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RELATED QUESTIONS

Profit Sharing

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

AccountancyCredit side of Realisation Account exceeds debit side by ₹32000. What does it mean?Class 12Dissolution of a Partnership FirmRealisation AccountExpert AccountancyOn closing the firm, a profit of ₹35,000 was earned. If the two partners’ profit-sharing ratio is 3:7, how much of the profit will be received by the partner with the larger share?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyAfter dissolution, a profit of ₹49,000 is to be distributed between the partners in the ratio 6:1. What will be the smaller partner’s share of the profit?Class 12Dissolution of a Partnership FirmClosing the BusinessExpert AccountancyWhich statement is correct regarding the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAccounting for a deceased partner’s share of profit earned up to the date of death primarily serves which purpose?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is the time ratio necessary when calculating a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹4,56,000, what will be the share of profit for the 11 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyTo whom is the deceased partner’s share of profit earned up to the date of death ultimately paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s annual share of profit is ₹12,96,000, what will be the share of profit for 7 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAfter determining the deceased partner’s share of profit up to the date of death, to which account is the amount ultimately transferred?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after 11 months of the accounting year. If his share in the annual profit is ₹5,04,000, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf a deceased partner’s estimated annual share of profit is ₹8,64,000, what will be the share of profit for the first 10 months of the accounting year?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe deceased partner’s share of profit earned up to the date of death forms part of whose rights?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssertion: When a partner dies, he is entitled to his share of the profit earned up to the date of his death. Reason: He was a partner of the firm up to the date of his death.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIn the accounting year in which a partner dies, how is the period after death treated while calculating the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUnder the fluctuating capital method, to which account is the deceased partner’s share of profit up to the date of death generally credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyOn the date of a partner’s death, his capital is ₹77,000, his share in the reserve fund is ₹13,000, and his share of profit earned up to the date of death is ₹10,000. Assuming there are no other adjustments, what amount is payable to the deceased partner’s executor?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhich of the following is a common mistake while calculating the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhile calculating the deceased partner’s share of profit, which period’s profit is generally not included?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated profit share for the full year is ₹2,64,000 and the partner dies 11 months after the beginning of the financial year, what will be the profit share up to the date of death? Assume that profit accrues evenly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert