Page 1 - ha1 death of partner

CLASS – XII

ACCOUNTANCY

DEATH OF A PARTNER

01. Which ratio is used at the time of death of a partner?

A) Sacrificing ratio

B) Gaining Ratio

C) None of the above

D) Gross profit ratio

02. The executors are entitled to interest @ ---- if amount due to the deceased

partner is not paid immediately.

(a) 6 %

(b) 6% P.A.

(c) 12%

(d) 12% P.A.

03. At the time of death of a partner, goodwill appears in the books, then it is

written off among ---- partner.

a) Old partner

b) New partner

c) Both

d) none of these

04. A deceased partner is liable for the acts even after his death.

a) True

b) False

c) None