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Accountancy: Partnership Firms
Class 12PDF
Watch this chapter
Accountancy · Class 12Retirement or Death of a PartnerVideo coming soonRead the notes instead
Free notes for this chapterMark as Completed
Gaining Ratio, Goodwill on Retirement, Revaluation and Reserves and the board questions built on them — roughly 10 marks of the paper.
What this chapter covers
- 1Gaining Ratio
- 2Goodwill on Retirement
- 3Revaluation and Reserves
- 4Retiring Partner's Loan Account
- 5Executor's Account
- 6Joint Life Policy
These lessons are being recorded. The written notes for this chapter are free to download now.
Learning resources
Seedha Notes
Chapter notes withimportant points,examples & format
View Notes for Retirement or Death of a Partner, AccountancyPractice Questions
Important questions,board questions,numericals
Practice Now for Retirement or Death of a Partner, AccountancyPrevious yearquestions withfull solutions
View PYQs for Retirement or Death of a Partner, AccountancySample Paper
Board patternsample paper withmarking scheme
Open Paper for Retirement or Death of a Partner, Accountancy
In the notes
Topics covered
- 01Gaining Ratio30:28
- 02Goodwill on Retirement21:32
- 03Revaluation and Reserves16:59
- 04Retiring Partner's Loan Account27:46
- 05Executor's Account12:35
- 06Joint Life Policy16:12
After this chapter you can
- Explain gaining ratio without reading from the book
- Present goodwill on retirement in the format the marking scheme rewards
- Attempt every previous year question set on this chapter
- Marks
- 10
- PYQs
- 25
- Video
- 2h 6m
Then do the work
- One-shot revision, 32 minutes
- Format sheet for this chapter
- Printable summary, 2 pages
Prepare
| Year | Asked as | Marks |
|---|---|---|
| 2025 | Case based | 12 |
| 2024 | Short answer | 4 |
| 2023 | Long answer | 4 |
| 2022 | MCQ set | 8 |
| 2021 | Case based | 8 |
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