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Retring partner is compensated for parti...

Retring partner is compensated for parting with the firm's future profits in favour of remaining partners. The remaining partners contribute to such compensation amount in :

A

Gaining Ratio

B

Capital Ratio

C

Scrificing Ratio

D

Profit Sharing Ratio

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The correct Answer is:
A
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DK GOEL-RETIREMENT OR DEATH OF A PARTNER-Multiple Choice Questions
  1. Retring partner is compensated for parting with the firm's future prof...

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  2. Gaining Ratio:

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  3. What treatment is made of accumulted profits and losses on the retirem...

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  4. At the time of retirement of a partner, profit on revaluation will be ...

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  5. What journal entry will be recorded for writing off the goodwill alrea...

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  6. What journal entry will be recorded for deceased partner's share in p...

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  7. On retirement of a prtner, goodwill will be credited to the Capital Ac...

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  8. On the death of a partner, the amount due to him will be credited to :

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  9. How goodwill is recorded on the retirement of a partner ?

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  10. A, B and C partners in 3: 4:2 B wants to retire from the firm. The pro...

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  11. A, B and C are partners sharing profits in the ratio of 5:2:1. If the ...

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  12. P, Q and R are partners sharing profits in the ratio of 5:4:3. Q retir...

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  13. A, B and C are partners sharing profits in the ratio of 1//2: 1//4: 1/...

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  14. A, B and C are partners sharing profits in the ratio of 1//4:3//10: 9/...

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  15. X, Y and Z have been sharing profits in the ratio of 4:2:1 Z retires. ...

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  16. P, Q and R have been sharing profits and losses in the ratio of 5:3:2....

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  17. A, B and C share profits and losses of the firm equally. B retires fro...

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  18. P, Q and R have been sharing profits in the ratio of 8:5:3. P retire...

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  19. A, B and C are equal partners. C retires. He surrenders 3//5th of his ...

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  20. P, Q and R partners sharing profits in the ratio of 4:3:2. Q retires a...

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