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Partner Retirement

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

AccountancyIf commission has been earned by a deceased partner up to the date of death, how will it be treated in the partner’s claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAssuming that profit accrues evenly throughout the year, if the estimated annual profit is ₹30,00,000 and a partner dies after 5 months of the financial year, what is the firm’s estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the profit of the previous year was ₹24,00,000 and profit is assumed to accrue evenly throughout the year, what will be the estimated profit up to the date of a partner’s death at the end of the 9th month of the current year?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf a deceased partner’s capital is ₹96,000 and accumulated profits are ₹4,000, and there are no other adjustments, what is the total amount payable to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf a deceased partner’s capital is ₹87,000 and their share of goodwill is ₹13,000, and there are no other adjustments, what will be the total claim credited to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIn the books of a partnership firm, how is the amount due to a deceased partner shown until it is paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyBased 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 ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹4,56,000, what will be the share of profit for the 11 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe amount of a deceased partner’s share of profit up to the date of death that remains payable by the firm is shown under which category in the firm’s books?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after completing 9 months of the accounting year. Based on an estimated annual profit of ₹9,60,000, what will be the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyOn the death of a partner, ₹91,000 stands to the credit of the partner’s Capital Account, ₹1,000 is debited for drawings, and ₹10,000 is to be credited for the partner’s share of goodwill. Ignoring other adjustments, what will be the net claim payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the death of a partner, his capital is ₹64000 and his share of accumulated profits is ₹36000. Assuming there are no other adjustments, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital is ₹72,000 and their share in the reserve fund is ₹28,000. If goodwill, profit or loss, and other adjustments are excluded, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s total claim is ₹1,32,000. If the partner’s drawings amount to ₹12,000, what will be the net claim after adjustment?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the date of a partner’s death, ₹93,000 stands to his credit in the Capital Account and he is entitled to a revaluation profit of ₹7,000. Assuming there are no other adjustments, what amount will be payable as the total claim to the deceased partner’s executor?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf a deceased partner’s capital is ₹97000 and their share of accumulated profits is ₹3000, what will be the total claim based only on these two items?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital is ₹86,000, his share of profit up to the date of death is ₹4,000, and his share of goodwill is ₹10,000. What will be the total amount payable to his account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the death of a partner, if no other adjustments are required, his Capital Account shows ₹73000, his share of Revaluation Profit is ₹7000, and his share of the Reserve Fund is ₹20000. What will be the total amount payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyTo whom is the amount due to a deceased partner ultimately paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhile determining the amount payable through a deceased partner’s capital account, which of the following items is generally deducted?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard