DK Goel Accountancy class 12 answers chapter 4 Retirement or demise of a partner which is printed by using professional Accountancy instructors from the latest model of DK Goel Accountancy class 12 textbook solutions. We provide DK Goel solutions to help students to realize all the theories mainly research extra principles in Accountancy, however, the ideas of Admission of a companion, Accounting Ratios and coins glide announcement is required.
DK Goel Solutions Class 12 – Chapter 4 – Part A
Question 1
X, Y, and Z are associates sharing profits and losses in the ratio 3:2: 1. Calculate the new ratios when (i) X retires (ii) Y retires (iii) Z retires
Solution: The new ratio of the left partners will be calculated by striking out the share of the retiring partners. Therefore,
(i) When X retires, the new ratio between Y and Z is 2:1
(ii) When Y retires, the new ratio between X and Z is 3:1
(III) When Z retires, the new ratio between X and Y is 3:2
Question 2
A, B, and C are associates in a company sharing profits in the ratio 5:4:3. B retired and his share was distributed evenly between A and C. Determine the new profit-sharing ratio of A and C.
Question 3
A, B, C, and D are associates sharing profits in the ratio of 3:4:3:2. On the retirement of C, the goodwill was valued at ₹6,00,000. A, B and D decided to show future profits equally. Pass the necessary journal entry for the retirement of goodwill.
Question 4
A, B and C were partners sharing profits in the ration of 5:4:3. C retired and his share was taken up by A and B in the ratio of 3:2. Find out the new ratio.
Related Links
| DK Goel Accountancy Solutions Class 12 – Part A (Chapter wise) | |
| Chapter 1 Change in Profit Sharing Ratio Among the Existing Partners | Chapter 3 Admission of a partner |
| Chapter 2 Retirement or Death of a Partner | Chapter 5 Dissolution of a Partnership Firm |
DK Goel Accountancy Solutions Class 12 – Part A (Chapter wise)
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