Death of a Partner: Chapter Test (CBSE Class 12)
Chapter test on Death of a Partner for CBSE Class 12: executor's account, goodwill, profit up to death, instalments, interest and Section 37.
Last updated October 2026
English
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Test series content
1 tests•30 total questions•1 free tests
Death of a Partner: Chapter Test
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What you'll master
Understand how death differs from retirement in accounting
Calculate the deceased partner's share of goodwill and profit
Prepare the amount due and pass entries for the executor's account
Solve Section 37 numericals on interest versus share in profit
Learn from a written explanation for every answer
Description
Death of a Partner: Chapter Test (CBSE Class 12)
A complete chapter test on Death of a Partner for CBSE Class 12 Accountancy. One test, 30 questions, 2 marks each (total 60 marks), no negative marking, and an explanation for every answer.
What's covered
- Effect of death on the firm and difference from retirement
- Goodwill of the deceased partner and AS-26 treatment
- Share of profit up to the date of death: determined, time basis and sales basis
- Deceased partner's capital account: items on each side and amount due
- Executor's account: lump sum and instalment payments with interest
- Section 37 of the Indian Partnership Act: interest or share in profit
Who it's for
- CBSE Class 12 Commerce students revising death of a partner
- Students who want practice on amount due and Section 37 numericals
Key highlights
- 30 questions on the whole chapter
- Concept, numerical and assertion-reason questions
- Explanations for every answer
- Free for everyone
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