{"id":9486,"date":"2018-02-12T13:08:37","date_gmt":"2018-02-12T07:38:37","guid":{"rendered":"http:\/\/mycbseguide.com\/blog\/?p=9486"},"modified":"2019-03-05T18:06:21","modified_gmt":"2019-03-05T12:36:21","slug":"retirement-death-partner-class-12-notes-accountancy","status":"publish","type":"post","link":"https:\/\/mycbseguide.com\/blog\/retirement-death-partner-class-12-notes-accountancy\/","title":{"rendered":"Retirement or Death of a partner class 12 Notes Accountancy"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_76 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/mycbseguide.com\/blog\/retirement-death-partner-class-12-notes-accountancy\/#CBSE_Guide_Retirement_or_Death_of_a_partner_class_12_Notes_Accountancy\" >CBSE Guide Retirement or Death of a partner class 12 Notes Accountancy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/mycbseguide.com\/blog\/retirement-death-partner-class-12-notes-accountancy\/#Class_12_Accountancy_notes_Chapter_5_Retirement_or_Death_of_a_partner\" >Class 12 Accountancy notes Chapter 5 Retirement or Death of a partner\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/mycbseguide.com\/blog\/retirement-death-partner-class-12-notes-accountancy\/#CBSE_Class_12_Accountancy_Revision_Notes_Chapter_5_Retirement_or_Death_of_a_partner\" >CBSE Class 12\u00a0Accountancy Revision Notes Chapter\u00a05\u00a0Retirement or Death of a partner<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/mycbseguide.com\/blog\/retirement-death-partner-class-12-notes-accountancy\/#CBSE_Class_12_Revision_Notes_and_Key_Points\" >CBSE Class 12 Revision Notes and Key Points<\/a><\/li><\/ul><\/nav><\/div>\n<p><strong>Retirement or Death of a partner class 12 Notes Accountancy<\/strong> in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides accounting for partnership firm\u2019s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school-based annual examinations. Class 12 Accountancy notes on chapter 5 accounting for partnership firm\u2019s fundamentals are also available for download in CBSE Guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Guide_Retirement_or_Death_of_a_partner_class_12_Notes_Accountancy\"><\/span><strong>CBSE Guide Retirement or Death of a partner class 12 Notes Accountancy<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>CBSE guide notes are the comprehensive notes which covers the latest syllabus of CBSE and NCERT. It includes all the topics given in NCERT class 12 Accountancy text book. Users can download CBSE guide quick revision notes from myCBSEguide mobile app and my CBSE guide website.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Class_12_Accountancy_notes_Chapter_5_Retirement_or_Death_of_a_partner\"><\/span><strong>Class 12 Accountancy notes Chapter 5 Retirement or Death of a partner\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Download CBSE class 12th revision notes for chapter 5 Retirement or Death of a partner\u00a0in PDF format for free. Download revision notes for Retirement or Death of a partner\u00a0class 12 Notes and score high in exams. These are the Retirement or Death of a partner class 12 Notes Accountancy prepared by team of expert teachers. The revision notes help you revise the whole chapter 5 in minutes. Revision notes in exam days is one of the best tips recommended by teachers during exam days.<\/p>\n<p style=\"text-align: center;\"><strong><a class=\"button\" href=\"https:\/\/mycbseguide.com\/downloads\/cbse-class-12-accountancy\/1315\/cbse-revision-notes\/7\/\">Download Revision Notes as PDF<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Class_12_Accountancy_Revision_Notes_Chapter_5_Retirement_or_Death_of_a_partner\"><\/span><strong>CBSE Class 12\u00a0Accountancy Revision Notes Chapter\u00a05\u00a0Retirement or Death of a partner<br \/>\n<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Retirement of a partner means ceasing to be partner of the firm. A partner may retire (i) of there is agreement of this effect (ii) all partners give consent (iii) At will by giving written notice.