firm sharing profits and losses in the ratio of 2:1:2. The firm closes its books on…2026
Dharam, Karam and Raman were partners in a firm sharing profits and losses in the ratio of 7: 8: 5. On 31 March, 2025, Raman…2026
Sudama, Sharma and Varun were partners in a firm sharing profits and losses in the ratio of 6: 4: 3. Sharma retired from the firm…2026
Sameer, Rajat and Aastha were partners in a firm sharing profits and losses in the ratio of 2:3:1. Rajat retired from the firm on…2026
Dharam, Karam and Raman were partners in a firm sharing profits and losses in the ratio of 7: 8: 5. On 31st March, 2025, Raman…2026
Ravi, Sunil and Amit were partners in a firm sharing profits and losses in the ratio of 4: 3: 5. On 1st April, 2025, Ravi…2026
Ravi, Sohan and Neena were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April 2025, Sohan…2026
Sameer, Rajat and Aastha were partners in a firm sharing profits and losses in the ratio of 2:3:1. Rajat retired from the firm on…2026
John, Honey and Racob were partners in a firm sharing profits and losses equally. On 31st July, 2025 John died. His share in the…2026
Ravi, Sunil and Amit were partners in a firm sharing profits and losses in the ratio of 4: 3: 5. On 1st April, 2025, Ravi…2026
Assertion.. The retiring partner or the executors of the deceased partner are entitled to their share of goodwill at the time of…2026
John, Honey and Racob were partners in a firm sharing profits and losses equally. On 31st July, 2025 John died. His share in the…2026
Assertion '. The retiring partner or the executors of the deceased partner are entitled to their share of goodwill at the time of…2026
Ravi, Sohan and Neena were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April 2025, Sohan…2026
Vani, Vanya and Ajay were partners in a firm sharing profits and losses in the ratio of 5:3:2. Vani retired and her share was…2026
Sudama, Sharma and Varun were partners in a firm sharing profits and losses in the ratio of 6: 4: 3. Sharma retired from the firm…2026
Anchal, Prabhat and Karan were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. On 31st March, 2025, Anchal…2026
Vani, Vanya and Ajay were partners in a firm sharing profits and losses in the ratio of 5:3:2. Vani retired and her share was…2026
Shaurya, Morya and Gaurav were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. On 31st March, 2025,…2026
Raha, Naveen and Vandana were partners in a firm sharing profits and losses equally. Naveen retired on 31st March, 2025. The…2026
Lalita, Shivani and Madhuri were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Madhuri retired from the…2026
Zubin, Nidhi and Reena were partners in a firm sharing profits and losses in the ratio of 2:1:2. The firm closes its books on…2026
Namita, Narendra and Kunwar were partners in a firm sharing profits and losses in the ratio of 3: 1: 1. The firm closes its books…2026
Tanvi, Manvi and Noori were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April, 2025, their…2026
Rosy, Golu and Sonu were partners in a firm sharing profits and losses equally. On 31st March, 2023, Sonu retired. On the date of…2026
Namita, Narendra and Kunwar were partners in a firm sharing profits and losses in the ratio of 3: 1: 1. The firm closes its books…2026
Shubh, Vansh and Veer were partners in a firm sharing profits and losses equally. On 31st March, 2023, Vansh retired. On the date…2026
Aarav, Karan and Meera were partners in a firm sharing profits and losses equally. On 31st March, 2023, Karan retired. On the…2026
Rani, Megha and Mahan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 1st April, 2025, their…2026
Tara, Meera and Neera were partners in a firm sharing profits and losses equally. Their capitals on 1st April, 2025 were ₹…2026
Aastha, Diya and Mohit were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2025 their…2026
Naik, Vinay and Vibhuti were partners in a firm sharing profits and losses in the ratio of 4: 2: 3. On 31st March, 2025, their…2026
Jatin, Karan and Sia were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2025, their…2026
Namita, Narendra and Kunwar were partners in a firm sharing profits and losses in the ratio of 3: 1: 1. The firm closes its books…2026
