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Profit Adjustment

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

AccountancyIf the partnership deed is silent, where is the profit share up to the date of death credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner has ₹75,000 credited to the Capital Account and a share of profit up to the date of death amounting to ₹12,500. Ignoring other adjustments, what total amount is payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s capital in the firm is ₹50,000, and their share of profit up to the date of death is ₹3,000. Considering only these two items, what amount will be credited to the partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhile beginning the calculation of the amount due to a deceased partner, which item is generally taken as the initial basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyHow is abnormal gain treated before calculating average profit for goodwill valuation?Class 12Reconstitution - Admission of a PartnerGoodwill AccountingMedium AccountancyWhile calculating average profit for the valuation of goodwill, how should the abnormal flood loss of ₹40,000 incurred last year be adjusted?Class 12Partnership Accounts - Basic ConceptsGoodwillHard AccountancyThe firm is expected to save ₹18,000 on insurance expenses every year in the future. What will be the effect on adjusted profit for goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyWhat is the main purpose of adjusting past profits in goodwill valuation?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyWhile determining maintainable profit for goodwill valuation, how is regular additional income expected in the future treated?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyHow is an expense not expected in future treated in goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyAn additional managerial salary of ₹18,000 will be payable every year in the future. What will be its effect on the adjusted profit used for goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyWhen are abnormal items adjusted while valuing goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhile determining average or maintainable profit for goodwill valuation, what is done with an expense that is not expected to occur in the future?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyWhy is abnormal profit adjusted while valuing goodwill?Class 12Partnership Accounts - Basic ConceptsGoodwillMedium AccountancyWhat is the correct treatment of abnormal loss in goodwill valuation?Class 12Partnership Accounts - Basic ConceptsGoodwillEasy AccountancyA B and C share profits in the ratio 4:3:2. C is guaranteed a minimum of ₹36000 by A alone. Total profit is ₹135000. What is A's final share?Class 12Partnership Accounts - Basic ConceptsAdjustmentsHard AccountancyIf share of profit was wrongly distributed in old ratio how will it be corrected?Class 12Partnership Accounts - Basic ConceptsAdjustmentsEasy AccountancyProfit of Rs 2,10,000 was wrongly shared in the ratio 4:2:1 instead of the correct ratio 3:3:1. How much more will B receive on adjustment?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyA guaranteed minimum profit to B. Bs deficiency is Rs 9000. What will be the effect on A in final distribution?Class 12Partnership Accounts - Basic ConceptsProfit DistributionMedium AccountancyWhich items may be written for adjustment before distributing profit?Class 12Partnership Accounts - Basic ConceptsPartnership DeedEasy