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Partner Death

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

AccountancyWhat happens to the firm’s liability when the deceased partner’s share is paid to the executor?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyTo whom is the deceased partner’s share of profit earned up to the date of death paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIf the amount due to the legal heir of a deceased partner is not paid immediately, to which account is it transferred?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyThe executor’s loan account of a deceased partner shows a liability of ₹1,60,000. If ₹65,000 has been paid, what will be the remaining liability?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyA deceased partner’s executor loan account shows an amount payable of ₹1,80,000. If ₹45,000 has been paid, what will be the remaining liability?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyA, B and C share profits in the ratio 7:3:5. A dies, and the goodwill of the firm is valued at ₹225000. How much should be credited to A’s executor as A’s share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyAt the retirement or death of a partner, if the question specifies a particular method of goodwill valuation, how should the value of goodwill be determined?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA, B and C share profits in the ratio 4:1:5. A dies, and the goodwill of the firm is valued at ₹1,00,000. How much will be payable to A’s executor for goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyAt the retirement or death of a partner, if a continuing partner does not gain from goodwill, what effect will the goodwill adjustment have on that partner?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIn which situation may valuation of goodwill be necessary in a firm?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyIf the firm's total goodwill is ₹90,000 and the deceased partner's share in goodwill is \(1/5\), what will be the amount of the goodwill claim?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementEasy AccountancyA, B and C share profits and losses in the ratio 7:1:2. C dies, and the new profit-sharing ratio of A and B becomes 3:2. What is B’s gain in share?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyA, B and C share the profits and losses of a firm in the ratio 2:5:3. After B’s death, A and C acquire B’s share in the ratio 3:2. What will be the new profit-sharing ratio of A and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyA, B and C share profits in the ratio 6:2:2. A dies, and B and C acquire A’s share in the ratio 1:2. What will be the new profit-sharing ratio of B and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyA, B and C share profits in the ratio 8:7:3. B dies, and A and C acquire B’s share in the ratio 5:2. What will be the new profit-sharing ratio of A and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyA, B and C share profits in the ratio 12:8:10. A dies. If B and C continue to share profits between themselves in their old ratio, what will be their new profit-sharing ratio?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyA, B and C share profits in the ratio 6:7:5. After B’s death, A and C acquire B’s share in the ratio 4:3. What is the new profit-sharing ratio of A and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard AccountancyA, B and C share profits in the ratio 2:3:5. A dies, and the new profit-sharing ratio of B and C becomes 5:5. What is the gaining ratio of B and C?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyA, B and C share profits and losses in the ratio 5:3:2. After C's death, A and B agree to share profits and losses in the new ratio 4:3. What is the correct gaining ratio of A and B?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert AccountancyAfter the retirement or death of a partner, two partners have new profit-sharing shares of 29/50 and 16/50, respectively. What will be their new profit-sharing ratio?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosHard