CBSE Class 12 Accountancy Death of A Partner Worksheet Set B

Access the latest CBSE Class 12 Accountancy Death of A Partner Worksheet Set B. We have provided free printable Class 12 Accountancy worksheets in PDF format, specifically designed for Part 1 Chapter 3 Reconstitution of a Partnership Firm Retirement/Death of a Partner. These practice sets are prepared by expert teachers following the 2025-26 syllabus and exam patterns issued by CBSE, NCERT, and KVS.

Part 1 Chapter 3 Reconstitution of a Partnership Firm Retirement/Death of a Partner Accountancy Practice Worksheet for Class 12

Students should use these Class 12 Accountancy chapter-wise worksheets for daily practice to improve their conceptual understanding. This detailed test papers include important questions and solutions for Part 1 Chapter 3 Reconstitution of a Partnership Firm Retirement/Death of a Partner, to help you prepare for school tests and final examination. Regular practice of these Class 12 Accountancy questions will help improve your problem-solving speed and exam accuracy for the 2026 session.

Download Class 12 Accountancy Part 1 Chapter 3 Reconstitution of a Partnership Firm Retirement/Death of a Partner Worksheet PDF

 

Death of Partner 
 
 
I. Following QUESTIONS are of 3 Marks .
 
1. A, B and C were partners in a firm sharing profits in 3 : 2 : 1 ratio. The firm closes its books on 31st March every year. B died on 12-06-2009. On B’s death the Goodwill of the firm was valued at `60,000. On B’s death his share
in the profits of the firm till the time of his death was to be calculated on the basis of previous year’s profit which was Rs 1,50,000. Calculate B’s share in the profit of the firm. Pass necessary journal entries for the treatment of goodwill and B’s share of the profit at the time of his death.
 
2. 2. A, B and C are partners sharing profits equally. On 30th Sep.2014 B died. B’s share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed
years’ profits before death. Profits for the years ended 31st March 2012, 2013 and 2014 were Rs 50,000, Rs 60,000 and `70,000 respectively. Calculate B’s Share of profit till the date of death and pass journal entries for the same.
 
3. A, B and C are partners sharing profits and losses in the ratio 3:2:1. A died on 30th June 2014 Profits and turnover for the year ended 31st Dec 2013 were Rs 1,20,000 and Rs 10,00,000 respectively. The Turnover till 30th June 2014 were Rs 3,60,000. Calculate A’s share of profit and pass journal entries under Turnover or Sales basis.
 
4.Enumerate the items for which the representatives of decreased partners are entitled to receive.
 
5. Ramesh wants to retire from the firm .The profits on Revaluation on that date were Rs 12,000. Mohan and Rahul want to share this in their new profit sharing ratio 3:2.Ramesh wants this to be shared equally. How are the Profits to be shared? Give reasons.
 
6. From the following particulars. Calculate the new profit –sharing ratio of the partners:-
(a) A , B and C are partners in a firm sharing profits and losses in the ratio of 5:3:2 B died and his share was taken up by A and C in the ratio of 2:1.
(b) P , Q and R were partners sharing profits in the ratio of 5:4:1. P Died.
 
7. What are the methods of ascertaining the amount of profit to be given to the executors of deceased partner , if the death of a partner occurs on any day during the year .Explain.
 
II. Following QUESTIONS are of 6 Marks .
 
8. A, B and C are partners sharing profits and losses in the ratio 2:2:1 as on 31st December 2011. Their Balance sheet is given as follows 

CBSE Class 12 Accountancy Death of A Partner Worksheet Set B 1

C died on 15th March 2012. According to the deed, his legal representatives were entitled to:
(a) Balance in Capital A/c
(b) Share of goodwill valued on the basis of thrice the average profits of the past four years.
(c) Share in profits up to the date of death on the basis of average profits for the past four years.
(d) Interest on Capital @12%p.a.
(e) Average Profits for the last four years were `16,000. C’s representatives were paid the amount due. Pass Journal entries and prepare C,s Capital Account.
 
9. Following is the Balance sheet of X,Y and Z who were sharing profits in the ratio 2:2:1 as on 31st Dec.2009:

CBSE Class 12 Accountancy Death of A Partner Worksheet Set B 2

Y died on 31st March, 2010. Under the partnership agreement, the executors of Ram was entitled to :
(a) Balance in Capital A/C (b) His Share of goodwill Rs 7,000 (c) Share in profits up to the date of death Rs 875. (d) Interest on Capital Rs 125. Y’s Executors were Paid Rs 4,560 on 1st April 2010 and balance in four equal yearly installments with 6% interest p.a. Pass necessary Journal entries and draw up Y’s account to be rendered to his executors and Y’s Executors account till it is finally paid.
 
10. X,Y and Z were partners sharing profits and losses in the ratio of 5:3:2 respectively. On 31st Dec.2010, their B/S stood as under.

CBSE Class 12 Accountancy Death of A Partner Worksheet Set B 3

Z died on 1st May 2011. It was agreed that:-
a) Goodwill be valued at 2-1/2 years purchase of the average profits of the last four years, which were 2007 Rs 32,500; 2008 Rs 30,000; 2009 Rs 40,000 and 2010 Rs 37,500.
b) Machinery be valued at Rs 70,000, Patents at Rs 20,000, Building at Rs 62,500.
c) For the purpose of calculating Z’s share in the profits of 2011, previous year profits should be considered.
d) A sum of `10,500 is to paid immediately to the executors of Z and the balance to be paid in 4 equal half yearly instalments together with interest 10%p.a.
Give the necessary journal entries to record the above transactions and Z’s executors account for the year 2011.
 
11. Black and Brown are partners. The partnership deed provided inter alia as follows:
a) That the accounts be balanced 31st March each year.
b) That the profit be divided as follows:
c) Black one- half; Brown one-third and one sixth carried to a Reserve account.
d) That in the event of death of partner, his Executor will be entitled to be paid out:
e) The capital to his credit at the date of death. Interest on capital is provided at 12% p.a.
f) His proportion of profit to date of death based on the average profits of the last three completed years plus 10%.
g) His share of goodwill based on three years’ purchased of the average profits for the three preceding completed years less 5%.
h) His proportion of Reserve at the date of the last balance sheet.

On 31st March, 2010 the ledger balances were:

CBSE Class 12 Accountancy Death of A Partner Worksheet Set B 4

The profits for the last three years were: Rs 45,000; `42,000; Rs 48,000 respectively. Black died on 1st August, 2010. Prepare Black’s capital account and Black Executor’s account as on 1st August 2010.
 

Please click on below link to download CBSE Class 12 Accountancy Death of A Partner Worksheet Set B

Part 1 Chapter 01 Accounting for Partnership Basic Concepts
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set A
CBSE Class 12 Accountancy Accounting For Partnership Firms Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set B
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set C
CBSE Class 12 Accountancy Fundamentals Partnership Worksheet Set D
CBSE Class 12 Accountancy Fundamentals Worksheet Set A
CBSE Class 12 Accountancy Fundamentals Worksheet Set B
CBSE Class 12 Accountancy Partnership Volume Worksheet
Part 1 Chapter 02 Reconstitution of a Partnership Firm Admission of a Partner
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set A
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set B
CBSE Class 12 Accountancy Admission of A Partner Worksheet Set C
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set A
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set B
CBSE Class 12 Accountancy Change in Profit Sharing Worksheet Set C
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set A
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set B
CBSE Class 12 Accountancy Goodwill Nature And Valuation Worksheet Set C
Part 1 Chapter 03 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy Death of A Partner Worksheet Set A
CBSE Class 12 Accountancy Death of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set B
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set C
CBSE Class 12 Accountancy Retirement of A Partner Worksheet Set D
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set A
CBSE Class 12 Accountancy Retirement or Death of a Partner Worksheet Set B
Part 1 Chapter 04 Dissolution of Partnership Firm
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set A
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set B
CBSE Class 12 Accountancy Dissoultion of Partnership Firm Worksheet Set C
Part 2 Chapter 01 Accounting for Share Capital
CBSE Class 12 Accountancy Accounting For Companies Worksheet
CBSE Class 12 Accountancy Accounting For Share Capital Worksheet
Part 2 Chapter 02 Issue and Redemption of Debentures
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set A
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set B
CBSE Class 12 Accountancy Issue And Redemption of Debentures Worksheet Set C
Part 2 Chapter 03 Financial Statements of a Company
CBSE Class 12 Accountancy Financial Statements of A Company Worksheet
Part 2 Chapter 04 Analysis of Financial Statements
CBSE Class 12 Accountancy Analysis of Financial Statements Worksheet
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set A
CBSE Class 12 Accountancy Tools of Analysis Worksheet Set B
Part 2 Chapter 05 Accounting Ratios
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set A
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set B
CBSE Class 12 Accountancy Ratio Analysis Worksheet Set C
Part 2 Chapter 06 Cash Flow Statement
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set A
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set B
CBSE Class 12 Accountancy Cash Flow Statement Worksheet Set C
z More Worksheets for Class 12 Accountancy
CBSE Class 12 Accountancy All Chapters Question Bank
CBSE Class 12 Accountancy All Chapters Worksheet
CBSE Class 12 Accountancy Worksheet Set A Solved
CBSE Class 12 Accountancy Worksheet Set B Solved
CBSE Class 12 Accountancy Worksheet Set C Solved
CBSE Class 12 Accountancy Worksheet Set D Solved
CBSE Class 12 Accountancy Worksheet Set E Solved
CBSE Class 12 Accountancy Worksheet Set F Solved
CBSE Class 12 Accountancy Worksheet Set G Solved
CBSE Class 12 Accountancy Worksheet Set H Solved
CBSE Class 12 Accountancy Worksheet Set I Solved
~ Class 12 Accountancy (Old Chapters)
CBSE Class 12 Accountancy Accounting For Not For Profit Organisation Worksheet
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set A
CBSE Class 12 Accountancy Not For Profit Organisation Worksheet Set B

Important Practice Resources for Class 12 Accountancy

Part 1 Chapter 3 Reconstitution of a Partnership Firm Retirement/Death of a Partner CBSE Class 12 Accountancy Worksheet

Students can use the Part 1 Chapter 3 Reconstitution of a Partnership Firm Retirement/Death of a Partner practice sheet provided above to prepare for their upcoming school tests. This solved questions and answers follow the latest CBSE syllabus for Class 12 Accountancy. You can easily download the PDF format and solve these questions every day to improve your marks. Our expert teachers have made these from the most important topics that are always asked in your exams to help you get more marks in exams.

NCERT Based Questions and Solutions for Part 1 Chapter 3 Reconstitution of a Partnership Firm Retirement/Death of a Partner

Our expert team has used the official NCERT book for Class 12 Accountancy to create this practice material for students. After solving the questions our teachers have also suggested to study the NCERT solutions  which will help you to understand the best way to solve problems in Accountancy. You can get all this study material for free on studiestoday.com.

Extra Practice for Accountancy

To get the best results in Class 12, students should try the Accountancy MCQ Test for this chapter. We have also provided printable assignments for Class 12 Accountancy on our website. Regular practice will help you feel more confident and get higher marks in CBSE examinations.

Where can I download the latest PDF for CBSE Class 12 Accountancy Death of A Partner Worksheet Set B?

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Are these Accountancy Class 12 worksheets based on the 2026 competency-based pattern?

Yes, our CBSE Class 12 Accountancy Death of A Partner Worksheet Set B includes a variety of questions like Case-based studies, Assertion-Reasoning, and MCQs as per the 50% competency-based weightage in the latest curriculum for Class 12.

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Yes, we have provided detailed solutions for CBSE Class 12 Accountancy Death of A Partner Worksheet Set B to help Class 12 and follow the official CBSE marking scheme.

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Daily practice with these Accountancy worksheets helps in identifying understanding gaps. It also improves question solving speed and ensures that Class 12 students get more marks in CBSE exams.

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