His share of the reduction in the value of goodwill (if any).<\/li>\n<\/ul>\nThe share of the deceased partner can be computed by preparing his capital account. The specimen of the deceased partner’s capital accoiint is as follows : \n <\/p>\n
Payment to the Executors : \n(i) When payment is made in full \nExecutor’s A\/c – Dr. \nTo Bank A\/c \n(For the payment made to executor of deceased partner)<\/p>\n
(ii) When payment is made in instalment: The executors are entitled to interest, when the payment is made in instalment. If partnership deed is silent about this, then 6% p.a. should be given as per Section 37 of the Indian Partnership Act, 1932. \nWhen Interest is due : \nInterest A\/c – Dr. \nTo Executor’s A\/c \nWhen Instalment paid along with interest Executor’s A\/c – Dr. \nTo Cash\/Bank A\/c<\/p>\n
Question 3. \nExplain the treatment of goodwill at the time of retirement or on the event of death of a partner? \nAnswer: \nThe retiring\/deceased partner is entitled to his share of goodwill at the time of retirement\/death because the goodwill has been earned by the firm with the efforts of all the partners. Therefore, goodwill is valued as per agreement, at the time of retirement\/death.<\/p>\n
Due. to retirement\/death of any partner, the remaining partners makes a gain because the future profit will be shared only between the continuing partners. Therefore, the continuing partners should compensate the retiring\/deceased partner for his share of goodwill in the gaining ratio.<\/p>\n
The accounting treatment for goodwill depends upon whether the goodwill already appears in the books of the firm or not. \nWhen goodwill does not appears in the books : \nWhen goodwill does not appears in the books of the firm, there are four following ways to compensate the retiring\/deceased partner for his share of goodwill :<\/p>\n
<\/p>\n
(a) Goodwill is raised at its full value and retained in the books: \nGoodwill A\/c – Dr. \nTo All Partner’s Capital A\/c’s (Individually) \n(For the goodwill raised at its full value and credited to Capital A\/c’s of all partners in their old profit sharing ratio) \nThe full value of goodwill appear in the new balance sheet.<\/p>\n
(b) Goodwill is raised at its full value and written off immediately: \nIf it is decided that the goodwill will not appear in the balance sheet of the reconstituted firm, then following journal entries will pass: \n(i) Goodwill A\/c – Dr. \nTo All Partner’s Capital A\/c’s (individually) \n(For raising of Goodwill and credited to All Partner’s Capital A\/c in their old profit sharing ratio)<\/p>\n
(ii) Remaining Partner\u2019s Capital A\/c’s – Dr. \nTo Goodwill A\/c \n(For written off Goodwill between remaining partners in their new profit sharing ratio)<\/p>\n
(c) Goodwill is raised to the extent of retired\/deceased partner’s share and written off immediately: \n(i) Goodwill A\/c – Dr. \nTo Retiring\/Deceased Partner’s Capital A\/c (For the goodwill raised by share of 1 retiring\/deceased partner)<\/p>\n
(ii) Retiring\/Deceased Partner’s Capital A\/c – Dr. \nTo Goodwill A\/c \n(For the goodwill written off between the remaining partner’s in their gaining ratio)<\/p>\n
(d) No Goodwill account is raised at all in firm’s books : \nIf the retiring\/deceased partner’s share of goodwill is adjusted in the capital accounts of the remaining partners without opening a goodwill account, the following entry will required :<\/p>\n
Remaining Partner’s Capital A\/c – Dr. \nTo Retiring\/Deceased Partner’s Capital A\/c \n(For the share of retiring\/deceased partner in the goodwill adjusted through capital accounts in the gaining ratio)<\/p>\n
When Goodwill is already appearing in the books: \n(a) If the value of goodwill appearing is equal to the current value of goodwill of the firm : \nNormally, no adjustment is required if both the amounts are same. Because goodwill stands credited in the accounts of all the partners including the retiring\/deceased one.<\/p>\n
