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Reconstitution of a Partnership Firm – Retirement/Death of a Partner

Madhya Pradesh Board · Class 12 · Accountancy

Flashcards for Reconstitution of a Partnership Firm – Retirement/Death of a Partner — Madhya Pradesh Board Class 12 Accountancy. Quick Q&A cards covering key concepts, definitions, and formulas.

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A flowchart showing the process of distributing accumulated profits (reserves) and losses among old partners in their old profit sharing ratio.
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Card 1New Profit Sharing Ratio

What is a new profit sharing ratio in retirement or death of a partner?

Answer

New profit sharing ratio is the ratio in which the remaining partners will share future profits after the retirement or death of a partner. New Share = Old Share + Acquired Share from the outgoing par…

Card 2नया लाभ-साझाकरण अनुपात

किसी भागीदार की सेवानिवृत्ति या मृत्यु में लाभ साझा करने का नया अनुपात क्या है?

Answer

New profit sharing ratio is the ratio in which the remaining partners will share future profits after the retirement or death of a partner. New Share = Old Share + Acquired Share from the outgoing par…

Card 3लाभ अनुपात

लाभ अनुपात क्या है?

Answer

लाभ अनुपात वह अनुपात है जिसमें निरंतर भागीदारों ने सेवानिवृत्त या मृत भागीदार से हिस्सा प्राप्त किया है। इसका उपयोग बाहर जाने वाले भागीदार को सद्भावना और अन्य समायोजन के लिए क्षतिपूर्ति करने के लिए कि…

Card 4Gaining Ratio

What is the gaining ratio?

Answer

The gaining ratio is the ratio in which the continuing partners have acquired the share from the retiring or deceased partner. It is used to compensate the outgoing partner for goodwill and other adju…

Card 5Gaining Ratio Calculation

How is gaining share of a continuing partner calculated?

Answer

Gaining Share of Continuing Partner = New share – Old share. This is used when the new profit sharing ratio of the continuing partners is given.

Card 6लाभ अनुपात गणना

एक निरंतर भागीदार का हिस्सा प्राप्त करने की गणना कैसे की जाती है?

Answer

Gaining Share of Continuing Partner = New share – Old share. This is used when the new profit sharing ratio of the continuing partners is given.

Card 7पुनर्निर्माण

जब कोई भागीदार सेवानिवृत्त होता है या मर जाता है तो साझेदारी फर्म के कार्य कैसे प्रभावित होते हैं?

Answer

फर्म का पुनर्गठन किया जाता है। मौजूदा साझेदारी विलेख समाप्त हो जाता है और एक नया विलेख तैयार किया जाता है। शेष साझेदार परिवर्तित नियमों और शर्तों पर व्यवसाय जारी रखते हैं।…

Card 8Reconstitution

How are the affairs of a partnership firm affected when a partner retires or dies?

Answer

The firm is reconstituted. The existing partnership deed ends, and a new deed is framed. The remaining partners continue business on changed terms and conditions.

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