Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)- USHA Publication Class +2 – Solution

Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution

What is Reconstitution of a Partnership Firm: –

Reconstitution of a Partnership Firm means when with the consent of all partners they make some fundamentals changes in the Partnership deed. It may when the partners want to change their profit sharing ratio or any partner want to increase or decrease his investment as well as involvement in the business. And in the other condition like an admission of a new partner(s), the retirement/death/insolvency of existing partner(s). 

When we need to Reconstitution of a Partnership Firm: –

In the following situation, the firm needs to reconstitution of a Partnership firm: –

  1. The admission of New Partner(s)
  2. When there is a change in the Profit Sharing Ratio between existing partners
  3. The Retirement of one or more from the existing Partners
  4. In the case of Death or Insolvency of Partner(s)

Check out the full article: –

Reconstitution of a Partnership Firm – Explained

Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)- USHA Publication Class +2 – Solution

Question wise solution of the all Questions of Chapter No. 4 – Partnership Accounts – III (Reconstitution of Partnership)- USHA Publication Class +2 – Solutions are shown below: –

Q 1 CH 4 Usha 2 Book 2018 Solution.pptx min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 01 Chapter 4 of +2-Part-1 1. (NPS/ Sacrifice and Gain) A and B were partners in a firm sharing ...
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Q 2 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 02 Chapter 4 of +2-Part-1 2. (NPS/ Sacrifice and Gain) A, B and C are partners in 2:1:3 ratio ...
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Q 3 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 03 Chapter 4 of +2-Part-1 3. (NPS/ Sacrifice and Gain) A, B and C are partners in 3:7:5 ratio ...
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Q 4 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 04 Chapter 4 of +2-Part-1 4. (Goodwill doesn’t exist) X, Y and Z are partners sharing profits in 5:3:2 ...
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Q 5 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 05 Chapter 4 of +2-Part-1 5. (Goodwill exist in the balance sheet) P, Q and R are partners in ...
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Q 6 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 06 Chapter 4 of +2-Part-1 6. (Different cases of treatment of Goodwill) X, Y and Z who are presently ...
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Q 7 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 07 Chapter 4 of +2-Part-1 7. (Profit and loss account not closed) X and Y are partners in 4:1 ...
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Q 8 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 08 Chapter 4 of +2-Part-1 8. (Profit and loss account/ Reserve are closed) P and Q are partners in ...
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Q 9 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 09 Chapter 4 of +2-Part-1 9. (Profit and loss account/ Reserve are closed) A, B and C are partners ...
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Q 10 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 10 Chapter 4 of +2-Part-1 10. (Distribution of Profit and loss account) Sita and Geeta share the profit in ...
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Q 11 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 11 Chapter 4 of +2-Part-1 11. (Profit and loss account/ General Reserve are given) A B and C are ...
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Q 12 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 12 Chapter 4 of +2-Part-1 12. (Different Cases) A B and C are partners in 2:2:1 ratio. They admitted ...
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Q 13 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 13 Chapter 4 of +2-Part-1 13. (Distribution of old Reserves) A and B share profits in 5:3 ratio. On ...
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Q 14 CH 4 Usha 2 Book 2018 Solution Copy min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 14 Chapter 4 of +2-Part-1 14. (Different Cases) A and B are partners in 2:1 ratio. They had Rs.10,000 ...
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Q 15 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 15 Chapter 4 of +2-Part-1 15. (Balances appearing in B/S ) A, B and C are partners in 4:3:2 ...
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Q 16 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 16 Chapter 4 of +2-Part-1 16. (Comprehensive Illustration) X and Y are in partnership, sharing profits in 2:3 ratio ...
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Q 17 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 17 Chapter 4 of +2-Part-1 17. (Comprehensive Illustration) X,Y and Z are sharing profits and losses in 5:3:2 ratio ...
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Q 18 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 18 Chapter 4 of +2-Part-1 18. (Treatment of Workmen Compensation Reserve) X, Y and Z are partners in 2:3:1 ...
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Q 19 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 19 Chapter 4 of +2-Part-1 19. (Revaluation entries) X and Y share profits in 6:7 ratio. The future ratio ...
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Q 20 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 20 Chapter 4 of +2-Part-1 20. (Revaluation account) A, B and C are partners in 3:2:1 ratio. On 31st ...
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Q 21 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 21 Chapter 4 of +2-Part-1 21. (Revaluation account) Prepare revaluation account of a firm of partner A and B:Creditors ...
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Q 22 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 22 Chapter 4 of +2-Part-1 22. (Preparation of B/S) The following is the Balance sheet of A, B and ...
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Q 23 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 23 Chapter 4 of +2-Part-1 23. (Revaluation by passing a single adjustment entry) P, Q and R are sharing ...
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Q 24 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 24 Chapter 4 of +2-Part-1 24. (Revaluation entries/ Capital a/c/ Balance sheet) X, Y and Z are partners in ...
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Q 25 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 25 Chapter 4 of +2-Part-1 25. (Journal/ Capital a/c/ Balance sheet) X and Y are partners sharing profits in ...
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Q 26 CH 4 Usha 2 Book 2018 Solution min 360x203 - Chapter No. 4 - Partnership Accounts - III (Reconstitution of Partnership)- USHA Publication Class +2 - Solution
Question 26 Chapter 4 of +2-Part-1 26. (Adjustment of Capital) A, B and C were partners, sharing profits and losses ...
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