(b) If the book value of goodwill is lower than its present value: if the book value is less than the current value, the difference will be debited to goodwill account and credited to Old Partner’s Capital Accounts in their old profit sharing ratio \nGoodwill A\/c – Dr. \nTo a All Pamter’s Capital A\/c (individually) \n(For goodwill raised to its present value)<\/p>\n
(c) If the book value of Goodwill is more than the agreed or present value: \nIf the book value of goodwill is more than the present value, the difference will be debited to the All Partner’s Capital Account in their old profit sharing ratio and credited to the goodwill account.<\/p>\n
All Partner’s Capital A\/c (individually) – Dr. \nTo Goodwill A\/c \n(For goodwill brought down to its present value)<\/p>\n
Alternatively: \n1. First write off the existing goodwill appearing in the books: \nAll Partner’s Capital A\/c (individually) – Dr. \nTo Goodwill A\/c \n(For write off goodwill to all partners in their old profit sharing ratio)<\/p>\n
2. Adjust retiring\/deceased partner’s share of goodwill through Capital Accounts: \nRemaining Partner’s Capital A\/c – Dr. \nTo Retiring\/Deceased Partner’s Capital A\/c \n(For goodwill share of retiring\/deceased partner adjusted to remaining partner’s capital Accounts in their gaining ratio)<\/p>\n
Hidden Goodwill: \nIf the firm has agreed to settle the retiring\/deceased partner by paying him a lump sum, then the amount paid to him in excess of what is due to him based on the capital accounts balance after making all adjustments like accumulated profits and losses and revaluation profit or loss etc. shall be treated as his share of goodwill known as hidden goodwill.<\/p>\n
Question 4. \nDiscuss he various methods of computing the share in profits in the event of death of a partners. \nAnswer: \nThe executors of the deceased partner will be entitled to his share of profit accrued upto the date of death. To avoid the preparation. of final accounts on the date of death, it is provided in the partnership deed that, in the event of the death of a partner, his share of the accurring profit upto to the date of death is to calculated on the basis of profits of the last year or on the basis of profits of last few years or on the basis of sales.<\/p>\n
Therefore it is calculated by any one of the following methods : \n(i) On the basis of time \n(ii) On the basis of turnover<\/p>\n
(i) On the basis of time : Here, we have to assumed that profit was uniform throughout the year. According to this method, profit may be calculated by any one of following method :<\/p>\n
(a) On the basis of last year’s profit: \nProfit of the firm till the date of death of partner \n\\(=\\frac{\\text { Previous YearProfit }}{12} \\) \nBalance Sheet to the date of death \nShare of Deceased Partner = Profit of the firm till the date of death x Deceased Partner’s Share.<\/p>\n
(b) On the basis of average profits : \n\\(\\text { Average Profit }=\\frac{\\text { Total Profit of given years }}{\\text { No. of years }}\\) \nProfit of the firm till the daite of death of pamter \n\\(=\\frac{\\text { Average Profit }}{12} \\times\\) Number of month ftom last. \nBalance Sheet to the date of death Share of Deceased Partner = Profit of the firm till the date of \ndeath of partner x Deceased Partner’s Share.<\/p>\n
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Example: Shubu, Shuchita and Puneeta were partners in a firm sharing profits and losses in the ratio 5:3:2. Shuchita dies on 30th June, 2006 i.e. six months after closing of the books. Profit for last three years:<\/p>\n
Years —– Rs. \n2003 —– 50,000 \n2004 —– 40,000 \n2005 —- 30,000<\/p>\n
Compute the Shuchita’s share of profit on the date of death: \n(i) On the basis of immediately preceding year’s profit. \n(ii) On the basis of average profits of the preceding three years. \nSolution : \n(i) Profit of the firm till the date of death of partner \n\\(=\\frac{\\text { Previous Year Profit }}{12}\\) No. of months from last \nBalance Sheet to the date of death \n <\/p>\n
(ii) On the basis of turnover (or sales): \nProfit of the firm till the date of death of partner<\/p>\n
