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Partnership Accounts

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

AccountancyWhich of the following is generally considered the most reliable basis for estimating a partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹10,08,000, what amount of profit share should be accounted for the 5 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the partnership agreement contains no contrary provision, on what basis is the deceased partner’s share of profit up to the date of death generally determined?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s annual profit is ₹4,44,000. What will be the deceased partner’s share of profit for 2 months, assuming the share is calculated on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen the deceased partner’s share of profit earned up to the date of death is credited to the partner’s account, what happens to the amount payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies during the year. If the profit up to the date of death is estimated on a time basis, which formula correctly calculates the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe annual profit of a partnership firm is ₹3,36,000. If the deceased partner’s profit is estimated on a time basis and the partner died after 10 months of the accounting 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 AccountancyWho is the final beneficiary of the deceased partner's profit share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyHow is the deceased partner’s share of profit payable up to the date of death treated in the firm’s accounts?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyFor which period is a deceased partner’s share of profit generally calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after completing 9 months of the financial year. The profit of the firm in the previous year was ₹2,88,000, and profit is earned evenly throughout the year. What estimated amount of the firm’s profit should be considered up to the partner’s date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUnder the fluctuating capital method, to which account is the deceased partner’s share of profit up to the date of death generally credited?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, ₹81,000 is due as capital, ₹9,000 as the partner’s share of goodwill, and ₹10,000 as the share of profit up to the date of death. What will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf the deceased partner’s total claim is ₹1,54,000 and a revaluation loss of ₹4,000 is to be deducted from it, what will be the net claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital balance is ₹105000 and their share of goodwill is ₹15000, while drawings amount to ₹5000. Assuming there are no other adjustments, what will be the deceased partner’s net claim?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 AccountancyIn the deceased partner’s claim, if the capital is ₹70,000 and the partner’s share of the reserve fund is ₹12,000, what will be the total claim based on these two items?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf the total amount due to a deceased partner is ₹1,18,000 and the partner’s drawings are ₹8,000, what will be the net claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard