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Deceased Partner S Share

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

AccountancyA firm’s average annual profit is ₹9,60,000. A partner having a 1/4 profit-sharing ratio dies after 3 months of the year. Under the average profit method, what will be the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIn calculating the deceased partner’s share of profit, what period is meant by “up to the date”?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe profit up to a partner’s date of death is to be estimated on the basis of the previous year’s profit of ₹5,40,000 for a period of 8 months. What will be the estimated profit for this period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy are the average profits of previous years used to calculate a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssuming that the deceased partner’s profit-sharing ratio is 1/1, if the annual profit is ₹8,40,000 and he dies 1 month 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 AccountancyWhile calculating the deceased partner’s share of profit, which period’s profit is generally not included?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated profit share for the full year is ₹2,64,000 and the partner dies 11 months after the beginning of the financial year, what will be the profit share up to the date of death? Assume that profit accrues evenly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIn a partnership maintaining fluctuating capital accounts, to which account is the deceased partner’s share of profit up to the date of death credited before the final payment?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s average annual profit is ₹3,00,000. If a partner dies after 10 months of the accounting year, what will be the estimated profit of the firm up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAccounting for the deceased partner’s share of profit earned up to the date of death mainly applies which principle?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the previous year's annual profit was ₹7,20,000 and profit accrues evenly throughout the year, what will be the estimated profit up to the date of a partner's death after 7 months?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhich information is most essential for determining the relevant period while calculating a deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the firm’s estimated annual profit is ₹6,00,000 and a partner dies 4 months into the financial year, what will be the firm’s estimated profit up to the date of death? Assume that profit is earned uniformly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the effect of crediting the deceased partner’s share of profit earned up to the date of death to the partner’s capital account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹96,000 and death occurred 6 months after the beginning of the financial year, what amount of profit will be credited to the deceased partner 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 AccountancyOn what basis is a 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 AccountancyA partnership firm’s estimated annual profit is ₹4,80,000, and profit is earned evenly throughout the year. A partner dies 5 months after the beginning of the accounting year. What will be the estimated profit of the firm up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyTo whom is the deceased partner’s share of profit earned up to the date of death ultimately payable?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe average annual profit of the firm for the last three years is ₹1,80,000. If a partner dies 8 months after the beginning of the accounting year and his share in the firm’s profits is 1/3, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is a partner’s share of profit up to the date of death primarily calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert