Page 4 - ha1 death of partner

(d) None of the above

12. Loss on revaluation account will appear which side of the deceased partner

capital account.

a) Debit side

b) Credit side

c) Both

d) None of the above

13. Accumulated profit on death of a partner is shared by the partners in their :

a) Capital Ratio

b) New profit sharing ratio

c) Gaining Ratio

d) Old profit sharing ratio

14. In case of Revaluation Account is prepared, the assets & liabilities appear in

the books of reconstitution firm at their:

A) Old Book value

B) Market Value

C) Revalued Figures

d) None of the above

15.On the death of a partner his share of goodwill will appear which side of the

deceased partner capital account.

a ) Debit side

b) Credit side

C ) Both

d) None of the above