CBSE · Class 12 · Accountancy
Retirement and Death of a Partner
Chapter 1.4Accounting for Partnership FirmsCBSE / NCERT · Secondary & Senior Secondary
Topics
Retirement or death
- Change in profit-sharing ratio
- Goodwill, revaluation and reserves
- Capital adjustment and balance sheet
- Retiring partner’s loan account
- Deceased partner’s share of profit and executor’s account
Learning objectives
- Settle a retiring or deceased partner’s account.
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