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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।

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 AccountancyOn the death of a partner, how is the partner’s share of accumulated profits, such as the general reserve, treated in the partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhich of the following is a common mistake while calculating the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyFor calculating a deceased partner’s share of profit, if the firm’s annual profit is ₹15,00,000 and the partner dies 3 months after the beginning of the financial year, what is the time-apportioned share of the firm’s profit 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 AccountancyWhy is a deceased partner’s share of profit calculated when the partner dies before the end of the accounting year?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyBased on the previous year’s profit, the deceased partner’s estimated annual share of profit was ₹3,24,000. If the partner dies after 5 months of the accounting year, what will be the share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is it necessary to determine the period 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 average annual share of profit was ₹9,00,000. The partner dies four months after the beginning of the financial 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 AccountancyIf the firm’s annual profit is ₹10,80,000 and a partner dies after 2 months of the financial year, what is the estimated profit up to the date of death on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyCase: The deed does not specify the method of estimating profit. What is the most appropriate basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAt the time of a partner’s death, if profit for the 7-month period is estimated on a time basis using the previous year’s annual profit of ₹2,16,000, what will be the profit for that period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssertion (A): Subject to the partnership agreement, the deceased partner’s account is credited with his share of the profit earned from the beginning of the current accounting year up to the date of death.\nReason (R): He was a partner up to the date of death, and his right to the profit of that period arises from the partnership agreement.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhich statement is correct regarding a deceased partner’s share of profit in a partnership firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhile calculating the deceased partner’s profit up to the date of death, if the firm’s annual profit is ₹12,00,000 and the relevant period is 6 months, what will be the profit for that period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUnder the time-basis method, which factor is directly 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 AccountancyWhat is the main objective of estimating a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies four months after the beginning of the financial year. If the firm’s estimated annual profit is ₹1,50,000 and profit is earned uniformly throughout the year, what will be the profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the effect of adding the deceased partner’s share of profit earned up to the date of death to his account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert