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

The ratio in which the continuing partners have acquired the share from the deceased partner is known as .......

If X share of profit was to be calculated on the basis of Average Profit of the last three years, which were Rs. 1,36,000 for 2018-19, Rs. 1,54,000 for 2019-20 and Rs. 1,00,000 for 2020-21. X share of profit for the period from April 01, 2020 to June 30, 2020 shall be calculated on the basis of Average Profit. The profit sharing ration is 4 : 5 : 1 between X, Y and Z.

His share of profit will be:

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.

Which of the following deduction may be made from the sum due to the retiring partner?

In the absence of any information regarding the acquisition of share in profit of the retiring/deceased partner by the remaining partners, it is assumed that they will acquire his/her share in _____

On the death of a partner, his share of loss in the firm till the date of his death is transferred to: