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What treatment is made of accumulted pro...

What treatment is made of accumulted profits and losses on the retirement of a partner ?

A

Credited to all partner's capital accounts in old ratio.

B

Debited to all partner's capital accounts in old ratio.

C

Credited to remaining partner's capital accounts in new ratio.

D

Credited to remaining partner's capital accounts in gaining 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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