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Partnership Reconstitution

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

AccountancyUntil the deceased partner’s claim is fully paid, what is the status of the legal representative in relation to the firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhich item directly reduces the amount payable to a deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAfter a partner’s death, up to what point may interest be added to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy is the deceased partner’s share of the reserve fund added to the amount due to them?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are profits earned after the date of death not included in the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital account has a credit balance of ₹90000, and his drawings are ₹10000. Ignoring interest, profit and other adjustments, what will be the net amount payable to the partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf the amount due to a deceased partner’s legal representative is not paid immediately, how is that amount treated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyThe balance in deceased partner A’s capital account is ₹80,000. He is entitled to ₹12,000 as his share of goodwill and ₹8,000 as his share of accumulated profits. If there are no other adjustments, what will be the total amount due to deceased partner A?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy is the deceased partner’s legal representative interested in calculating the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyA partnership firm has a reserve of ₹54,000. If the deceased partner’s share in the profit-sharing ratio is \(\frac{1}{9}\), what amount of the reserve will be transferred to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhen can the deceased partner’s share of the Investment Fluctuation Reserve be distributed?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf a partner dies during the year and the partnership deed prescribes a special method for determining the partner’s share of profit up to the date of death, on what basis should the profit be calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhich of the following items generally increases the amount payable to a deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhat can the legal representative of a deceased partner claim from the firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyOn a partner’s death, if the amount due to the partner is not paid immediately, to which account is it transferred in the firm’s books?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyA deceased partner’s capital account shows ₹80,000 and their share of goodwill is ₹10,000. What total amount will be due to the partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIn the reconstitution of a partnership, to which account is the deceased partner’s share of the reserve fund credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhat does the legal representative of a deceased partner have a claim on from the firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhy is the deceased partner’s share of profit earned up to the date of death credited to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyAfter reconstitution, under which category does the amount payable to a deceased partner’s account fall for the firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy