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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।

AccountancyThe total claim payable to a deceased partner is ₹149000. His share of accumulated loss of ₹9000 is to be adjusted. What will be the revised claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are sales made after the partner’s death not included while estimating the deceased partner’s profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s total claim is ₹1,42,000, and the partner’s drawings amount to ₹12,000. What will be the net claim after adjusting the drawings?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhen a partner dies, which rule is applied to calculate the partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy are the average profits of previous years used to estimate the current year’s profit while determining a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA deceased partner’s share of the annual profit is ₹6,96,000. What estimated share of profit will be calculated for the 5 months up to the date of retirement or death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the partnership deed is silent, which method is generally used to estimate the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner died after completing 8 months of the financial year. If the firm's estimated annual profit is ₹3,72,000 and profit accrues evenly throughout the year, what is the deceased partner's proportionate share of profit up to the date of death?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 AccountancyAssertion: When a partner dies, he is entitled to his share of the profit earned up to the date of his death. Reason: He was a partner of the firm up to the date of his death.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 AccountancyA partner dies after completing 11 months of the accounting year. If the estimated annual profit is ₹8,16,000, what amount should be taken as the profit for 11 months to determine the deceased partner’s share of profit up to the date of death?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 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 AccountancyOn the date of a partner’s death, his capital is ₹77,000, his share in the reserve fund is ₹13,000, and his share of profit earned up to the date of death is ₹10,000. Assuming there are no other adjustments, what amount is payable to the deceased partner’s executor?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard 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 AccountancyThe profit up to a partner’s date of death is to be estimated on the basis of the previous year’s profit of ₹5,40,000 for a period of 8 months. What will be the estimated profit for this period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partnership firm’s estimated annual profit is ₹4,80,000, and profit is earned evenly throughout the year. A partner dies 5 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 ShareExpert AccountancyThe total claim payable to a deceased partner is ₹1,60,000. If ₹60,000 has already been paid, what amount remains payable?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard