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Retirement & Death

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Test your understanding of partner settlements and revaluations.

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Pakistan

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Retirement & Death
 

Retirement & DeathOnline version

Test your understanding of partner settlements and revaluations.

by Sabih
1

Goodwill total 90,000. Partner A retires with a 2/5 share. What is his share?

Written answer

2

Building revaluation increases by 50,000. Partner B retires with a 1/5 share. His gain share?

Written answer

3

Settlement: Capital 60,000 + Goodwill share 15,000 + Revaluation gain 5,000. Total due to the partner?

Written answer

4

Loan conversion: Outgoing partner is due 100,000 and takes 40,000 in cash. Remaining as loan?

Written answer

5

Final Balance: Capital 40,000, Share of Profit 4,000, Drawings 2,000. Final amount payable?

Written answer

6

If goodwill is 90,000 and A's share is 2/5, what is the value of A's share?

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