Average Profit of a given No. of years OR Previous Year’s Profit \n\\(=\\frac{\\times \\text { Sale from the date of last Balance Sheet till the date of death }}{\\text { Sale of Last Year }}\\)<\/p>\n
Share of Deceased Partner = Profit of the firm till the date of death x Deceased Partner’s Share<\/p>\n
Example : A, B and C are partners sharing profit in the ratio of 3 :2 :1. B dies on 1 st July 2006, whereas books of accounts are closed on 31st March, every year. Sale of last year amount to Rs. 4,00,000 and that from 1st April to 30th June, 2006 to Rs. 1,50,000. The previous year profit amounted Rs. 40,000. Compute B’s share of profit in the firm from 31st March to 30th June, 2006 on the basis of sales. \nProfit of the firm till the date of death of partner \n <\/p>\n
Numerical Questions<\/span><\/p>\nQuestion 1. \nApama, Manisha and Sonia are partners sharing profits in the ratio of 3 : 2 : 1. Manisha retires and goodwill of the firm is valued at Rs. 1,80,000. Apama and Sonia decided to share future in the ratio of 3 : 2. Pass necessary journal entries. \nAnswer: \n \nWorking Notes: \n(i) Old ratio of Apama, Manisha and Sonia = 3:2:1 \nNew ratio of Apama and Sonia =3:2 \nGaining ratio = New ratio – Old ratio \n <\/p>\n
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Question 2. \nSangeeta, Saroj and Shanti are partners sharing profits in the ratio of 2 :3 : 5. Goodwill is appearing in the books at a value of Rs. 60,000. Sangeeta retires and goodwill is valued at Rs. 90,000, Saroj and Shanti decided to share future profits equally. Record necessary journal entries. \nAnswer: \n \n \n <\/p>\n
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Question 3. \nHimanshu, Gagan and Naman are partners sharing profits and losses in the ratio of 3 : 2 :1. On March 31, 2007 Naman retires. \nThe various assets and liabilities of the firm on the date were as follows: \nCash Rs. 10,000; Building Rs. 1,00,000; Plant and Machinery Rs. 40,000; Stock Rs. 20,000; Debtors Rs. 20,000 and Investments Rs. 30,000. \nThe following was agreed upon between the partners on Naman’s retirement: \n(i) Building to be appreciated by 20%. \n(ii) Plant and Machinery t o be depreciated by 10%. \n(iii) A provision of 5% on debtors to be created for bad and doubtful debts. \n(iv) Stock was to be valued at Rs. 18,000 and Investment at Rs. 35,000. \nRecord the necessary journal entries to the above effect and prepare the revaluation account. \nAnswer: \n \n <\/p>\n
Question 4. \nNaresh, Raj Kumar and Bishwajeet are equal partners. Raj Kumar decides to retire. On the date of his retirerftent, the Balance Sheet of the firm showed the following: General Reserves Rs. 36,000 and Profit and Loss Account (Dr.) Rs. 15,000. Pass the necessary journal entries to the above effect. \nAnswer: \n <\/p>\n
Question 5. \nDigvi jay, Brijesh and Parakaram were partners in a firm sharing profits in the ratio of 2 : 2 : 1. Their Balance Sheet as on March 31, 2007 was as follows: \nAnswer: \n \nBrijesh retired on March 31, 2007 on the following terms: \n(i) Goodwill of the firm was valued at Rs. 70,000 and was not to appear in the books. \n(ii) Bad debts amounting to Rs. 2,000 were to be written off. \n(iii) Patents were considered as valueless. \nPrepare Revaluation Account, Partners Capital Accounts and the Balance Sheet of Digvijay and Parakaram after Brijesh\u2019s retirement. \n(Ans. Loss on Revaluation Rs. 11,000, Balance of Capital Accounts:Digvijay Rs. 66,333 and Parakaram Rs. 67,667, Balance Sheet Total Rs. 2,74,000) \nAnswer: \n <\/p>\n
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Question 6. \nRadha, Sheela and Meena were in partnership sharing profits and losses in the proportion of 3:2:1. On April 1,2007. Sheela retires from the firm. On that date, their Balance Sheet was as follows: \nAnswer: \n \nThe terms were: \n(a) Goodwill of the firm was valued at Rs. 13,000. \n(b) Expenses owing to be brought down to Rs. 3,750. \n(c) Machinery and Loose Tools are to be valued at 10% less than their book value. \n(d) Factory premises are to be revalued at Rs. 24,300. \nPrepare: \n1. Revaluation Account; \n2. Partner’s Capital Accounts; and \n3. Balance Sheet of the firm after retirement of Sheela. \n(Ans. Profit on revaluation Rs. 1,350, Balance of Capital Accounts: Radha Rs. 19,050 and Meena Rs. 16,350, Balance Sheet Total = Rs. 71,100) \nAnswer: \n <\/p>\n