Nandini, Shweta and Hiren were partners in a firm sharing profits and losses in the ratio of 9: 7: 4. On 1st April, 2025, Shweta…2026
Anita, Gaurav and Suresh were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. On 1st April, 2025, Gaurav…2026
Diksha, Raj and Amit were partners in a firm sharing profits and losses in the ratio of 6: 3: 1. On 1st pril, 2025 Amit retired.…2026
Kiran, Raveena and Hina were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. The firm closes its books on…2026
Anmol, Kapeesh and Meera were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. The firm closes its books on…2026
Anmol, Kapeesh and Meera were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. The firm closes its books on…2026
Kiran, Raveena and Hint were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. The firm closes its books on…2026
Kiran, Raveena and Hina were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. The firm closes its books on…2026
Anmol, Kapeesh and Meera were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. The firm closes its books on…2026
Mohit, Anisha and Shivam were partners in a firm sharing profits and losses in the ratio of 4:3:2. On 30th September, 2023 Mohit…2026
Amish, Bindu and Chandni were partners in a firm sharing profits and losses in the ratio of 2:2:1. Amish died on 31st December,…2026
Gautama, Kunal and Abhay were partners in a firm sharing profits and losses in the ratio of 3:2:2. On 315 July, 2023, Gautama…2026
Vimal, Bose and Ghosh were partners in a firm sharing profits and losses equally. On 1st April, 2024, Bose retired from the firm…2025
Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its books on…2025
Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its books on…2025
Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Raghav retired. The balance in…2025
Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5: 3: 1: 1. On 1st April,…2025
Ashmit, Verna and Rohan were partners in a firm sharing profits and losses in the ratio of 3: 2: l. Veena retired on 3lS March,…2025
Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Amit retired on 31 March,…2025
Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5: 3: 1: 1. On 1st April,…2025
Vimal, Bose and Ghosh were partners in a firm sharing profits and losses equally. On 1st April, 2024, Bose retired from the firm…2025
Daman, Mohit and Paras were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Daman retires. Mohit and Paras…2025
Daman, Mohit and Paras were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Daman retires. Mohit and Paras…2025
Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Raghav retired. The balance in…2025
Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Amit retired on 31 March,…2025
Ashmit, Verna and Rohan were partners in a firm sharing profits and losses in the ratio of 3: 2: l. Veena retired on 3lS March,…2025
Tavish, Umesh and Varun were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Tavish retired. Umesh and…2025
Daman, Mohit and Paras were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Daman retires. Mohit and Paras…2025
shan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Jatin retired and his share was…2025
Tavish, Umesh and Varun were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Tavish retired. Umesh and…2025
Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Biswas died on 30th…2025
Vishesh, Manik and Amit were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Amit retired on 31 March,…2025
shan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Jatin retired and his share was…2025
Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Biswas died on 30th…2025
Hari, Chander, Prakash and Govind were partners in a firm sharing profits and losses in the ratio of 5: 3: 1: 1. On 1st April,…2025
Sona, Mona and Raghav were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Raghav retired. The balance in…2025
Ashmit, Verna and Rohan were partners in a firm sharing profits and losses in the ratio of 3: 2: l. Veena retired on 3lS March,…2025
Vimal, Bose and Ghosh were partners in a firm sharing profits and losses equally. On 1st April, 2024, Bose retired from the firm…2025
Tavish, Umesh and Varun were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. Tavish retired. Umesh and…2025
Sharma, Verma and Khan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its books on…2025
shan, Jatin and Kapil were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. Jatin retired and his share was…2025
Ajit, Biswas and Chitra were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Biswas died on 30th…2025
Saurabh, Reena and Deepak were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Saurabh died on 318…2025
Zaina, Yash and Kiran were partners in a firm sharing profits and losses in the ratio 2: 2: 1. Zaina died on 1st July, 2024. As…2025
Piyush, Aadi and Sud ha were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. Aadi died on 1st October,…2025
Diksha, Krish and Rajan were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. On 1st April, 2024, Rajan…2025
Rani, Manav and Pushpa were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April, 2024, Rani…2025
Amar, Ali and Ajay were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 1st April, 2024, Ajay decided…2025
Gupta, Jain and Singh were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. On 31st March, 2020, Gupta…2025
Rohit, Mohit and Sandeep were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 1st April, 2020, Rohit…2025
Sudha, Sudama and Sulochna were partners in a firm sharing profits equally. On 31st March, 2020, Sudha retired. On the date of…2025
Raja, Bharat and Vedika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet as on…2025
Raja, Bharat and Vedika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet as on…2025
Simar, Tar vi and Umara were partners in a firm sharing profits and losses in the ratio of 5: 6: 9. On 31st March, 2024 their…2025
Hans, Sohan and Kishore were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The firm closes its books on…2025
Shobha, Kalyani and Kaveri were partners in a firm sharing profits and losses in the ratio of 3: 5: 2. The firm closes its books…2025
Gopal, Heera and Iqbal were partners in a firm sharing profits and losses equally. Iqbal died on 1st April, 202 2. Final dues…2025
Hans, Sohan and Kishore were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The firm closes its books on…2025
Gopal, Heera and Iqbal were partners in a firm sharing profits and losses equally. Iqbal died on 1st April, 202 2. Final dues…2025
Simar, Tar vi and Umara were partners in a firm sharing profits and losses in the ratio of 5: 6: 9. On 31st= March, 2024 their…2025
Gopal, Heera and Iqbal were partners in a firm sharing profits and losses equally. Iqbal died on 1st April, 202 2. Final dues…2025
Simar, Tar vi and Umara were partners in a firm sharing profits and losses in the ratio of 5: 6: 9. On 31st March, 2024 their…2025
Raja, Bharat and Vedika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet as on…2025
Hans, Sohan and Kishore were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. The firm closes its books on…2025
Asha, Ashish and Naman were partners in a firm sharing profits and losses in the ratio of 2: 5: 3. The firm closes its books on…2025
Chandni, Bhanu and Garima were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. The firm closes its books…2025
Ratan, Singh and Sharma were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet on 31st…2025
Ratan, Singh and Sharma were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet on 31st…2025
Ratan, Singh and Sharma were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet on 31st…2025
Riva, Rita and Renu were partners in a firm. On 31st March, 2023 Renu retired. The amount payable to Renu ₹ 2,17,000 was…2024
Aditi, Sukriti and Niti were partners sharing profits in the ratio of 2 1 2: 1. Sukriti died on 30th June, 2023. Net profit for…2024
Aditya, Vishesh and Nimesh were partners in a firm sharing profits and losses equally. Aditya died on 1st July, 2023. Remaining…2024
Riva, Rita and Renu were partners in a firm. On 31st March, 2023 Renu retired. The amount payable to Renu ₹ 2,17,000 was…2024
Kriti, Hina and Nidhi were partners sharing profits in the ratio of 3: 2: 1. Nidhi retired. On the date of her retirement,…2024
Aditya, Vishesh and Nimesh were partners in a firm sharing profits and losses equally. Aditya died on 1st July, 2023. Remaining…2024
Nicku, Mala and Ritu were partners in a firm sharing profits in the ratio of 5: 3: 2. Nicku died on 30th September, 2023. The…2024
Riya, Rita and Renu were partners in a firm. On 31st March, 2023 Renu retired. The amount payable to Renu ₹ 2,17,000 was…2024
Kriti, Hina and Nidhi were partners sharing profits in the ratio of 3: 2: 1. Nidhi retired. On the date of her retirement,…2024
Nicku, Mala and Ritu were partners in a firm sharing profits in the ratio of 5: 3: 2. Nicku died on 30th September, 2023. The…2024
Aditi, Sukriti and Niti were partners sharing profits in the ratio of 2: 2: 1. Sukriti died on 30th June, 2023. Net profit for…2024
Anju, Divya and Bobby were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Bobby retired. The new profit…2024
Kriti, Hina and Nidhi were partners sharing profits in the ratio of 3: 2: 1. Nidhi retired. On the date of her retirement,…2024
Anju, Divya and Bobby were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Bobby retired. The new profit…2024
Aditya, Vishesh and Nimesh were partners in a firm sharing profits and losses equally. Aditya died on 1st July, 2023. Remaining…2024
Nicku, Mala and Ritu were partners in a firm sharing profits in the ratio of 5: 3: 2. Nicku died on 30th September, 2023. The…2024
Aditi, Sukriti and Niti were partners sharing profits in the ratio of 2: 2 1 1. Sukriti died on 30th June, 2023. Net profit for…2024
Anju, Divya and Bobby were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Bobby retired. The new profit…2024
Anmol, Badal and Cheenu were partners in a firm sharing profits and losses in the ratio of 5: 4: 3. Badal retired. Anmol and…2024
Alisha, Bobby and Pooja were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Pooja died on 30th September,…2024
Sangeet, Anju and Shiva were partners in a firm sharing profits and losses in the ratio of 3: 4: 5. Sangeet died on 31st Jul,…2024
Akshay, Baljeet and Cizan were partners in a firm sharing profits and losses in the ratio of 2: 3: 3. Akshay retired. Baljeet and…2024
Aaria, Beenu and Clara were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. On 30th June, 2023, Clara…2024
Aamir, Bashir and Chirag were partners in a firm sharing profits and losses in the ratio of 3: 3: 2. Chirag retired. Aamir and…2024
Prateek, Charu and Sirima were partners in a firm sharing profits in the ratio of 3: 2: 1. Prateek retired from the firm on 31st…2024
Prateek, Charu and Sirima were partners in a firm sharing profits in the ratio of 3: 2: 1. Prateek retired from the firm on 31st…2024
Prateek, Charu and Sirima were partners in a firm sharing profits in the ratio of 3: 2: 1. Prateek retired from the firm on 31st…2024
Madhav, Raghav and Purav were partners in a firm sharing profits and losses in the ratio of 3: 1: 1. Their Balance Sheet as at…2024
Aditi, Renu and Varsha were partners in a firm sharing profits and losses in the ratio of 3: 2: 5. On 31st March, 2023 their…2024
Ram, Ravi and Rohan were partners sharing profits in the ratio of 2:3:1. On 31st March, 2023, their Balance Sheet was as follows:…2024
Madhav, Raghav and Purav were partners in a firm sharing profits and losses in the ratio of 3: 1: 1. Their Balance Sheet as at…2024
Aditi, Renu and Varsha were partners in a firm sharing profits and losses in the ratio of 3: 2: 5. On 31st March, 2023 their…2024
Ram, Ravi and Rohan were partners sharing profits in the ratio of 2:3:1. On 31st March, 2023, their Balance Sheet was as follows:…2024
Ram, Ravi and Rohan were partners sharing profits in the ratio of 2:3:1. On 31st March, 2023, their Balance Sheet was as follows:…2024
Madhav, Raghav and Purav were partners in a firm sharing profits and losses in the ratio of 3: 1: 1. Their Balance Sheet as at…2024
Aditi, Renu and Varsha were partners in a firm sharing profits and losses in the ratio of 3: 2: 5. On 31st March, 2023 their…2024
Azhar, Sumit and Robit were partners in a firm sharing profits and losses in the ratio of 3: 1: 1. Their Balance Sheet as at 31st…2024
Gagan, Harsh and Ishan were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet as at 31st…2024
Jatin, Kartik and Lakhan were partners in a firm sharing profits and losses in the ratio of 7: 5: 3. Their Balance Sheet as at…2024
Arnav, Bhavi and Chavi were in partnership sharing profits and losses in the ratio of 3: 2: 1. On 31st March, 2023, their Balance…2024
Arnav, Bhavi and Chavi were in partnership sharing profits and losses in the ratio of 3: 2: 1. On 31st March, 2023, their Balance…2024
Arnav, Bhavi and Chavi were in partnership sharing profits and losses in the ratio of 3: 2: 1. On 31st March, 2023, their Balance…2024
Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3: 2: 1. Suman retired from the firm. On the date…2023
Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3: 2: 1. Suman retired from the firm. On the date…2023
Gopal, Krishna and Govind are partners sharing profits and losses in the ratio of 5: 4: 3. Krishna retired on 1st April, 2022.…2023
Khushi, Namita and Manvi were partners in a firm sharing profits and losses in the ratio of 5: 2: 3. On 30 1 June, 2022, Khushi…2023
P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. P died on 1st September, 2022. On the date…2023
Gopal, Krishna and Govind are partners sharing profits and losses in the ratio of 5: 4: 3. Krishna retired on 1st April, 2022.…2023
Gopal, Krishna and Govind were partners sharing profits and losses in the ratio of 5:4:3. Krishna retired on 1st April, 2022.…2023
Anu, Monu and Sonu were partners in a firm sharing profits in the ratio of 5: 3: 2. Monu died on 1st January, 2022. Anu and Sonu…2023
Gopal, Krishna and Govind were partners sharing profits and losses in the ratio of 5:4:3. Krishna retired on 1st April, 2022.…2023
Nita, Suman and Harish were partners in a firm sharing profits in the ratio of 3: 2: 1. Suman retired from the firm. On the date…2023
Aman, Aadhar and Avinash were partners and sharing profits in the ratio of 3: 2: 1. Avinash retired from the firm on 1st July,…2023
Gaurav, Sonu and Anita are partners in a firm sharing profits in the ratio of 4: 3: 2. Sonu retires and the balance in his…2023
Gopal, Krishna and Govind were partners sharing profits and losses in the ratio of 5:4:3. Krishna retired on 1st April, 2022.…2023
Gurpreet, Vishal and Ananya are partners in a firm sharing profits in the ratio of 2: 3: 1. Vishal retires and the balance in his…2023
Nidhi, Kunal and Kabir are partners in a firm sharing profits in the ratio of 2: 1: 2. Kunal retired and the balance in his…2023
Aman, Aadhar and Avinash were partners and sharing profits in the ratio of 3: 2: 1. Avinash retired from the firm on 1st July,…2023
Khushi, Namita and Manvi were partners in a firm sharing profits and losses in the ratio of 5: 2: 3. On 30 1 June, 2022, Khushi…2023
Gopal, Krishna and Govind are partners sharing profits and losses in the ratio of 5: 4: 3. Krishna retired on 1st April, 2022.…2023
P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. P died on 1st September, 2022. On the date…2023
Anu, Monu and Sonu were partners in a firm sharing profits in the ratio of 5: 3: 2. Monu died on 1st January, 2022. Anu and Sonu…2023
Khushi, Namita and Manvi were partners in a firm sharing profits and losses in the ratio of 5: 2: 3. On 30 h June, 2022, Khushi…2023
Anu, Monu and Sonu were partners in a firm sharing profits in the ratio of 5: 3: 2. Monu died on 1st January, 2022. Anu and Sonu…2023
P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 1. P died on 1st September, 2022. On the date…2023
Aman, Aadhar and Avinash were partners and sharing profits in the ratio of 3: 2: 1. Avinash retired from the firm on 1st July,…2023
Mansi, Mona and Amar were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Mona retired on 1st April, 2022.…2023
Tarun, Abhishek, Kamal and Vivek were partners in a firm sharing profits in the ratio of 5: 3: 2: 2. Kamal retired on 31" March,…2023
Suman, Vivek and Vinod were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Suman retired on 1st April,…2023
Tarun, Abliishek, Kamal and Vivek were partners in a firm sharing profits in the ratio of 5: 3: 2: 2. Kamal retired on 31st…2023
Kanak, Kamal and Kanha are partners in a firm. Their fixed capitals were ₹ 5,00,000, ₹ 10,00,000 and ₹ 15,00,000 respectively.…2023
Shweta, Meenu and Asha were partners in a firm sharing profits and losses in the ratio of 3: 5: 2. Meenu retired on 1st April,…2023
Vibha, Sud ha and As fish were partners in a firm sharing profits in the ratio 2:3:l. Sud ha retired and the balance in her…2023
Vibha, Sud ha and As fish were partners in a firm sharing profits in the ratio 2:3:1. Sud ha retired and the balance in her…2023
Tarun, Abhishek, Kamal and Vivek were partners in a firm sharing profits in the ratio of 5: 3: 2: 2. Kamal retired on 31$ March,…2023
Vibha, Sud ha and As fish were partners in a firm sharing profits in the ratio 2:3:1. Sud ha retired and the balance in her…2023
Kanak, Kamal and Kanha are partners in a firm. Their fixed capitals were ₹ 5,00,000, ₹ 10,00,000 and ₹ 15,00,000 respectively.…2023
Kanak, Kamal and Kanha are partners in a firm. Their fixed capitals were ₹ 5,00,000, ₹ 10,00,000 and ₹ 15,00,000 respectively.…2023
Sunny, Vaibhav and Mita were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Sunny retired on 31st March,…2023
Prakash, Aakash and Vikas were partners in a business sharing profits in the ratio of 2: 2: 1. Their Balance Sheet as at 31st…2023
Prakash, Aakash and Vikas were partners in a business sharing profits in the ratio of 2: 2: 1. Their Balance Sheet as at 31st…2023
P, Q and R were partners in a firm sharing profits and losses in the ratio of 2:1:2. Their balance sheet on 31st March, 2022 was…2023
Somali, Sohan and Shivain were partners in a pen manufacturing firm. They were sharing profits and losses in the ratio of 2: 2:…2023
Sudhir, Deepak and Naveen were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2022 their…2023
A, B and C were partners in a printer manufacturing firm. They were sharing profits and losses in the ratio of 2: 2: 1. On 31"…2023
Mina, Beena and Veena were partners in a firm sharing profits & losses equally. Their balance sheet as on 31st March, 2022 was as…2023
Prakash, Aakash and Vikas were partners in a business sharing profits in the ratio of 2: 2: 1. Their Balance Sheet as at 31st…2023
Sudhir, Deepak and Naveen were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2022 their…2023
Sudhir, Deepak and Naveen were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 31st March, 2022 their…2023
M, B and V were partners in a firm sharing profits & losses in the ratio of 6:3:1. On 30th September, 2022, V died. Their…2023
P, Q and R were partners in a water dispenser manufacturing firm. They were sharing profits and losses in the ratio of 2: 2: 1.…2023
Kamal, Rahul and Neeraj were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2022, their…2023
Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet as at…2023
Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet as at…2023
Kamal, Rahul and Neeraj were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2022, their…2023
Kamal, Rahul and Neeraj were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31st March, 2022, their…2023
Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. Their Balance Sheet as at…2023
A, B, C and D were partners in a firm sharing profits in the ratio of 4: 3: 2: 1. On 31.3.2022, C retired from the firm and his…2022
A, B, C and D were partners in a firm sharing profits in the ratio of 3: 4: 2: 1. On 31.3.2022, C retired and his share was taken…2022
A, B and C were partners in a firm sharing profits and losses in the ratio of 7: 2: 1. The firm closes its books on 31st March…2022
Aman, Naman and Neel were partners in a firm sharing profits in the 2rd ratio of 1: 2: 1. Neel retires and he surrenders of his…2022
A, B, C and D were partners in a firm sharing profits and losses in the ratio of 1: 2: 3: 4. On 31. 3. 2022, C retired from the…2022
P, Q and R were partners in a firm sharing profits and losses in the ratio st 1rd of 3: 4: 1. On 31 March, 2022, R retired. R…2022
Suman, Shubham and Siya were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. Shubham retired from the firm…2022
A, B and C are partners in a firm sharing profits and losses equally. C retired and his share was acquired by A and B in the…2022
Anisha, Divya and Lata are partners sharing profits in the ratio of 2: 2: 1. Divya retires and her share is taken up by Anisha…2022
A, B and C were partners in a firm sharing profits and losses in the ratio of 7: 2: 1. The firm closes its books on 31st March…2022
Maki, Mamta and Monika are partners in a firm, sharing profits in the ratio of 4:3:2. Monika retired and her capital after making…2022
A, B and C were partners in a firm sharing profits in the ratio of 6: 5: 4. On 31st March, 2021, A decided to retire from the…2022
X, Y and Z were partners in a firm sharing profits and losses in the ratio of 5: 3: 2. On 31.3.2022 X retired from the firm. On…2022
Ravi, Mohan and Sohan were partners in a firm. On 31.3.2022 Mohan retired from the firm. On Mohans retirement the balance sheet…2022
David, Dolly and Divya are partners in a firm sharing profits and losses in the ratio 3:2: l. Divya retired from the firm and…2022
P, Q and R were partners in a firm sharing profits and losses in the ratio of 4: 3: 3. On 31.3.2022 R retired from the firm. On…2022
Pass the necessary journal entries for the treatment of 'Workmen Compensati on Reserve' of ₹ 2,64,000 at the time of retirement…2022
Madhu, Manama and Mukul were partners in a firm sharing profits in the ratio of 3:2: 1. On 31st March, 2021 Mukul retired from…2022
X, Y and Z were partners in a firm sharing profit and losses in the ratio of 5: 3: 2. Y retired from the Firm and X and Z decided…2022
A, B and C were partners in a firm sharing profits and losses in the ratio of 7: 2: 1. The firm closes its books on 31st March…2022
Ajay, Vijay, Sanjay and Dhananjay are partners in a firm sharing profits and losses in the ratio of 2: 2: 1: 1. Vijay decided to…2022
Mohan, Girdhari and Shyam were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. On 31st March, 2022,…2022
Riva, Siya and Diya were partners in a firm sharing profits and losses in the ratio of 3: 2: 1. Riya died on 1" July, 2021.…2022
Ram, Mohan and Sohan were partners in a firm sharing profits and losses in the ratio of 1:2:2. The firm closes its books on 31st…2022
Ramesh, Rajesh and Raman are partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 30th June, 2021, Ramesh…2022
Ramesh, Rajesh and Raman are partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 30th June, 2021, Ramesh…2022
P, Q and R wore partners in a firm sharing pr06ts and losses in the ratio of 4: 3: 3. P died on 30th June, 2021. The partnership…2022
Viral, Kamal and Nirmal were partners sharing profit & losses in the ratio of 3: 2: 1. Viral died on 30' ' September, 2020. The…2022
Ramesh, Rajesh and Raman are partners in a firm sharing profits and losses in the ratio of 2: 2: 1. On 30th June, 2021, Ramesh…2022
X, Y and Z were partners in a firm. The firm closes its books on 31st March every year. On 3l"1 December 2021, X died. The…2022
Mohan, Girdhari and Shyam were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. On 31st March, 2022,…2022
C, F and S were partners in a firm sharing profits and losses in the ratio of 5: 4: 1. F died on 30th June, 2021. The firm earned…2022
Puneet, Purav and Parth were partners in a firm sharing profits and losses in the ratio of 4:3:l. The firm closes its books on…2022
Avni, Charu and Rad ha were partners in a firm sharing profits and losses in the ratio of 2: 2: 1. The firm closes its books on…2022
Madhu, Shilpi and Renuka were partners in a firm sharing profits in the ratio 2:2: 1. The firm closes its books on 31st March…2022
Mohan, Girdhari and Shyam were partners in a firm sharing profits and losses in the ratio of 4: 3: 2. On 31st March, 2022,…2022
X, Y and Z were partners in a firm sharing profits and losses in the ratio of 3: 3: 4. On 31st March, 2022 their Balance Sheet…2022
X, Y and Z were partners in a firm sharing profits and losses in the ratio of 3: 3: 4. On 31st March, 2022 their Balance Sheet…2022
X, Y and Z were partners in a firm sharing profits and losses in the ratio of 3: 3: 4. On 31st March, 2022 their Balance Sheet…2022

Answers come from CBSE’s own marking schemes. How we source them.