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### Select the most appropriate alternative from those given below and rewrite the sentence, Chapter 4: Reconstitution of Partnership (Retirement of Partner) [Latest edition]

Balbharati solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board

Chapter 4: Reconstitution of Partnership (Retirement of Partner) [Latest edition]

# Select the most appropriate alternative from those given below and rewrite the sentence.

The Profit or Loss from revaluation on the retirement of a partner is shared by ______.

The remaining partners

All the partners

Only retiring partner

Bank

Decrease in the value of assets should be __________to profit and Loss Adjustment Account.

Debited

Credited

Equal

The balance of the capital account of retired partner is transferred to his _________ account if it is not paid.

Loan

Personal

Current

Son's

Gain ratio _______ Ratio less Old Ratio Gain Ratio _____ Ratio less Old Ratio.

New

Equal

Capital

Sacrifice

New Ratio = Old Ratio + _____ Ratio

Gain

Capital

Sacrifice

Current

Apte, Bhate and Chitale are sharing 1/2, 3/10, and 1/5 if Apte retire their new ratio will be ______ .

5: 2

3: 2

5: 3

2: 5

Balbharati Solutions for Book-keeping and Accountancy 12th Standard HSC Maharashtra State Board.

Chapter 4: Reconstitution of Partnership

(Retirement of Partner)

# EXERCISE - 4 [PAGE 182]

Select the most appropriate alternative from those given below and rewrite the sentence

Write the Word/ Term/ Phrase which can substitute of the following statement

State whether the following statement is true or false with reasons

Fill in the blank and rewrite the following sentence

# PRACTICAL PROBLEMS [PAGES 183 - 186]

Balbharati solutions for Book-keeping and Accountancy 12th Standard Hsc Maharashtra State Board Chapter 4 Reconstitution of Partnership (Retirement of Partner) Practical Problems [Pages 183 - 186]

### Practical Problems | Q 5 | Page 186

Book-keeping and Accountancy 12th Standard

HSC Maharashtra State Board. Latest Syllabus.

Chapter 1: Introduction to Partnership and Partnership Final Accounts

Chapter 2: Accounts of ‘Not for Profit’ Concerns

Chapter 3: Reconstitution of Partnership (Admission of Partner)

Chapter 4: Reconstitution of Partnership (Retirement of Partner)

Chapter 5: Reconstitution of Partnership (Death of Partner)

Chapter 6: Dissolution of Partnership Firm

Chapter 7: Bills of Exchange

Chapter 8: Company Accounts - Issue of Shares

Chapter 9: Analysis of Financial Statements

Chapter 10: Computer In Accounting

ACCOUNTS BOARD PAPERS

HSC Accounts March 2020 Board Paper With Solution

ACCOUNTANCY PAPER PATTERN

SINGLE ENTRY

FINAL ACCOUNT

NPO

BILL OF EXCHANGE

BILL OF EXCHANGE [FORMAT].

RETIREMENT OF PARTNER

DEATH OF PARTNER

ACCOUNTING FOR SHARES

DISSOLUTION OF PARTNERSHIP FIRM

VALUATION OF GOODWILL WITH SOLUTION

FORMAT OF FINAL ACCOUNT

INTRODUCTION TO PARTNERSHIP

ACCOUNTS BOARD PAPERS WITH SOLUTION

IMPORTANT PRACTICE PAPER FOR BOARD EXAM 2020

ACCOUNTS SAMPLE PAPER ONE

ACCOUNTS SAMPLE PAPER TWO

ACCOUNTS SAMPLE PAPER THREE

OBJECTIVE QUESTIONS

SELECT THE MOST APPROPRIATE ALTERNATIVE

WRITE THE WORD/ TERM / PHRASE

STATE TRUE OR FALSE

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