Class 12 Accountancy Ncert Book chepter 3 ( Retirement/Death of a partner ) Latest PDF Download ( 2026-27 )
Class 12 Accountancy Chapter 3 PDF Download (2026-27)
Retirement or Death of a Partner – Class 12 Accountancy
Retirement or Death of a Partner is one of the most important chapters in Class 12 Accountancy. This chapter explains the accounting treatment required when an existing partner retires from the partnership firm or passes away. Students learn how to calculate the new profit-sharing ratio, gaining ratio, goodwill adjustment, revaluation of assets and liabilities, distribution of reserves and accumulated profits, partner’s capital adjustment, and the preparation of the retiring or deceased partner’s account.
Class 12 Accountancy Chapters List (NCERT 2026–27)
Part 1 – Accounting for Partnership Firms and Companies
| Chapter No. | Chapter Name |
|---|---|
| Chapter 1 | Accounting for Partnership: Basic Concepts |
| Chapter 2 | Reconstitution of a Partnership Firm – Admission of a Partner |
| Chapter 3 | Reconstitution of a Partnership Firm – Retirement / Death of a Partner |
| Chapter 4 | Dissolution of a Partnership Firm |