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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।

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 AccountancyThe firm’s annual profit is ₹4,44,000. What will be the deceased partner’s share of profit for 2 months, assuming the share is calculated on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen the deceased partner’s share of profit earned up to the date of death is credited to the partner’s account, what happens to the amount payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe deceased partner’s profit is to be estimated on a time basis up to the date of death. If the firm’s estimated annual profit is ₹5,76,000, what will be the share of profit for 4 months?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIn the accounting year in which a partner dies, how is the period after death treated while calculating the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after completing 11 months of the accounting year. If the estimated annual profit is ₹8,16,000, what amount should be taken as the profit for 11 months to determine the 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 partnership deed does not specify the method for estimating profit up to the date of a partner’s death, which basis is generally used?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partnership firm earned an annual profit of ₹1,92,000 in the previous year. If the profit up to the date of a partner’s death is estimated for a period of 3 months, what will be the profit for that period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies during the year. If the profit up to the date of death is estimated on a time basis, which formula correctly calculates the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe annual profit of a partnership firm is ₹3,36,000. If the deceased partner’s profit is estimated on a time basis and the partner died after 10 months of the accounting year, what amount of 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 ShareExpert AccountancyWho is the final beneficiary of the deceased partner's profit share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after 7 months of the financial year. If the profit for the previous year was ₹6,24,000, what is the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyHow is the deceased partner’s share of profit payable up to the date of death treated in the firm’s accounts?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA deceased partner died 5 months after the beginning of the financial year. The average annual profit of the previous years is ₹7,20,000. Based on the average profit, what is the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyFor which period is a deceased partner’s share of profit generally calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after completing 9 months of the financial year. The profit of the firm in the previous year was ₹2,88,000, and profit is earned evenly throughout the year. What estimated amount of the firm’s profit should be considered up to the partner’s date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUnder the fluctuating capital method, to which account is the deceased partner’s share of profit up to the date of death generally credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf a firm’s estimated annual profit is ₹9,00,000 and a partner dies after completing 8 months of the accounting year, what amount of estimated profit should be considered up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the primary purpose of 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 AccountancyThe average annual profit for the last four years is ₹4,80,000. A partner whose profit-sharing ratio is 1/4 dies 6 months after the beginning of the financial year. What is the estimated amount of the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert