Matching Type MCQs of Death of Partner Class 12 with Answers
Matching Type MCQs of Death of Partner Class 12 with Answers
Match the following items:
| (i) Profit and Loss Appropriation Account | (A) Distribution of General Reserve |
| (ii) Profit and Loss Suspense Account | (B) Distribution of Net Profit |
| (C) Decreased partner’s share of loss up to the date of his death |
Options
(a) i-(A), ii-(B)
(b) i-(B), ii-(C)
(c) i-(C), ii-(A)
(d) i-(B), ii-(A)
Ans – (b)
Match the following items:
| (i) Retirement of a partner leads to: | (a) No change in profit sharing ratio |
| (ii) Death of a partner leads to: | (b) Loss in profit sharing ratio |
| (iii) Admission of a partner leads to: | (c) Gain in profit sharing ratio |
Options
(a) i-C, ii-C, iii-B
(b) i-A, ii-B, iii-D
(c) i-B, ii-A, iii-D
(d) i-D, ii-B, iii-C
Ans – (a)
Match the following items:
| (i) Advertisement Suspense A/c appearing in Balance Sheet at the time of death of a partner | (A) New Ratio |
| (ii) Profit earned after retirement of partner is distributed among remaining partners in | (B) Old Ratio |
| (C) Sacrifice Ratio | |
| (D) Gaining Ratio |
Options
(a) i-B, ii-A, iii-D
(b) i-C, ii-B, iii-A
(c) i-C, ii-C, iii-B
(d) i-A, ii-B, iii-C
Ans – (c)