<\/p>\n<p><strong>Introduction<\/strong><\/p>\n<p>Like admission and changes in profit sharing ratio in case of retirement or death also the existing partnership deep comes to end and the new once comes into exist- tense among the remaining partner. There is not much difference in the accounting treatment at the time of retirement or in the event of death.<\/p>\n<p><strong>Amount due to Retiring\/Deceased Partner (To be credited to his capital account)<\/strong><\/p>\n<p><strong>1.<\/strong> Credit Blanca of his capital.<\/p>\n<p><strong>2.<\/strong> Credit Balance of his current account (if any).<\/p>\n<p><strong>3.<\/strong> Share of Goodwill. (By gaining partners)<\/p>\n<p><strong>4.<\/strong> Share of Reserves of Undistributed profits.<\/p>\n<p><strong>5.<\/strong> His share in the profit on revaluation of assets and liabilities.<\/p>\n<p><strong>6.<\/strong> Share in profits up to the date of Retirement\/Death. (By p &amp; L suspense A\/c)<\/p>\n<p><strong>7.<\/strong> Interest on capital if involved.<\/p>\n<p><strong>8.<\/strong> Salary if any<\/p>\n<p><strong>Deduction from the above sum (to be debited to capital account)<\/strong><\/p>\n<p><strong>1.<\/strong> Debit balance of his current account (if any)<\/p>\n<p><strong>2.<\/strong> Share of existing Goodwill to be written off.<\/p>\n<p><strong>3.<\/strong> share of accumulated loss.<\/p>\n<p><strong>4.<\/strong> Drawing and interest on drawings (if any)<\/p>\n<p><strong>5.<\/strong> Share of loss on account of Revaluation of assets and liabilities.<\/p>\n<p><strong>6.<\/strong> His share of business loss up to the date of Retirement\/Death (To p &amp; L) suspense A\/C)<\/p>\n<p><strong>Accounting Treatment <\/strong><\/p>\n<p><strong>1.<\/strong> Calculation of new profit sharing ratio and gaining ratio<\/p>\n<p><strong>2.<\/strong> Treatment of goodwill.<\/p>\n<p><strong>3.<\/strong> Evaluation a\/c preparation with the adjustment in the respect of unrecorded assets \/liabilities.<\/p>\n<p><strong>4.<\/strong> Distribution of reserves and accumulated profits\/loss.<\/p>\n<p><strong>5.<\/strong> Ascertainment of share of profit\/loss till the date of retirement. death.<\/p>\n<p><strong>6.<\/strong> Adjustment of capital if required.<\/p>\n<p><strong>7.<\/strong> Settlement of the Accounts due to Retired\/Deceased partner.<\/p>\n<p><strong>New profit Sharing Ratio &amp; Gaining Ratio <\/strong><\/p>\n<p><strong>New profit Sharing Ratio:<\/strong> it is the ratio in which the remaining partners share future profits after retirement\/death.<\/p>\n<p><strong>Gaining ratio:<\/strong> it is the ratio in which the continuing partners have acquired the share from the outgoing partner. Gaining Ratio = New Ratio -Old Ratio.<\/p>\n<p>Calculation of the two ratios.<\/p>\n<p><strong>Following situations may arise <\/strong><\/p>\n<p><strong>1. When no information about new ratio or gaining ratio is given in question<\/strong><\/p>\n<p>In this case it considered that the share of the retraining partner is acquired the remaining partners in the old ratio. Then no need to calculate the new paining ratio as it will be the same as before.<\/p>\n<p><strong>2. Gaining ratio is given which is different than the old ratio in this New share of continuing partner = has old share + gained from outgoing partner.<\/strong><\/p>\n<p><strong>3. if the new ratio is given the Gaining ratio = New Ratio -Old Ratio<\/strong><\/p>\n<p><strong>TREATMENT OF GOODWILL<\/strong><\/p>\n<p><strong>According to accounting standards \u2013 10<\/strong>, Good will account can\u2019t be raised as only purchased goodwill is recorded in books. Therefore only adjustment entry is done for goodwill<\/p>\n<p><strong>Steps to be followed<\/strong><\/p>\n<p><strong>1.<\/strong> When old good will appears in the books then first of all this is writer in the old ratio<strong>. Remember Old Goodwill old Ratio<\/strong><\/p>\n<p>All Partner\u2019s capital A\/C\u00a0\u00a0\u00a0\u00a0\u00a0 Dr.<\/p>\n<p>To Good Will A\/c<\/p>\n<p><strong>2.<\/strong> After written off of goodwill adjustment of retiring partner\u2019s share goodwill will be made through the following journal entry.