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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 partnership firm’s estimated annual profit is ₹20,40,000. A partner dies 2 months after the beginning of the financial year. If the partner’s profit-sharing ratio is 1:1, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyWhen 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 ShareExpertAccountancyA partner dies after 8 months of the financial year. If the firm’s estimated annual profit is ₹5,88,000 and profit accrues evenly throughout the 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 ShareExpertAccountancyWhich statement is correct regarding the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyAccording 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 ShareExpertAccountancyIf 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 ShareExpertAccountancyWhat 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 ShareExpertAccountancyA 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 ShareExpertAccountancyCase: The partnership deed does not specify the method for estimating profit up to the date of a partner’s death. In such a situation, which basis is generally adopted?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyA partner dies after 11 months of the accounting year. If the estimated profit for the full year is ₹7,92,000 and profit is assumed to accrue evenly throughout the year, what estimated profit should be credited to the partner’s account up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyWhen 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 ShareExpertAccountancyThe 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 ShareExpertAccountancyIf 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 ShareExpertAccountancyAccounting 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 ShareExpertAccountancyIf 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 ShareExpertAccountancyThe 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 ShareExpertAccountancyBased on the previous year, if the firm’s estimated annual profit is ₹6,72,000 and a partner dies 5 months after the beginning of the year, what amount of profit should be estimated for the firm up to the date of death, assuming profits accrue evenly?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyWhy 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 ShareExpertAccountancyThe deceased partner’s estimated annual share of profit, based on the previous year, is ₹9,84,000. If he died 6 months after the beginning of the financial year and profit is assumed to accrue evenly throughout the year, what amount of profit is credited to him up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyA partner dies 2 months after the beginning of the accounting year. If the firm’s annual profit, based on the average profit of previous years, is ₹18,00,000 and profit is earned uniformly throughout the year, what will be the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert

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