Balbharati solutions for Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board
Chapter 5 - Reconstitution of Partnership (Death of Partner) [Latest edition]
Select the most appropriate answer from the alternative given below and rewrite the sentence.
Benefit Ratio is the Ratio in which _______________
The old partner gain on the admission of a new partner
The Goodwill of a new partner on admission is credited to old partners
The continuing partner's benefits on retirement or death of a partner
All partners are benefited
The ratio by which existing partners are benefited __________
Gain Ratio
Sacrifice Ratio
Profit Ratio
Capital Ratio
Profit and Loss Suspense Account is shown in the new Balance Sheet on _______________ side.
Debit
Credit
Asset
Liabilities
Death is a compulsory_____________
Dissolution
Admission
Retirement
Winding-up
The balance on the capital account of partners, on his death, is transferred to____________ account.
Relatives
Legal Heir's loan / Executors loan
Partner's capital
Partners Loan