<\/p>\n
\n \n <\/p>\n
Question 7. \nPankaj, Naresh and Saurabh are partners sharing profits in the ratio of 3 : 2 : 1. Naresh retired from the firm due to his illness. On that date the Balance Sheet ot the firm was as follows : \nAnswer: \n \nAdditional Information: \n(i) Premises have appreciated by 20%, stock depreciated by 10% and provision for doubtful debts was to be made 5% on debtors. Further, provision for legal damages is to be made for Rs. 1,200 and furniture to be brought up to Rs. 450. \n(ii) Goodwill of the firm be valued at Rs. 42,000. \n(iii) Rs. 26,000 from Naresh’s Capital Account be transferred to his loan account and balance be paid through bank; if required, necessary loan may be obtained from Bank. \n(iv) New profit sharing ratio of Pankaj and Saurabh is decided to be 5 :1. Give the necessary ledger accounts and balance sheet of the firm after Naresh’s retirement. \n(Ans.Profit on Revaluation Rs. 18,000, Balance of Capital Account of Pankaj, Rs. 47,000 and Saurabh, Rs. 25,000). \n(Total amount at Credit in Naresh’s Capital = Rs. 54,000, Balance Sheet Total = Rs. 1,54,800) \nAnswer: \n <\/p>\n
\n \n \n <\/p>\n
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Question 8. \nPuneet, Pankaj and Pammy are partners in a business sharing profits and losses in the ratio of 2 : 2 :1 respectively. Their balance sheet as on March 31,2007 was as follows : \n <\/p>\n
Mr. Pammy died on September 30,2007. The partnership deed provided the following: \n(i) The deceased partner will be entitled to his share of profit up to the date of death calculated on the basis of previous year’s profit.<\/p>\n
(ii) He will be entitled to his share of the goodwill of the firm calculated on the basis of 3 years’ purchase of average of last 4 years, profit. The profits for the last four financial years are given below : for 2003-04, Rs. 80,000; for 2004-05, Rs. 50,000; for 2005-06, Rs. 40,000; for 2006-07, Rs. 30,000.<\/p>\n
The drawings of the deceased partner up to the date of death amounted to Rs. 10,000. Interest on capital is to be allowed at 12% per annum. Surviving partners agreed that Rs. 15,400 should be paid to the executors immediately and the balance in four equal yearly instalments with interest at 12% p.a. on outstanding balance. Show Mr. Pammy’s Capital Account, his Executor’s account till the settlement of the amount due. \n(Ans. Total amount due is Rs. 75,400) \nAnswer: \n \n \n <\/p>\n
Working Notes: \n(i) The date of closing the accounts in 31st March and date of payment of an instalment is 30th September. \n(ii) Total amount due to Pammy’s Executor Rs. 60,000 is payable in four equal annual instalments.<\/p>\n
Yearly Instalment = \\(\\text { Rs. } \\frac{60,000}{4}\\) \n= Rs. 15,000 Plus Interest.<\/p>\n
(iii) Interest on capital for 6 months i.e. from March 31st, 2007 to September 30th, 2007 \n= Rs. 40,000 \\(\\times \\frac{12}{100} \\times \\frac{6}{12} \\) \n= Rs. 2,400,<\/p>\n
(iv) Share in accurred profit for 6 months on the basis of previous year’s profit: \nLast year’s Profit = Rs. 30,000<\/p>\n
Pammy’s Share in Profit = Rs. 30,000 \\(\\frac{6}{12} \\times \\frac{1}{5}\\) \n= Rs. 3,000.<\/p>\n
<\/p>\n
(v) Goodwill \nGoodwill of the firm = Average Profit x 3 \nTotal profit of last four years : \n <\/p>\n
Goodwill of the firm = Rs. 50 ,000 x 3 = Rs. 1,50,000 \nPammy\u2019s Share = Rs. 1,50,000 \\(\\times \\frac{1}{5}\\) = Rs. 30,000 \n(adjusted to Puneet\u2019s and Pankaj\u2019s Capital A\/c in their gaining ratio 1: 1)<\/p>\n
Question 9. \nFollowing is the Balance Sheet of Prateek, Rockey and Kushal as on March 31, 2007: \n \nRockey died on June 30,2007. Under the terms of the partnership deed, the executors of a deceased partner were entitled to : \n(a) Amount standing to the credit of the Partner’s Capital Account; \n(b) Interest on capital at 5% per annum; \n(c) Share of goodwill on the basis of twice the average of the past three years profit; and \n(d) Share of profit from the closing date of the last financial year to the date of death on the basis 6f last year’s profit. \nProfits for the year ending on March 31, 2005; March 31, 2006 and March 31, 2007 were Rs. 12,000; Rs. 16,000 and Rs. 14,000 respectively. Profits were shared in the ratio of capitals. \nPass the necessary journal entries and draw up Rockey’s Capital Account to be rendered to his executor. \n(Ans. Rockey’s Executor Account is Rs. 33,821.) \nAnswer: \n <\/p>\n
<\/p>\n
\n \n <\/p>\n
Question 10. \nNarang, Suri and Bajaj are partners in a firm sharing profits and losses in proportion of 1\/2,1\/6 and 1\/3 respectively. The Balance Sheet on April 1, 2007 was as follows: \n \nBajaj retires from the business and the partners agree to the following: \n(a) Freehold premises and stock are to be appreciated by 20% and 15% respectively. \n(b) Machinery and furniture are to be depreciated by 10% and 7% respectively. \n(c) Bad Debts reserve is to be increased to- Rs. 1,500. \n(d) Goodwill is valued at Rs. 21,000 on Bajaj’s retirement. \n(e) The continuing partners have decided to adjust their capitals in their new profit sharing ratio, after retirement of Bajaj. Surplus\/deficit, if any, in their capital accounts will be adjusted through current accounts. \nPrepare necessary ledger accounts and draw the Balance Sheet of the reconstituted firm. \n(Ans. Profit on Revaluation, Rs. 6,960; Balance in Capital Accounts of Narang, Rs. 49,230; and that of Suri, Rs. 16,410. Amount at Credit in Bajaj Capital is Rs. 41,320.) \nAnswer: \n \n <\/p>\n
<\/p>\n
\n \nNew Capital in ratio i.e. 3: 1 \nNarangs Capital Rs. 65640 x \\(\\frac{3}{4}\\) \nRs. 49,230 \nSuris Capital = Rs. 65,6443 x \\(\\frac{1}{4}\\) \n= Rs. 16,410<\/p>\n
Question 11. \nThe Balance Sheet of Rajesh, Pramod and Nishant who were sharing profits in proportion to their capitals stood as on March 31, 2007. \n \nPramod retired on the date of Balance Sheet and the following adjustments were made: \n(i) Stock was valued at 10% less than the book value. \n(ii) Factory buildings were appreciated by 12%. \n(iii) Reserve for doubtful debts be created up to 5%. \n(iv) Reserve for legal charges to be made at Rs. 265. \n(v) The goodwill of the firm be fixed at Rs. 10,000 \n(vi) The capital of the new firm be fixed at Rs. 30,000. The continuing partners decide to keep their capitals in the new profit sharing ratio of 3 : 2.<\/p>\n
Pass journal entries and prepare the balance sheet of the reconstituted firm after transferring the balance in Pramod’s Capital Account to his loan account. \n(Ans. Loss on Revaluation, Rs. 400; Balance in Capital Accounts of Rajesh, Rs. 18,940; and of Nishant, Rs. 14,705; Pramod\u2019s Loan Rs. 18,705, Balance Sheet Total = Rs. 65,220.) \nAnswer: \n \n \n <\/p>\n
<\/p>\n
\n \n \n \n(adjusted in the Capital Accounts of Rajesh and Nishant \u00a1ri their gaining ratio i.e. 2:1.)<\/p>\n
Question 12. \nFollowing is the Balance Sheet of Jam, Gupta and Matik as on March 31, 2002: \n \nThe partners have been sharing profits in the ratio of 5:3:2. Malik decides to retire from business on April 1, 2002 and his share in the business is to be calculated as per the following terms of revaluation of assets and liabilities: Stock, Rs. 20,000; Office furniture, Rs. 14,250; Plant and Machinery, Rs. 23,530; Land and Building, Rs. 20,000.<\/p>\n
A provision of Rs. 1,700 to be created for doubtful debts. The goodwill of the firm is valued at Rs. 9,000. ? The continuing partners agreed to pay Rs. 16,500 as cash on retirement of Malik, to be contributed by continuing partners in the- ratio of 3:2. The balance in the capital account of Malik will be treated as loan. Prepare Revaluation Account, Capital Accounts, and Balance Sheet of the reconstituted firm. \nAnswer: \nRevaluation Account \n \n <\/p>\n
