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Retirement and Death of a Partner
Accountancy · Chapter 4 · Unit 1: Accounting for Partnership Firms
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Your path through this chapter
Visual lesson Beta
- Part 1: Ratios, Goodwill, Revaluation and Reserves21 slides
- Part 2: Settlement, Loan, Balance Sheet and Death19 slides
Flashcards Beta
30 cards for quick recall of key terms and facts.
Review the cards Step 3: Not startedPractice
66 board-style questions with instant checks: Multiple choice 21, Long answer 14, Short answer 10, Assertion and reason 6.
Practise Step 4: Not startedChapter test Free
Short and long chapter tests in board pattern, with results and analysis.
Step 5: Not started- Chapter test (long) — Retirement and Death of a Partner · 40 marks · 90 min
- Chapter test (short) — Retirement and Death of a Partner · 20 marks · 40 min
Topics 4
- New ratio and gaining ratio on retirement/death
- Goodwill, revaluation and reserves on retirement/death
- Settlement of a retiring partner and loan account
- Deceased partner's share of profit and executor's account