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Profit Apportionment

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

AccountancyAssuming that profit accrues evenly throughout the year, if the estimated annual profit is ₹30,00,000 and a partner dies after 5 months of the financial year, what is the firm’s estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the significance of the period elapsed up to the date of death when calculating a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s estimated annual profit is ₹14,64,000. According to the partnership deed, the deceased partner’s profit-sharing ratio is 1/4. If the partner died 3 months after the beginning of the accounting year, what amount represents the partner’s share of profit 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 AccountancyA partner dies after completing 9 months of the accounting year. Based on an estimated annual profit of ₹9,60,000, what will be the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA deceased partner’s share of the annual profit is ₹6,96,000. What estimated share of profit will be calculated for the 5 months up to the date of retirement or death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is a time ratio necessary for calculating the deceased partner’s share of profit 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 AccountancyA partner dies after completing 11 months of the accounting year. If the estimated annual profit is ₹8,16,000, what amount should be taken as the profit for 11 months to determine 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 the time ratio useful for calculating a deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancySales of first period are three lakh and sales of second period are five lakh. Total profit is one lakh sixty thousand rupees. What profit will be considered for second period?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancySales of first period are two lakh and sales of second period are three lakh. Total profit is one lakh rupees. What profit will be considered for second period?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard AccountancyIf profit ratio changed during the year but profit was not earned evenly and must be divided on sales basis what should be done?Class 12Partnership Accounts - Basic ConceptsProfit DistributionHard