What is meant by retirement of a partner? Post category:Accountancy Reading time:1 mins read SOLUTION Retirement of a partner is one of the modes of reconstituting the firm under which the existing partnership deed comes to an end and in its place a new one among the remaining partners comes into existence. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostA, B and C are partners sharing in the ratio of 3: 2: 1. They admit D for l / 4th share. It is agreed that B would retain his original share. New ratio will be………. (C.B.S.E. Comptt. 2019) Next PostWhat is meant by ‘Gaining Ratio’ on retirement of a partner? You Might Also Like Do you think that the loan by a partner is transferred to Realisation Account at the lime of dissolution of a firm? Why? September 27, 2022 Dividend paid by a Trading or Manufacturing Company is classified under which kind of activity while preparing Cash flow statement? October 6, 2022 Calculate Operating Profit Ratio, in each of the following alternative cases: Case 1: Revenue from Operations (Net Sales) Rs. 10,00,000; Operating Profit Rs. 1,50,000. Case 2: Revenue from Operations (Net Sales) Rs. 6,00,000; Operating Cost Rs. 5,10,000. Case 4: Revenue from Operations (Net Sales) Rs. 3,60,000; Gross Profit 20% on Sales; Operating Expenses Rs. 18,000. Case 4: Revenue from Operations (Net Sales) Rs. 4,50,000; Cost of Revenue from Operations Rs. 3,60,000; Operating Expenses Rs. 22,500. Case 5: Cost of Goods Sold, i.e., Cost of Revenue from Operations Rs. 8,00,000; Gross Profit 20% on Sales; Operating Expenses Rs. 50,000. August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Do you think that the loan by a partner is transferred to Realisation Account at the lime of dissolution of a firm? Why? September 27, 2022
Dividend paid by a Trading or Manufacturing Company is classified under which kind of activity while preparing Cash flow statement? October 6, 2022
Calculate Operating Profit Ratio, in each of the following alternative cases: Case 1: Revenue from Operations (Net Sales) Rs. 10,00,000; Operating Profit Rs. 1,50,000. Case 2: Revenue from Operations (Net Sales) Rs. 6,00,000; Operating Cost Rs. 5,10,000. Case 4: Revenue from Operations (Net Sales) Rs. 3,60,000; Gross Profit 20% on Sales; Operating Expenses Rs. 18,000. Case 4: Revenue from Operations (Net Sales) Rs. 4,50,000; Cost of Revenue from Operations Rs. 3,60,000; Operating Expenses Rs. 22,500. Case 5: Cost of Goods Sold, i.e., Cost of Revenue from Operations Rs. 8,00,000; Gross Profit 20% on Sales; Operating Expenses Rs. 50,000. August 17, 2022