Retirement or death of a partner wilt create a situation for the continuing partners, which is known as: (a) Dissolution of Partnership. (b) Dissolution of Partnership Firm; (c) Winding up of business. (d) None of these. (C.B.S.E. Sample Paper 2020) Post category:Accountancy Reading time:1 mins read SOLUTION (a) Dissolution of Partnership. 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 PostNeetu, Meetu and Teetu were partners in a firm. On 1st January, 2018, Meetu retired. On Meetu’s retirement the goodwill of the firm was valued at Rs. 4,20,000. Pass necessary Journal entry for the treatment of goodwill on Meetu’s retirement. (Delhi and A1 2018) Next PostP, Q and R were partners in a firm. On 31st March, 2018 R retired. The amount payable to R Rs. 2,17,000 was transferred to his loan account. R agreed to receive interest on this amount as per the provisions of Partnership Act, 1932. State the rate at which interest will be paid to R. (CBSE 2019) You Might Also Like What is maximum amount of discount which may be allowed on reissue of forfeited shares? (C.B.S.E, 2014) September 28, 2022 At what rate interest on Calls-in-Advance may be paid by a Company according to Table F of Schedule I of the Companies Act, 2013? September 28, 2022 Revenue from Operations, i.e., Net Sales Rs. 8,20,000; Return Rs. 10,000; Cost of Revenue from Operations (Cost of Goods Sold) Rs. 5,20,000; Operating Expenses Rs. 2,09,000; Interest on Debentures Rs. 40,500; Gain (Profit) on Sale of a Fixed Asset Rs. 81,000. Calculate Net Profit Ratio. August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What is maximum amount of discount which may be allowed on reissue of forfeited shares? (C.B.S.E, 2014) September 28, 2022
At what rate interest on Calls-in-Advance may be paid by a Company according to Table F of Schedule I of the Companies Act, 2013? September 28, 2022
Revenue from Operations, i.e., Net Sales Rs. 8,20,000; Return Rs. 10,000; Cost of Revenue from Operations (Cost of Goods Sold) Rs. 5,20,000; Operating Expenses Rs. 2,09,000; Interest on Debentures Rs. 40,500; Gain (Profit) on Sale of a Fixed Asset Rs. 81,000. Calculate Net Profit Ratio. August 17, 2022
