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Deceased Partner

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

AccountancyThe deceased partner’s share of profit earned up to the date of death forms part of whose rights?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyTo determine the deceased partner’s share of profit up to the date of death, what is the 8-month portion of the annual profit of ₹11,52,000?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhich of the following is a common error in 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 AccountancyA partnership firm’s estimated annual profit is ₹7,56,000. For calculating the deceased partner’s profit up to the relevant date, what amount should be taken as the profit for one month?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹10,08,000, what amount of profit share should be accounted for the 5 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the partnership agreement contains no contrary provision, on what basis is the deceased partner’s share of profit up to the date of death generally determined?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies 3 months after the beginning of the accounting year. If the firm’s estimated annual profit is ₹13,20,000 and profit is assumed to accrue evenly over time, what amount of profit should be considered for the first 3 months before calculating the deceased partner’s share?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 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 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 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