Ranjana, Sadhna and Kamana are partners sharing profits in the ratio 2:3:4 Ranjana retires; Sadhna and Kamana decided to share profits in future in the ratio of 3:5. Calculate the Gaining Ratio of Sadhna and Kamana.

What will be the sequence of events in case of death of a partner in a partnership firm?

(A) Prepare Deceased Partner's Executor's A/c

(B) Prepare Deceased Partner's Capital A/c

(C) Calculate share of Profit upto date of death for the deceased partner

(D) Revaluation of assests and liabilities

Choose the correct answer from the options given below:

Executor account is prepared on

Arrange the following steps in the order of the accounting treatment in case of death of a partner.

A. Adjustment of capital account of the existing partner.

B. Transfer of share of goodwill to deceased partner's capital account.

C. Transfer of amount from deceased partner's capital account to executor's account.

D. Calculation of New Profit Ratio and Sacrificing Ratio.

Choose the correct answer from the options given below:

From the following options, which one should be deducted in ascertaining the amount due to retiring or deceased partner?

A, B and C are partners in a firm. If B is being retired from the firm, what would be its effect?

A, B, C were partners in a partnership firm their profit sharing ratio was 5:3:2. B retires and the new profit sharing ratio between A and C was 3:2. Calculate gaining ratio.