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RELATED QUESTIONS

Assertion Reason

Class 12 Accountancy के इस tag से जुड़े questions। हर question के साथ chapter, topic, level और difficulty दी गई है।

AccountancyAssertion (A): The deceased partner’s share of profit up to the date of death is credited to his capital account. Reason (R): This amount forms part of the total claim payable to the deceased partner.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssertion (A): A deceased partner is entitled to his share of the profit earned from the beginning of the financial year up to the date of his death. Reason (R): He was a partner of the firm up to the date of death, and his right to the profit for that period had accrued.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssertion: When a partner dies, he is entitled to his share of the profit earned up to the date of his death. Reason: He was a partner of the firm up to the date of his death.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssertion (A): Subject to the partnership agreement, the deceased partner’s account is credited with his share of the profit earned from the beginning of the current accounting year up to the date of death.\nReason (R): He was a partner up to the date of death, and his right to the profit of that period arises from the partnership agreement.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyStatement: If a continuing partner's new share decreases then he should not be charged with new goodwill burden. How is this statement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyStatement: Writing off old goodwill and adjusting new goodwill are done in the same ratio. How is this statement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementHard AccountancyStatement: A retiring partner receives goodwill because he has contributed to building the firm's reputation. How is this statement?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyThe statement is that the retiring partner goodwill share can be adjusted without opening goodwill account. What is the correct reason?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyAssertion: If old partners' shares reduce in the same proportion after admission then the sacrificing ratio is the old ratio. Reason: Both old partners sacrifice the same percentage of their old shares. Choose the correct option.Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioExpert AccountancyAssertion: The new profit sharing ratio always includes all partners. Reason: After admission the new partner shares future profits. Choose the correct option.Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioExpert AccountancyAssertion: If the entire share of the new partner C is taken only from B’s old share, A’s new profit-sharing ratio will remain equal to A’s old ratio. Reason: A has not sacrificed any part of A’s old share. Choose the correct option.Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioMedium AccountancyAssertion: The new profit sharing ratio includes the new partner. Reason: After admission the new partner is entitled to share future profits. Choose the correct option.Class 12Reconstitution - Admission of a PartnerNew Profit Sharing RatioMedium