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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।

AccountancyIf the average annual profit of the past years is ₹16,80,000, what will be the estimated profit for the 5 months up to the partner’s death? This is the total profit before calculating the deceased partner’s share.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner’s normal annual share of profit is ₹12,48,000. The partner dies 4 months after the beginning of the financial year. What amount of profit share is payable up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen the deceased partner’s estimated share of profit up to the date of death is credited to the partner’s capital account, how is the amount payable to the legal representative affected?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the firm’s average annual profit is ₹4,32,000 and a partner dies 8 months after the beginning of the financial year, what profit of the firm is estimated 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 ₹11,40,000 and he dies 9 months after the beginning of the accounting year, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe correct determination of a deceased partner’s share in the profit earned up to the date of death primarily safeguards whose claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert 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 AccountancyWhy is average profit used to calculate 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 dies 2 months after the beginning of the accounting year. If the firm’s annual profit, based on the average profit of previous years, is ₹18,00,000 and profit is earned uniformly throughout the year, what will be the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAccording to the partnership deed, the deceased partner’s annual share of profit is ₹13,44,000. If the partner dies after 7 months of the accounting year, what will be the partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAfter being credited to the deceased partner’s capital account, the amount of their share of profit is ultimately transferred to which account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUsing the previous year’s annual profit of ₹5,04,000 as the basis, if a partner dies 5 months after the beginning of the financial year, what is the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is the deceased partner’s share of profit up to the date of death calculated in a partnership firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s share of profit earned up to the date of death is credited to his capital account, what will happen to the capital account balance?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen the partnership deed contains no provision, 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 ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit, based on the previous year, is ₹7,68,000 and he dies 10 months after the beginning of the accounting year, what will be his time-apportioned share of profit 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 partnership firm has an average annual profit of ₹8,40,000. For calculating the deceased partner’s share of profit, what amount of the firm’s estimated profit should be considered for the 5 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies 7 months after the beginning of the accounting year. If the firm’s estimated annual profit is ₹3,24,000 and profit is assumed to accrue evenly throughout the year, what is the time-apportioned profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyFor what period is the deceased partner generally entitled to claim a share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert