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CLASS – XII
ACCOUNTANCY

Home Assignment

1. In___________ a old partner leaves the firm .

2. _____________ ratio in which one or more partners gain share of profit
as a result of sacrifice made by other partners of the firm

3. A,B,C partners sharing profit in 5:3:2, in future , C retires ,what will be new
profit sharing ratio

4. A,B,C partners sharing profit in 2:3:4, in future C retires & A,B want to share
equally, ____ will be the sacrificing/ gaining partner

5. A,B,C partners sharing profit in 1:2:3, in future A retires B,C want to share
equally, __ will be the sacrificing/ gaining partner partner

6. A,B,C partners sharing profit in 2:3:5, in future they A,B,C to share 3:2:1 , __
will be the gaining partner
7. If there is a unrecorded building then_________ A/c will be debited

a) Revaluation a/c
b) building a/c
c) partners capital a/c
d) none of these

8. If general reserve has a balance of 80,000 , then_________ A/c will
be debited

a) Revaluation a/c
b) general reserve a/c
c) old partners capital a/c

d) none of these

9. If general reserve has a balance of 90,000 , then_________ A/c will
be credited