<\/p>\n<p>Remaining Partner\u2019s Capital, A\/C \u00a0Dr. (in gaining<\/p>\n<p>To Retiring\/Deceased Partner\u2019s Capital A\/c<\/p>\n<p><strong>Hidden Goodwill<\/strong><\/p>\n<p>Sometimes goodwill is not given in the question directly, But if a firm agrees to pay a sum which is more than retiring partner\u2019s balance in capital also after making all adjustment with respect to resaves, revaluation of assets and liabilities etc. then cases amount is treated as his share of goodwill (known as hidden goodwill).<\/p>\n<p><strong>3. Revaluation of Assets and Reassessment of Liabilities<\/strong><\/p>\n<p>Revaluation A\/c is prepared in the same way as in the case of admission of a new partner. Profit and loss on revaluation is transferred among all the partners in old ratio.<\/p>\n<p><strong>4. Adjustment of Reservation and Surplus (Profits)<\/strong><\/p>\n<p>(Appearing in the Balance Sheet \u2013 Liability Side)<\/p>\n<p><strong>(a)<\/strong> General Reserve A\/cDr.<\/p>\n<p>Reserve Fund A\/cDr.<\/p>\n<p>Profit &amp; Loss A\/c (Credit Balance)Dr.<\/p>\n<p>To all partners Capital\/Current A\/c (in old ratio)<\/p>\n<p><strong>(b)<\/strong> Specific Funds \u2013 If the specific funds such as workmen\u2019s compensation funds or investment fluctuation fund are in excess of actual requirement, the excess will be transferred to the Capital A\/c in old ratio.<\/p>\n<p>Workmen Compensation Fund A\/cDr.<\/p>\n<p>Investment Fluctuation Funds A\/cDr.<\/p>\n<p>To All Partner\u2019s Capital A\/cs<\/p>\n<p><strong>(c)<\/strong> For distributing accumulated losses<\/p>\n<p>(i.e. P &amp; L A\/c debit balance shown on the Asset side of Balance Sheet)<\/p>\n<p>All partner\u2019s Capital\/Current A\/cDr. (in old ratio)<\/p>\n<p>To P &amp; L A\/c<\/p>\n<p><strong>Disposal of the Amount Due to the Retiring Partner<\/strong><\/p>\n<p>This outgoing partners A\/c is settled as per the terms of partnership deed. Three cases may be there as given below \u2013<\/p>\n<p><strong>1.<\/strong> When the retiring partner is paid full amount either in cash or by coeque.<\/p>\n<p>Retiring Partner\u2019s Capital A\/cDr.<\/p>\n<p>To Cash Bank A\/c<\/p>\n<p><strong>2.<\/strong> When the retiring partner is paid nothing in cash then the whole amount due is transferred to his loan A\/c<\/p>\n<p>Retiring Partner\u2019s Capital A\/cDr.<\/p>\n<p>To retiring partner\u2019s Loon\u00a0 A\/c<\/p>\n<p><strong>3.<\/strong> When Retiring Partner is partly paid in cash and the remaining amount in treated Loan.<\/p>\n<p>Retiring Partner\u2019s Capital A\/cDr. (Total Amount due)<\/p>\n<p>To Cash Bank A\/c (Amount Paid)<\/p>\n<p>To Retiring Partner\u2019s Loan A\/c (Amount of Loan)<\/p>\n<p><strong>Settlement of loan of the Retiring Partner <\/strong><\/p>\n<p>Loan of the retiring partner is disposed off accordingly of the pre decided term and conditions among the partners. Normally the Principal amount is paid in <strong>few equal installments. <\/strong>In such cases <strong>interest is credited to the Loan A\/c on the basic of the amount outstanding at the beginning of each year <\/strong>and the amount paid it debited to loan A\/c. The following Journal entries are done<\/p>\n<p><strong>a.<\/strong> For interest on Loan.<\/p>\n<p>Interest A\/cDr.<\/p>\n<p>To Retiring partner\u2019s Loan A\/c<\/p>\n<p>b. For the payment of installment.<\/p>\n<p>Retiring Partner\u2019s Loan A\/cDr.<\/p>\n<p>To Cash\/Bank\u00a0 A\/c (including interest)<\/p>\n<p><strong>Adjustment of Capitals<\/strong><\/p>\n<p>At the time of retirement\/death, the remaining partners may decide to adjust their capitals in their new profit sharing Ratio. Then<\/p>\n<p>\u00b7 The sum of their capitals will be treated as the total capital of the new firm which will be divided in their New Profit Sharing Ratio.<\/p>\n<p>\u00b7 Excess of Deficiency of capital in the individual capital A\/c is calculated.<\/p>\n<p>\u00b7 Such excess or shortage is adjusted by withdrawal or contribution in case or transferring to their current A\/cs.<\/p>\n<p><strong>Journal Entries<\/strong><\/p>\n<p><strong>(a)<\/strong> For excess Capital withdrawn by the Partners<\/p>\n<p>Partner\u2019s capital A\/cDr.<\/p>\n<p>To Cash\/Bank A\/c<\/p>\n<p><strong>(b)<\/strong> For deficiency, cash will be brought in by the partner<\/p>\n<p>Cash\/Bank A\/cDr.