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Partnership Accounting

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

AccountancyWhich account is prepared at the time of dissolution of a firm to determine the profit or loss arising from the settlement of its assets and external liabilities?Class 12Dissolution of a Partnership FirmClosing the BusinessEasyAccountancyIf 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 ShareHardAccountancyIf the deceased partner’s total claim is ₹1,62,000 and drawings amount to ₹22,000, what will be the net claim after deducting the drawings?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyThe total claim payable to a deceased partner is ₹1,48,000. If an accumulated loss of ₹8,000 is to be adjusted against it, what will be the revised claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyWhen interim accounts are not prepared, on what basis is the deceased partner’s share of profit up to the date of death generally estimated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyWhat is the significance of the period elapsed 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 ShareExpertAccountancyCase: The partnership deed does not specify the method for estimating profit up to the date of a partner’s death. In such a situation, which basis is generally adopted?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyThe firm’s estimated annual profit is ₹14,64,000. According to the partnership deed, the deceased partner’s profit-sharing ratio is 1/4. If the partner died 3 months after the beginning of the accounting year, what amount represents the partner’s share of profit up to the date of death? Assume that profit is earned evenly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyAccounting for a deceased partner’s share of profit earned up to the date of death primarily serves which purpose?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyWhy is the time ratio necessary when calculating a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyAssertion (A): A deceased partner is entitled to his share of the profit earned from the beginning of the financial year up to the date of his death. Reason (R): He was a partner of the firm up to the date of death, and his right to the profit for that period had accrued.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyA firm’s annual profit is ₹15,60,000. For calculating the deceased partner’s time-proportionate share of profit, what amount should be taken as the profit for 1 month?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyIf the average annual profit of previous years is ₹10,20,000 and a partner dies 3 months after the beginning of the accounting year, what will be the estimated profit of the firm up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyA partner died after 8 months of the financial year. If the estimated annual profit is ₹2,76,000 and profit is earned at a uniform rate throughout the year, what is the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyFor calculating the deceased partner’s share of profit, if the firm’s estimated annual profit is ₹12,00,000 and the partner dies 2 months after the beginning of the financial year, what will be the firm’s estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyTo whom is the deceased partner’s share of profit earned up to the date of death ultimately paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyAt the time of a partner’s death, the total claim payable to the partner’s executor is ₹1,27,000. If the accumulated loss to be adjusted is ₹7,000, what will be the revised claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyOn 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 ShareHardAccountancyWhich of the following items is credited to the deceased partner’s account when it has accrued up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyA deceased partner’s capital account has a balance of ₹79,000, and the partner’s share of the reserve fund is ₹21,000. Based only on these two items, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard

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