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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।

AccountancyWhile calculating the deceased partner’s share of profit, which period’s profit is generally not included?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated profit share for the full year is ₹2,64,000 and the partner dies 11 months after the beginning of the financial year, what will be the profit share up to the date of death? Assume that profit accrues evenly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIn a partnership maintaining fluctuating capital accounts, to which account is the deceased partner’s share of profit up to the date of death credited before the final payment?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s average annual profit is ₹3,00,000. If a partner dies after 10 months 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 AccountancyAccounting for the deceased partner’s share of profit earned up to the date of death mainly applies which principle?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the previous year's annual profit was ₹7,20,000 and profit accrues evenly throughout the year, what will be the estimated profit up to the date of a partner's death after 7 months?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the firm’s estimated annual profit is ₹6,00,000 and a partner dies 4 months into the financial year, what will be the firm’s estimated profit up to the date of death? Assume that profit is earned uniformly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the effect of crediting the deceased partner’s share of profit earned up to the date of death to the partner’s capital account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹96,000 and death occurred 6 months after the beginning of the financial year, what amount of profit will be credited to the deceased partner 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 ShareExpert AccountancyOn what basis is a deceased partner’s share of profit up to the date of death generally estimated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyTo whom is the deceased partner’s share of profit earned up to the date of death ultimately payable?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe average annual profit of the firm for the last three years is ₹1,80,000. If a partner dies 8 months after the beginning of the accounting year and his share in the firm’s profits is 1/3, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the profit for the previous year was ₹3,60,000 and a partner died 2 months after the beginning of the financial year, what would be the estimated share of profit up to the date of death, assuming profit accrues evenly?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat type of item is the deceased partner’s share of profit earned up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf, according to the partnership deed, profit is estimated on the basis of average profit and the time ratio, and a partner dies 9 months after the beginning of the accounting year, what will be the deceased partner’s estimated share of profit when the average annual profit is ₹2,40,000?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf profit is earned uniformly throughout the year, which ratio is 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 AccountancyWhy is a deceased partner entitled to a share of the profit earned by the business up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf a deceased partner’s capital account shows ₹78,000, the goodwill attributable to the partner is ₹12,000, and the accumulated loss adjusted against the partner’s share is ₹10,000, what is the net claim payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyThe total amount due to a deceased partner is ₹1,38,000. If a revaluation loss of ₹8,000 and drawings of ₹10,000 are to be deducted from it, what will be the net claim payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are the deceased partner’s drawings deducted while calculating the amount payable to the partner up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard