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Reconstitution of Partnership (Death of Partner) — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyReconstitution of Partnership (Death of Partner)1 Mark
MCQ
Benefit Ratio is the ratio in which _______________
  • A
    The old partner gain on the admission of a new partner
  • B
    The Goodwill of a new partner on admission is credited to old partners
  • ✓
    The continuing partners’ benefits on retirement or death of a partner
  • D
    All partners are benefitted.
✓

Answer

Correct option: C.
The continuing partners’ benefits on retirement or death of a partner
The continuing partner’s benefits on retirement or death of a partner

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