Read and download free pdf of CBSE Class 12 Accountancy Retirement And Death Of Partner Worksheet Set F. Students and teachers of Class 12 Accountancy can get free printable Worksheets for Class 12 Accountancy in PDF format prepared as per the latest syllabus and examination pattern in your schools. Standard 12 students should practice questions and answers given here for Accountancy in Grade 12 which will help them to improve your knowledge of all important chapters and its topics. Students should also download free pdf of Class 12 Accountancy Worksheets prepared by school teachers as per the latest NCERT, CBSE, KVS books and syllabus issued this academic year and solve important problems with solutions on daily basis to get more score in school exams and tests
Worksheet for Class 12 Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner
Class 12 Accountancy students should refer to the following printable worksheet in Pdf for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner in standard 12. This test paper with questions and answers for Grade 12 Accountancy will be very useful for exams and help you to score good marks
Class 12 Accountancy Worksheet for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner
Answer : If specific reserve or funds like Workmen’s Compensation Fund, Investment Fluctuation Fund, etc. Are more in value than the actual liability or if liability does not exist, they should be distributed among all partners (including the retiring partner) in their old profi t-sharing ratio.
Answer : X and Z’s Capital debited respectively with Rs.16,000 and Rs.8,000 and Y’s Capital A/c credited with Rs.24,000 respectively (X & Z sacrifi cing ratio is 2:1).
Answer : The rights of a retiring partner are as follows :
(i) An outgoing partner may carry on a business competing with that of the firm but he must not use the firm’s name, must not represent that he is carrying on the business of the firm and must not solicit the customers of the firm.
(ii) If on retirement, the accounts of the firm are not settled and the outgoing partner is not paid his dues, he is entitled to a share in the profits even after his retirement or interest at the rate of 6% on the amount of his share in the firm.
Question : A,B and C were partners in a firm. C died on 28th Feb 2014. His 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 profit of three complete years before death, profit for 2011 2012 and 2013 were Rs. 1400 and Rs. 1600 and Rs. 1800 respectively.
Calculate C’s share of profit till his death.
Ans:- Average profit =14,000 +16,000 +18,000
3
=48,000/3 = 16000
Estimate profit till the date of death = 16,000 X = 2666.66 C’s share of estimated profit = 2666.66 x = 888.8
Question : If profit till the date of death are to be ascertained A B and sharing profit in the ratio of 2:2:1
B died on 31st March 2014,Accounting are closing on December sales for the year 2013 amounted to Rs. 9,00,000 , sales of Rs. 3,00,000 amounted between the period from 1 Jan 2014 to 31 March 2014. The profit for the year 2013 amounted to Rs. 90,000.
Calculate deceased partner’s share in the Profit of the firm.
Solution:- % of profit to sale for the year 2013 = X 100 = 10%
Profit up to death 10% of 3,00,000 i.e. 30,000
B’s share 30,000 X = 12,000
Or
X 3,00,000 = 30,000
Question : A B and C are partners sharing profit and losses in the ratio 2:2:1 . C died on 31st March 2014 profit and sales for the calendar year 2013 were Rs. 3,00,000 and Rs. 30,00,000 respectively. Sales during Jan to March 2014 were 4,50,000. Calculate share and profit of C up to date of death.
Hint:- C’s share 9,000.
Question : D P and G were partner in a firm sharing profit and losses in the ratio of 5:3:2 . P died on 31May 2013 his share of profit from the closure of the last accounting year to the date of death , was to be calculated on the basis of the average of three completed years of profit, before death, profit for the years ended 31stdec 2010,2011,2012 were Rs. 51,000 Rs. 45,000 and 39,000 respectively.
Calculate P’s share of profit.
Hint:- Rs. 5,625
Question : A, B and c are partners in a firm sharing profits and losses in the ratio of 3:2:1. B died on January 2016. C, the son of B, is of the opinion that he is rightful owner of his father’s share of profits, and the profits of the firm be shared between A and c equally. A does not agree. Settle the dispute between A and c and decide the profit sharing ratio for them.
| CBSE Class 12 Accountancy Accounting for Not-for-Profit Organisation Worksheet |
| 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 Accounting For Partnership Firms Worksheet Set C |
| CBSE Class 12 Accountancy Debentures Worksheet |
| CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set A |
| CBSE Class 12 Accountancy Financial Statements Of Company Worksheet Set B |
| CBSE Class 12 Accountancy Analysis Of Financial Statements Worksheet |
| CBSE Class 12 Accountancy Financial Analysis And Tools For Financial Analysis Worksheet |
| CBSE Class 12 Accountancy Ratio Analysis Worksheet |
More Study Material
CBSE Class 12 Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner Worksheet
We hope students liked the above worksheet for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner designed as per the latest syllabus for Class 12 Accountancy released by CBSE. Students of Class 12 should download in Pdf format and practice the questions and solutions given in the above worksheet for Class 12 Accountancy on a daily basis. All the latest worksheets with answers have been developed for Accountancy by referring to the most important and regularly asked topics that the students should learn and practice to get better scores in their class tests and examinations. Studiestoday is the best portal for Class 12 students to get all the latest study material free of cost.
Worksheet for Accountancy CBSE Class 12 Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner
Expert teachers of studiestoday have referred to the NCERT book for Class 12 Accountancy to develop the Accountancy Class 12 worksheet. If you download the practice worksheet for one chapter daily, you will get higher and better marks in Class 12 exams this year as you will have stronger concepts. Daily questions practice of Accountancy worksheet and its study material will help students to have a stronger understanding of all concepts and also make them experts on all scoring topics. You can easily download and save all revision worksheet for Class 12 Accountancy also from www.studiestoday.com without paying anything in Pdf format. After solving the questions given in the worksheet which have been developed as per the latest course books also refer to the NCERT solutions for Class 12 Accountancy designed by our teachers
Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner worksheet Accountancy CBSE Class 12
All worksheets given above for Class 12 Accountancy have been made as per the latest syllabus and books issued for the current academic year. The students of Class 12 can be rest assured that the answers have been also provided by our teachers for all worksheet of Accountancy so that you are able to solve the questions and then compare your answers with the solutions provided by us. We have also provided a lot of MCQ questions for Class 12 Accountancy in the worksheet so that you can solve questions relating to all topics given in each chapter. All study material for Class 12 Accountancy students have been given on studiestoday.
Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner CBSE Class 12 Accountancy Worksheet
Regular worksheet practice helps to gain more practice in solving questions to obtain a more comprehensive understanding of Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner concepts. Worksheets play an important role in developing an understanding of Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner in CBSE Class 12. Students can download and save or print all the worksheets, printable assignments, and practice sheets of the above chapter in Class 12 Accountancy in Pdf format from studiestoday. You can print or read them online on your computer or mobile or any other device. After solving these you should also refer to Class 12 Accountancy MCQ Test for the same chapter.
Worksheet for CBSE Accountancy Class 12 Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner
CBSE Class 12 Accountancy best textbooks have been used for writing the problems given in the above worksheet. If you have tests coming up then you should revise all concepts relating to Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner and then take out a print of the above worksheet and attempt all problems. We have also provided a lot of other Worksheets for Class 12 Accountancy which you can use to further make yourself better in Accountancy
You can download the CBSE Printable worksheets for Class 12 Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner for latest session from StudiesToday.com
Yes, you can click on the links above and download Printable worksheets in PDFs for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner Class 12 for Accountancy
Yes, the Printable worksheets issued for Class 12 Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner have been made available here for latest academic session
You can easily access the links above and download the Class 12 Printable worksheets Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner for each chapter
There is no charge for the Printable worksheets for Class 12 CBSE Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner you can download everything free
Regular revision of practice worksheets given on studiestoday for Class 12 subject Accountancy Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner can help you to score better marks in exams
Yes, studiestoday.com provides all latest NCERT Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner Class 12 Accountancy test sheets with answers based on the latest books for the current academic session
Yes, studiestoday provides worksheets in Pdf for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner Class 12 Accountancy in mobile-friendly format and can be accessed on smartphones and tablets.
Yes, worksheets for Part 1 Chapter 4 Reconstitution of a Partnership Firm Retirement/Death of a Partner Class 12 Accountancy are available in multiple languages, including English, Hindi