Question

1. The profit and loss on revaluation is distributed at the time of retirement of partner:
(a) All Partner (b) Retiring Partner (c) Remaining Partner (d) None of these.
2. Goodwill shown in books before retirement is distributed among.
(a) Old partners (b) Retiring partner (c) New and old partners (d) None of these
3. The interest payable to the deceased partner on his due amount will be:
(a) 10% (b) 5% (c)_6% • (d) 7%
4. In which ratio goodwill is distributed on retirement of a partner.
(a) Old profit-sharing ratio' (b) Sacrificing ratio (sh Gaining ratio (d) None of these.
5. Premium for policy treated as business expenses is shown in.
(a) Profit and Loss A/c (b) Balance sheet (c) Both (d) None of these.​

Answer 1

Answer:

hey mates here is your answer:---------

1 :-- (a)

2:-- (c)

3:-- (6%)for this I'm not sure

4:-- (a)

5:-- (a)

thank you ♥️♥️♥️♥️♥️