
When one partner in the partnership firm wants to retire and all partners agree with him, the situation is known as Retirement of a Partner.
What is the Retirement of a Partner:
When one partner wants to get retirement from the partnership firm with the consent of all remaining partners if known as the Retirement of a partner. The partner may get retirement from the partnership firm in the following situation: –
- Retiring Partner’s own choice to get retired
- End of the agreement between the Partners.
- Where all remaining partners agree that one partner should have to get retired from the partnership.
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Retirement of a Partner – Explained with Illustration
Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) – USHA Publication Class +2 – Solution
Question wise solutions of the all Questions of Chapter No. 6 – Partnership Accounts – V (Retirement and Death of A Partner) – USHA Publication Class +2 – Solutions are shown below: –

Question 01 Chapter 6 of +2-Part-1 1. (Different Cases of NPS) X, Y, and Z were partners sharing in 4 ...
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Question 02 Chapter 6 of +2-Part-1 2. (Different Cases of NPS) B, C, and D were partners sharing equally. D ...
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Question 03 Chapter 6 of +2-Part-1 3. (NPS) Calculate new profit sharing ratio :A, B, C and D were partners ...
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Question 04 Chapter 6 of +2-Part-1 4. (NPS) L , M and N have been sharing profits and losses in ...
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Question 05 Chapter 6 of +2-Part-1 5. (Different Cases of NPS) A. B and C were partners in 9:6 5 ...
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Question 06 Chapter 6 of +2-Part-1 6. (Different Cases of NPS) X, Y and Z are partners sharing profits and ...
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Question 07 Chapter 6 of +2-Part-1 7. (Gaining Ratio) A , B & C are sharing profits in the ratio ...
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Question 08 Chapter 6 of +2-Part-1 8. (Profit Distribution) P , Q and R were partners sharing in 2: 2:1 ...
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Question 09 Chapter 6 of +2-Part-1 9. (Share of Retiring Partner given in Proportionate to Remaining Partners) W, X, Y ...
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Question 10 Chapter 6 of +2-Part-1 10. (Gaining Ratio) X, Y and Z are sharing profits in the ratio of ...
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Question 11 Chapter 6 of +2-Part-1 11.(NPS/Gaining Ratio) X , Y and Z are sharing profit in the ratio of ...
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Question 12 Chapter 6 of +2-Part-1 12. (Journal) M, N and O were partners sharing in 3: 2: 1. On ...
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Question 13 Chapter 6 of +2-Part-1 13.( Goodwill does not Exists in Books) A, B and Care partners in a ...
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Question 14 Chapter 6 of +2-Part-1 14. (Valuation of retiring Partner's Share in goodwill) I , M and O are ...
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Question 15 Chapter 6 of +2-Part-1 15. A , B and C are partners , sharing profits and losses in ...
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Question 16 Chapter 6 of +2-Part-1 16. (Goodwill does not Exists in Books) X, Y, and Z were partners in ...
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Question 17 Chapter 6 of +2-Part-1 17. (Amount of Goodwill Credited to Deceased Partner) P, R, and S are in ...
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Question 18 Chapter 6 of +2-Part-1 18. (Goodwill Appear in the Books) A, B, and C are partners in a ...
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Question 19 Chapter 6 of +2-Part-1 19. (Goodwill Appear in the Books) A, B, and C are partners in a ...
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Question 20 Chapter 6 of +2-Part-1 20. (Goodwill Appear in the Books) A, B and C are partners sharing in ...
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Question 21 Chapter 6 of +2-Part-1 21. (Hidden goodwill) X, Y and Z are partners in 2 : 3 :5 ...
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Question 22 Chapter 6 of +2-Part-1 22. (Different Cases of Goodwill) (a) Singh, Khan and Gupta are partners sharing profits ...
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Question 23 Chapter 6 of +2-Part-1 23. (Comprehensive) A , B and C are partners sharing profits in the ratio ...
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Question 24 Chapter 6 of +2-Part-1 24. (Goodwill does not exists) Ramesh, Suresh and Naresh were partners in a firm ...
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Question 25 Chapter 6 of +2-Part-1 25. (Revaluation Entries) Record the following in journal on the retirement of A, the ...
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Question 26 Chapter 6 of +2-Part-1 26. (Revaluation A/c) Prepare Revaluation Account of A, B and C on the retirement ...
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Question 27 Chapter 6 of +2-Part-1 27. (Surrender Value of JLP given) A, B, and C are partners in the ...
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Question 28 Chapter 6 of +2-Part-1 28. (Surrender Value of JLP given) X, Y and Z are partners in a ...