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\n \n(ii) Goodwill : \nGoodwill of the firm = Rs. 9,000 \nMaliks share = Rs. 9,000 x \\(\\frac{2}{10}\\) \n= Rs. 1,800 \n(adjusted to Capital A\/c\u2019s of Jair and Gupta in their gaining ratio i.e. 1:3)<\/p>\n
(iii) The amount of Rs. 16,500 payable to Malik on his retirement will be shared by Jain and Gupta in their new profit sharing ratio i.e. 3 : 2, assuming that there will be no change in the amount of cash of Rs. 5,500 shown in the balance sheet as required for working capital. Therefore the contribution made by the continuing partners are as follows. \n <\/p>\n
Question 13. \nArti, Bharti and Seema are partners sharing profits in the proportion of 3 : 2 :1 and their Balance Sheet as on March 31, 2003 stood as follows: \n <\/p>\n
Bharti died on June 12, 2003 and according to the deed of the said partnership, her executors are entitled to be paid as under: \n(a) The capital to her credit at the time of her death and interest thereon @ 10% per annum.<\/p>\n
(b) Her proportionate share of reserve fund.<\/p>\n
(c) Her share of profits for the intervening period will be based on the sales during that period, which were calculated as Rs. 1,00,000. The rate of profit during past three years had been 10% on sales.<\/p>\n
(d) Goodwill according to her share of profit to be calculated by taking twice the amount of the average profit of the last three years less 20%. The profits of the previous years were: \n2001 \u2014 Rs. 8,200 \n2002 \u2014 Rs. 9,000 \n2003 \u2014 Rs. 9,800<\/p>\n
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The investments were sold for Rs. 16,200 and her executors were paid out. Pass the necessary journal entries and write the account of the executors of Bharti. \nAnswer: \n \n \n \n <\/p>\n
Question 14. \nNithya, Sathya and Mithya were partners sharing profits and losses in the ratio of 5:3:2. Their Balance Sheet as on December 31,2002 was as follows : \n \nMithya dies on May 1, 2002. The agreement between the executors of Mithya and the partners stated that: \n(a) Goodwill of the firm be valued at 2 Vitimes the average profits of last four years. The profits of four years were: in 1998, Rs. 13,000; in 1999, Rs. 12,000; in 2000, Rs. 16,000; and in 2001, Rs. 15,000.<\/p>\n
(b) The patents are to be valued at Rs. 8,000, Machinery at Rs. 25,000 and Premises at Rs. 25,000. \n(c) The share of profit of Mithya should be calculated on the basis of the profit of 2002. \n(d) Rs. 4,200 should be paid immediately and the balance should be paid in 4 equal half-yearly instalments carrying interest @ 10%.<\/p>\n
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Record the necessary journal entries to give effect to the above and write the executor’s account till the amount is fully paid. Also prepare the Balance Sheet of Nithya and Sathya as it would appear on May 1, 2002 after giving effect to the adjustments. \nAnswer: \n \n \n \n \n \nMithyas Share = Rs. 35,000 x \\(\\frac{2}{10}\\) = Rs. 7000 \nHis share of goodwill is adjusted in capital A\/c\u2019s of Nithya and Sathya in their gaining ratio i.e. 5 : 3.<\/p>\n
(ii) Share of Profit \nLast year profit = Rs. 15,000 \nMithya\u2019s Share = Rs. 15,000 x \\(\\frac{4}{12} \\times \\frac{2}{10}\\) \n= Rs. 1,000<\/p>\n
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Detailed, Step-by-Step NCERT Solutions for 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement \/ Death of a Partner Questions and Answers were solved by Expert Teachers as per NCERT (CBSE) Book guidelines covering each topic in chapter to ensure complete preparation. Reconstitution of Partnership Firm: Retirement \/ Death of a Partner NCERT Solutions for …<\/p>\n
NCERT Solutions for Class 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement \/ Death of a Partner<\/span> Read More »<\/a><\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":""},"categories":[3],"tags":[],"yoast_head":"\nNCERT Solutions for Class 12 Accountancy Chapter 4 Reconstitution of Partnership Firm: Retirement \/ Death of a Partner - MCQ Questions<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n