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RELATED QUESTIONS

Deceased Partner

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

AccountancyA deceased partner’s total claim is ₹190000. If ₹40000 has been paid to the partner’s executor, what balance will remain in the deceased partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhile estimating a deceased partner’s share of profit up to the date of death, which basis is generally used if the partnership deed contains no provision?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyOn what basis is a deceased partner’s share of revaluation profit determined?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIn the books of a partnership firm, how is the amount due to a deceased partner shown until it is paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhat is the fundamental principle for calculating the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyBased on the average annual profit of ₹21,60,000 in previous years, if a partner dies one month after the beginning of the accounting year, what amount of profit is estimated up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is it considered fair to give a deceased partner a share of the profit earned up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen interim accounts are not prepared, on what basis is the deceased partner’s share of profit up to the date of death generally estimated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhich statement is correct regarding the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAccording to the partnership agreement, the deceased partner’s estimated annual share of profit is ₹18,24,000. If the partner died after 7 months of the accounting year, what amount of profit share is due up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the average annual profit of the past years is ₹16,80,000, what will be the estimated profit for the 5 months up to the partner’s death? This is the total profit before calculating the deceased partner’s share.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the significance of the period elapsed up to the date of death when calculating a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner’s normal annual share of profit is ₹12,48,000. The partner dies 4 months after the beginning of the financial year. What amount of profit share is payable up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen the deceased partner’s estimated share of profit up to the date of death is credited to the partner’s capital account, how is the amount payable to the legal representative affected?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s estimated annual profit is ₹14,64,000. According to the partnership deed, the deceased partner’s profit-sharing ratio is 1/4. If the partner died 3 months after the beginning of the accounting year, what amount represents the partner’s share of profit up to the date of death? Assume that profit is earned evenly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the firm’s average annual profit is ₹4,32,000 and a partner dies 8 months after the beginning of the financial year, what profit of the firm is estimated up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAccounting for a deceased partner’s share of profit earned up to the date of death primarily serves which purpose?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹11,40,000 and he dies 9 months after the beginning of the accounting year, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe correct determination of a deceased partner’s share in the profit earned up to the date of death primarily safeguards whose claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is average profit used to calculate the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert