HSE-2 PREVIOUS YEAR ANSWERS (ACCOUNTANCY Chapter 4)
1.(b) Old profit sharing ratio 2.The ratio in which the continuing partners acquire the out going partners share is called a gaining ratio 3. Revaluation a/c Dr. Unrecorded liability 4.Gainig ratio 5.Gaining ratio 5:2 6.(c) reconstitution 7.Gainig ratio = Binu = 2/3-4/9= 2/9, Jinu = 1/3-3/9 = 0, So Binu only gain 8. Goodwill = 15,000 9. 3:2 10. b) Gaining ratio