<\/p>\n<p>To Partner\u2019s capital A\/c<\/p>\n<p><strong>DEATH OF A PARTNER<\/strong><\/p>\n<p>Accounting treatment in the case of death is same as in the case of return except the following:<\/p>\n<p><strong>1.<\/strong> The deceased partners claim is transferred to <strong>his executer\u2019s account.<\/strong><\/p>\n<p><strong>2.<\/strong> Normally the <strong>retirement<\/strong> takes place at the <strong>end of the Accounting pried<\/strong> but the <strong>death<\/strong> may <strong>occur at any time.<\/strong> Hence the <strong>claim<\/strong> <strong>of deceased part<\/strong> shall also <strong>include his share or pro2. Normally the retirement takes place at the end of the Accounting pried but the death may occur at any time. Hence the claim of deceased part shall also include his share or profit or loss, interest on capital drawings if any from the date of the last balance sheet to the date his death.fit or loss,<\/strong> <strong>interest on capital drawings if any from the date of the last balance sheet to the date his death.<\/strong><\/p>\n<p><strong>1. Calculation of profit\/Loss for the intervening Period.<\/strong><\/p>\n<p>It is calculated by any one of the two methods given below:<\/p>\n<p><strong>a. On Time Basis : <\/strong>In this method <strong>proportionally profit <\/strong>for the time period is calculated either on the <strong>basis of last year\u2019s profit\u00a0 or on basis of average profits of last few years <\/strong>and then deceased profit share is calculated based on his share of profits.<\/p>\n<p><strong>b. On Turnover or Sales Basis : <\/strong>In this method the profits upto the date of death for the current year are calculated on the <strong>basis of current year\u2019s sales upto the date of death by using the formula.<\/strong><\/p>\n<p>Profits for the current year upto the date of death =<\/p>\n<p>(Sales of the current year upto the date of death\/total sales of last year)<img decoding=\"async\" src=\"https:\/\/media-mycbseguide.s3.amazonaws.com\/images\/static\/revise\/12\/acc\/p105\/image001.png\" \/>Profit for the last year.<\/p>\n<p>The from this profit the deceased partner\u2019s share of profit is calculated.<strong>\u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"CBSE_Class_12_Revision_Notes_and_Key_Points\"><\/span><strong>CBSE Class 12 Revision Notes and Key Points<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Retirement or Death of a partner class 12 Notes Accountancy. CBSE quick revision note for class-12 Chemistry Physics Math\u2019s, Accountancy and other subject are very helpful to revise the whole syllabus during exam days. The revision notes covers all important formulas and concepts given in the chapter. Even if you wish to have an overview of a chapter, quick revision notes are here to do if for you. These notes will certainly save your time during stressful exam days.<\/p>\n<ul>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physics\/1251\/cbse-revision-notes\/7\/\">Physics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-chemistry\/1267\/cbse-revision-notes\/7\/\">Chemistry<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-mathematics\/1284\/cbse-revision-notes\/7\/\">Mathematics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-biology\/1298\/cbse-revision-notes\/7\/\">Biology<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-accountancy\/1315\/cbse-revision-notes\/7\/\">Accountancy<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-economics\/1327\/cbse-revision-notes\/7\/\">Economics<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-business-studies\/1727\/cbse-revision-notes\/7\/\">Business Studies<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-computer-science\/1851\/cbse-revision-notes\/7\/\">Computer Science<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-informatics-practices\/1873\/cbse-revision-notes\/7\/\">Informatics Practices<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-english-core\/1855\/cbse-revision-notes\/7\/\">English Core<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-history\/1869\/cbse-revision-notes\/7\/\">History<\/a><\/li>\n<li><a href=\"http:\/\/mycbseguide.com\/downloads\/cbse-class-12-physical-education\/1877\/cbse-revision-notes\/7\/\">Physical