Skip to main content
Super TutorResources
Chapter 4 of 10
QuestionsNotesFlashcardsSummaryFormulasQuizConceptsSyllabusPlan
Formula Sheet

Reconstitution of Partnership : Retirement of a Partner

ICSE · Class 12 · Accountancy

All formulas from Reconstitution of Partnership : Retirement of a Partner in ICSE Class 12 Accountancy. Key equations, constants, and identities for board exam preparation.

39 questions40 flashcards5 concepts

Interactive on Super Tutor

Studying Reconstitution of Partnership : Retirement of a Partner? Get the full interactive chapter.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for formula sheet and more.

Try Super Tutor — Free

1,000+ Class 12 students started this chapter today

7 Formulas · 2 Sections

Formulas

Profit Sharing Ratios

New share = Old share + Acquired Gaining share

Gaining ratio = New ratio - Old ratio

Sacrificing ratio = Old ratio - New ratio

Goodwill

Average Profit = Total Profits ÷ No. of Years

Super Profit = Average Profit − Normal Profit

Goodwill = Super Profit × No. of years' purchase

Retiring Partner's Share of Goodwill = Firm's Goodwill × Retiring Partner's Old Share

Full sheet with units and worked examples

View All

Frequently Asked Questions

What are the important topics in Reconstitution of Partnership : Retirement of a Partner for ICSE Class 12 Accountancy?
Key topics in Reconstitution of Partnership : Retirement of a Partner include Complete Chapter Overview: Retirement of a Partner, Retirement of a Partner - Complete Chapter Overview, Partner Retirement Process Flow. These are the concepts ICSE Class 12 examiners draw on most — study them first, then practise related questions.
How to score full marks in Reconstitution of Partnership : Retirement of a Partner — ICSE Class 12 Accountancy?
Understand the core concepts first, then work through the 39 practice questions available for this chapter. Revise formulas and definitions regularly, and use flashcards for quick recall before the exam.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

More resources for Reconstitution of Partnership : Retirement of a Partner

All 10 chapters — ICSE Class 12 Accountancy Formula Sheet

For serious students

Get the full Reconstitution of Partnership : Retirement of a Partner chapter — for free.

Quizzes, flashcards, AI doubt-solver and a step-by-step study plan for ICSE Class 12 Accountancy.

Try Super Tutor Free
Try the full chapter — Free