At the time of retirement of a Partner if retiring Partner's whole amount is treated as loan, then the total amount is Debited in :

In the event of retirement of partner, following deduction has to be made from his/her share.:

Murli, Naveen and Omprakash are partners sharing profits in the ratio of 3 /8 , 1/2 and 1/8 . Murli retires and surrenders 2/3rd of his share in favour of Naveen and the remaining share in favour of Omprakash. The gaining ratio of the remaining partners is-

Naveen, Suresh and Tarun are partners sharing profits and losses in the ratio of 5:3:2. Suresh retires from the firm and his share was acquired by Naveen and Tarun in the ratio 2:1. The new profit sharing ratio is

If at the time of retirement of a partner, the Balance Sheet of a firm shows accumulated profits in the form of general reserve and/or accumulated losses in the form of profit and loss account debit balance, retiring partner is:

(A) Entitled to His/Her share in the accumulated profits.

(B) Not Entitled to His/Her share in the accumulated profits.

(C) Not liable to share the accumulated losses.

(D) Liable to share the accumulated losses.

Choose the correct answer from the options given below:

Param, Quasim and Rozi were partners sharing profits in the ratio of their Capital contribution which was Rs. 12,00,000, Rs. 8,00,000 and Rs. 10,00,000 respectively. Their books are closed on 31st March every year. Param dies on 30th September, 2025. Under the partnership deed, deceased partner is entitled to his share of profit/loss from the closing of last balance sheet till the date of death based on the average profits of preceding three years. If profits were 2022 Rs. 1,00,000; 2023 Rs. 1,30,000 (loss); 2024 Rs. 1,95,000 and 2025 Rs. 1,60,000 then Param's share of profit/loss will be :

At the time of death of a partner, if general reserve appears in the balance sheet, it should be credited to: