# Accounting for Partnership Firms-Reconstitution and Dissolution (CBSE Class-12 Accountancy): Questions 14 - 22 of 60

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## Question number: 14

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

### Write in Short

How is amount payable to the representative of a deceased partner calculated?

## Question number: 15

» Accounting for Partnership Firms » Reconstitution and Dissolution » Change in the Profit Sharing Ratio

One Liner Question▾

### Write in Brief

At the time of change in profit sharing ratio among the existing partners, where will you record an unrecorded liability?

## Question number: 16

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

### Write in Short

How is the share of profit of a deceased partner calculated from the date of last balance sheet to the date of death?

## Question number: 17

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

One Liner Question▾

### Write in Brief

Give the formula for ‘calculating gaining share’ of a partner in a partnership firm.

## Question number: 18

» Accounting for Partnership Firms » Reconstitution and Dissolution » Admission of a Partner

One Liner Question▾

### Write in Brief

Why is it necessary to revalue assets and reassess liabilities of a firm in case of admission of a new partner?

## Question number: 19

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner

One Liner Question▾

### Write in Brief

State the ratio in which profit or loss on revaluation will be shared by the partners when a partner retires. ;

## Question number: 20

» Accounting for Partnership Firms » Reconstitution and Dissolution » Admission of a Partner

### Write in Short

Enumeration the matters that need adjustment at the time of admission of a new Partner.

## Question number: 21

» Accounting for Partnership Firms » Reconstitution and Dissolution » Change in the Profit Sharing Ratio

One Liner Question▾

### Write in Brief

Anand, Bhutan and Chadha sharing profits in ratio of 3: 2: 1. On 1st April 2007, they decided to share profits equal. Name the partners who is gaining on consequence of such change.

## Question number: 22

» Accounting for Partnership Firms » Reconstitution and Dissolution » Retirement and Death of a Partner