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NCERT Solutions for Class 12 Accountancy Chapter 4 - Reconstitution of a Partnership Firm:Retirement/Death of a Partner

Class 12 Accountancy NCERT Solutions Chapter 4 - Reconstitution of a Partnership Firm:Retirement/Death of a Partner

Most Class 12th students suffer from one worry since they start their academic session and that is regarding how much they will score during the board exams. Accounts students are more plagued by this problem as they have a lot of syllabi to cover. This means that all the Accountancy students should start studying rigorously from day one. Students should read their textbooks, solve questions, carry out discussions with their classmates, and take mock exams.


However, what if a student is unable to solve questions mentioned in Accountancy ch 4 Class 12 partnership Accounts? In that case, the best solution will be for the student to download Class 12 Accountancy NCERT Solutions Chapter 4.


You can find the solution of Chapter 4 Accounts part 1 Class 12 on Vedantu. These solutions are available for free, and all students can download the file. To avail the file, simply install the Vedantu app and start learning!

NCERT Solutions for Class 12 Accountancy Chapter 4 Reconstitution of a Partnership Firm Retirement Death of a Partner part-1
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FAQ (Frequently Asked Questions)

Question 1. What is the Meaning of Gaining Ratio?

Answer: It is defined as the ratio of profits that a partner obtains from the partner who is leaving the firm.

Question 2. What are the Ways in Which a Partner can Retire From a Firm?

Answer: The different ways in which a partner can retire from a firm are:

  • If all  partner agrees and accepts the retirement of the partner who wishes to leave.

  • A notice can be issued by the partner who wishes to leave the firm. The other partners can reach an agreement or decline the notice.

  • Notice of retirement can be provided to the other partners. This can be done if there is a prior agreement.

Question 3. I have Missed a Lot of my Classes at School. I Wish to Catch up. Can Vedantu Help?

Answer: It is common for students to miss their classes and fall behind on the school curriculum. To catch up, students can take live classes at Vedantu or study more at home with the help of Vedantu.

Question 4. Do I have to Pay Anything to Get the NCERT Solutions?

Answer: No. Students do not have to pay anything to access NCERT Solutions.

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