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Question 29 Chapter 6 of +2-Part-1 29. (JLP A/c Closed) Joint life policy Rs. 35,000 and reserve against this appear ...
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Question 30 Chapter 6 of +2-Part-1 30. (Journal/Ledger A/c/Balance Sheet) A, B and C were partners sharing in 3:2:1. balance ...
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Question 31 Chapter 6 of +2-Part-1 31. (Revaluation A/c/Capital A/c/Balance Sheet) A, B and C were in partnership, sharing profits ...
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Question 32 Chapter 6 of +2-Part-1 32.( Revaluation A/c/Capital A/c/ Balance sheet ) A, B and Care in partnership sharing ...
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Question 33 Chapter 6 of +2-Part-1 33.( Revaluation A/c/Capital A/c/ Balance sheet ) E , F and G were partners ...
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Question 34 Chapter 6 of +2-Part-1 34. (Profit & Loss Adjustment A/c/Partner Capital A/c A B & C are partners ...
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Question 35 Chapter 6 of +2-Part-1 35. (Journal/Ledger A/c/Balance Sheet) A, B and C were partners sharing in 3:2:1. balance ...
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Question 36 Chapter 6 of +2-Part-1 36. (Revaluation A/c/ Capital Ac/B/S/GST) X , Y and Z were partners in firm ...
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Question 37 Chapter 6 of +2-Part-1 37. ( Unrecorded liability / Joint Life policy )X, Y and Z were partners ...
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Question 38 Chapter 6 of +2-Part-1 38 (Adjustment of Goodwill without raising Goodwill A/c Partner Loan A/c Journal) A B ...
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Question 39 Chapter 6 of +2-Part-1 39 (Goodwill not appearing in Books/Payment to Retiring Partner made in Equal Installments) C ...
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Question 40 Chapter 6 of +2-Part-1 40. (Capital to be adjusted in New Profit Sharing Ratio) The Balance Sheet of ...
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Question 42 Chapter 6 of +2-Part-1 42 (Adjustment of Capital/Capital of New Firm not given/GST) A, B and C carried ...
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Question 43 Chapter 6 of +2-Part-1 43. (Capital of New Firm given) The Balance sheet of X, Y, and Z ...
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Question 44 Chapter 6 of +2-Part-1 44. (Revaluation A/c/Partner's Capital A/c) A, B and C are partners sharing in 3: ...
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Question 47 Chapter 6 of +2-Part-1 47. (Deceased Partner's Share of Profit) A , B, and C are equal partners ...
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Question 48 Chapter 6 of +2-Part-1 48. (Decreased Partner's Share of Profit) A , B and C are partners sharing ...
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Question 49 Chapter 6 of +2-Part-1 49. (Deceased Partner's Interest on Capital) A , B and C are partners sharing ...
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Question 50 Chapter 6 of +2-Part-1 50. (Different Cases of Deceased Partner's Share of Profit) A, B and C are ...
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Question 51 Chapter 6 of +2-Part-1 51. (Different Cases of Deceased Partner's Share of Profit) A, B & C were ...
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Question 52 Chapter 6 of +2-Part-1 52. (Share of Goodwill) P, R, and S are in partnership sharing profits 4/8, ...
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Question 53 Chapter 6 of +2-Part-1 53. (Amount Payable to deceased Partner's Legal Representative) A , B and Care partners ...
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Question 54 Chapter 6 of +2-Part-1 54 (Journalisation of Joint Life Policy) A, B and C are equal partners. They ...
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Question 55 Chapter 6 of +2-Part-1 55. (Current A/c of Deceased Partner) A, B and C are equal partners of ...
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Question 56 Chapter 6 of +2-Part-1 56. (Journal Entries/Amount due to executors of deceased Partner) Following is the balance sheet ...
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Question 57 Chapter 6 of +2-Part-1 57. (Journal Entries/Deceased Partner's Executor A/c) A, B and Care partners sharing profits and ...
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Question 58 Chapter 6 of +2-Part-1 58. (Deceased Partner's Ac) Following is the balance sheet of Tony, Sony and Remy ...
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Question 59 Chapter 6 of +2-Part-1 59. (Journal Entries/Executor's Ale) R, S , T were partners sharing profits and losses ...
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Question 60 Chapter 6 of +2-Part-1 60. (Journal Entries/Executor's A/c) Bansal , Gupta and Goyal were partners, sharing profits and ...
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Question 61 Chapter 6 of +2-Part-1 61. (Revaluation A/c/Capital A/c Executor A/c/B/S) The balance sheet of A , B & ...
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46 som also not available at ur site plz udate it
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45 sum is not available
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