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Profit Calculation

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

AccountancyIf an external liability is not transferred to the Realisation Account but its payment is recorded, what will be the effect on profit?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyAt the time of dissolution of the firm, a machine having a book value of ₹90,000 was sold for ₹1,00,000. What profit arose from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, if the total debit of the Realisation Account is ₹1,18,000 and the total credit is ₹1,24,000, what will be the profit on realisation?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution, a partner took over an asset having a book value of ₹62,000 for ₹70,000. What is the profit arising from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, an asset has a book value of ₹80,000 and is sold for ₹90,000. What profit will be recorded in the Realisation Account on the sale of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyDuring the dissolution of a firm, an asset had a book value of ₹95000 and was sold for ₹102000. If no selling expenses were incurred, what is the profit on the sale of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyIf the total debit of the Realisation Account is ₹99,000 and its total credit is ₹1,04,000, what is the profit on dissolution of the firm?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAt the time of dissolution of a partnership firm, an asset has a book value of ₹70,000 and is sold for ₹78,000. What is the profit on the sale of the asset?Class 12Dissolution of a Partnership FirmClosing the BusinessHard AccountancyAt the time of dissolution, an asset with a book value of ₹36000 was sold for ₹39000. What profit arose from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a firm, an asset with a book value of ₹39,000 is sold for ₹45,000. What profit arises from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyOn the dissolution of a partnership firm, if the total credit of the Realisation Account is ₹86,000 and the total debit is ₹81,500, what is the realisation profit?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, a firm’s machinery had a book value of ₹50,000 and was sold for ₹54,000. What profit arose from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution of a partnership firm, furniture had a book value of ₹18,000 and was sold for ₹21,000. What profit arises from this transaction?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium AccountancyAt the time of dissolution, a machine has a book value of ₹32,000 and is sold for ₹35,000. What is the profit on this sale?Class 12Dissolution of a Partnership FirmClosing the BusinessMedium 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 AccountancyA partner died after 8 months of the financial year. If the estimated annual profit is ₹2,76,000 and profit is earned at a uniform rate throughout the year, what is the estimated profit 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 AccountancyA firm earns an annual profit of ₹16,20,000. If a partner dies after 4 months of the financial year, what profit is attributable up to the date of death on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the annual profit of a partnership firm is ₹9,24,000, what will be the time-apportioned share of profit for the 6 months up to the partner’s death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is the date of death important when calculating a deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert