Retirement/Death of a Partner: Class 12 Previous Year Questions

Retirement/Death of a Partner questions asked in CBSE board exams

Repeated questions first. Open the free app to see each question as it appeared in the paper, with its marking scheme.

1. Anish, Bindu and Chandni were partners in a firm sharing profits and losses in the ratio of 2:2:1.Anish died on 31st December, 2023.After all necessary adjustments, Anish's Capital Account showed a credit balance of 5,00,000. Anish's executors were paid 1,00,0…
   Board 20266 markslong answer
2. Lalita, Shivani and Madhuri were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Madhuri retired from the firm on 3lst March, 2025. The balance in her capital account on the date of her retirement was 1,80,000. Lalita and Shivani agree…
   Board 20261 markMCQ
3. (a) Sameer, Rajat and Aastha were partners in a firm sharing profits and losses in the ratio of 2:3:1. Rajat retired from the firm on 31st March, 2025. On the date of Rajat's retirement, the Balance Sheet of the firm showed a balance of 2,40,oo0 in Workmen Com…
   Board 20261 markMCQ
4. Assertion (A) : The retiring partner or the executors of the deceased partner are entitled to their share of goodwill at the time of retirement or death. Reason (R): Goodwill is earned by the firm with the efforts of all the existing partners (including the re…
   Board 20261 markAssertion-Reason
5. Meena, Beena and Veena were partners in a firm sharing profits & losses equally. Their balance sheet as on 31st March, 2022 was as follow : Balance Sheet of Meena, Beena and Veena as on 31st March, 2022 Amount () Liabilities Assets Amount () Capital : Plant an…
   Board 20234 marksshort answer
6. Nidhi, Kunal and Kabir are partners in a firm sharing profits in the ratio of 2 : 1 : 2. Kunal retired and the balance in his capital account after making necessary adjustments on account of reserves, revaluation of assets and reassessment of liabilities was <…
   Board 20231 markMCQ
7. Vimal, Kamal and Nirmal were partners sharing profit & losses in the ratio of 3 : 2 : 1. Vimal died on 30th September, 2020. The partnership deed provides that the share of profit of the deceased partner till the date of his death was to be calculated on the b…
   Board 20221 markvery short
8. Ester, Emma and Lucy were partners in a firm sharing profits in the ratio of 2: 2: 1. The firm closes its books on 31st March every year. On 30th September, 2022 Lucy died. The partnership deed provided that on the death of a partner her executors will be enti…
   CBSE practice 2023-246 markslong answer
9. , , y q 22 Manya ,Sanket and Roopam were partners sharing profit in the ratio of 2:2:1. On 31st March 2023 , their balance sheet was as follows: Liabilities ₹ Assets ₹ Creditors 6,00,000 Fixed Assets 14,00,000 Contingency Reserve 2,00,000 Stock 4,00,000 Capita…
   CBSE practice 2023-244 marksshort answer
10. A, B and C were partners sharing P&L in the ratio 5:3:2. A died on 30th June, 2019. Entry for treatment of goodwill after his death was passed as follows:- Date Particulars L.F Debit (₹) Credit (₹) B’s Capital A/c Dr. C’s Capital A/c Dr. To A’s Capital A/c (En…
    CBSE practice 2022-236 markslong answer
11. Anmol, Bhavya and Chanakya were partners in a firm sharing profit and losses in the ratio of 5:3:2. Chanakya retired and his capital balance after adjustments regarding reserves, accumulated profit & losses and his share of gain on revaluation was ₹ 2,50,000. …
    CBSE practice 2023-241 markMCQ
12. Nirmala, Divisha and Sara were partners in a firm sharing profits and losses in the 3:4:3. Books were closed on 31st March every year. Sara died on 1st February, 2022. As per the partnership deed Sara's executors are entitled to her share of profit till the da…
    CBSE practice 2022-233 marksshort answer

Practise all 13 Retirement/Death of a Partner questions with answers →

Other Class 12 Accountancy chapters

Frequently asked questions