Education<\/a><\/li>\n<\/ul>\n<p>To download Retirement or Death of a partner class 12 Notes Accountancy, sample paper for class 12 Physics, Chemistry, Biology, History, Political Science, Economics, Geography, Computer Science, Home Science, Accountancy, Business Studies and Home Science; do check myCBSEguide app or website. myCBSEguide provides sample papers with solution, test papers for chapter-wise practice, NCERT Retirement or Death of a partner, NCERT Exemplar Retirement or Death of a partner, quick revision notes for ready reference, CBSE guess papers and CBSE important question papers. Sample Paper all are made available through\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=in.techchefs.MyCBSEGuide&amp;referrer=utm_source%3Dmycbse_bottom%26utm_medium%3Dtext%26utm_campaign%3Dmycbseads\"><strong>the best app for CBSE students<\/strong><\/a>\u00a0and myCBSEguide website.<\/p>\n<ul>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/accounting-partnership-firms-fundamentals-class-12-notes-accountancy\/\">Accounting for partnership firms fundamentals class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/goodwill-nature-valuation-class-12-notes-accountancy\/\">Goodwill Nature And Valuation class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/reconstitution-partnership-class-12-notes-accountancy\/\">Reconstitution of Partnership class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/admission-partner-class-12-notes-accountancy\/\">Admission of A Partner class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/dissolution-partnership-firm-class-12-notes-accountancy\/\">Dissolution Of a Partnership Firm class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/accounting-share-capital-class-12-notes-accountancy\/\">Accounting For Share Capital class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/accounting-debentures-class-12-notes-accountancy\/\">Accounting For Debentures class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/company-accounts-redemption-debentures-class-12-notes-accountancy\/\">Company Accounts \u2013 Redemption of Debentures class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/financial-statements-company-class-12-notes-accountancy\/\">Financial Statements Of A Company class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/financial-statement-analysis-class-12-notes-accountancy\/\">Financial statement analysis class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/tools-financial-statement-analysis-class-12-notes-accountancy\/\">Tools for financial statement analysis class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/accounting-ratios-class-12-notes-accountancy\/\">Accounting Ratios class 12 Notes Accountancy<\/a><\/li>\n<li class=\"entry-title\"><a href=\"https:\/\/mycbseguide.com\/blog\/cash-flow-statement-class-12-notes-accountancy\/\">Cash flow statement class 12 Notes Accountancy<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Retirement or Death of a partner class 12 Notes Accountancy in PDF are available for free download in myCBSEguide mobile app. The best app for CBSE students now provides accounting for partnership firm\u2019s fundamentals class 12 Notes latest chapter wise notes for quick preparation of CBSE board exams and school-based annual examinations. Class 12 Accountancy &#8230; <a title=\"Retirement or Death of a partner class 12 Notes Accountancy\" class=\"read-more\" href=\"https:\/\/mycbseguide.com\/blog\/retirement-death-partner-class-12-notes-accountancy\/\" aria-label=\"More on Retirement or Death of a partner class 12 Notes Accountancy\">Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":9785,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,456],"tags":[620,457,150,426,240,627],"class_list":["post-9486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cbse-class-12","category-revision-notes","tag-accountancy-notes","tag-cbse-notes","tag-cbse-notes-and-key-points","tag-quick-revision","tag-quick-revision-notes","tag-retirement-or-death-of-a-partner"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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