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Profit Till Death

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

AccountancyIf a firm’s estimated annual profit is ₹9,00,000 and a partner dies after completing 8 months of the accounting year, what amount of estimated profit should be considered up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe average annual profit for the last four years is ₹4,80,000. A partner whose profit-sharing ratio is 1/4 dies 6 months after the beginning of the financial year. What is the estimated amount of the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyOn the death of a partner, ₹81,000 is due as capital, ₹9,000 as the partner’s share of goodwill, and ₹10,000 as the share of profit up to the date of death. What will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyFor calculating a deceased partner’s share of profit, if the firm’s annual profit is ₹15,00,000 and the partner dies 3 months after the beginning of the financial year, what is the time-apportioned share of the firm’s profit 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 AccountancyA partner’s average annual share of profit was ₹9,00,000. The partner dies four months after the beginning of the financial year. What amount of profit should be credited to the partner’s account up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the firm’s annual profit is ₹10,80,000 and a partner dies after 2 months of the financial year, what is the estimated profit up to the date of death on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAt the time of a partner’s death, if profit for the 7-month period is estimated on a time basis using the previous year’s annual profit of ₹2,16,000, what will be the profit for that period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUnder the time-basis method, which factor is directly used to calculate 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 estimated annual profit attributable to the deceased partner is ₹4,20,000 and he dies after 9 months of the financial year, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhich information is most essential for determining the relevant period while 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 AccountancyWhat is the effect of crediting the deceased partner’s share of profit earned up to the date of death to the partner’s capital account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹96,000 and death occurred 6 months after the beginning of the financial year, what amount of profit will be credited to the deceased partner 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 partnership firm’s estimated annual profit is ₹4,80,000, and profit is earned evenly throughout the year. A partner dies 5 months after the beginning of the accounting year. What will be the estimated profit of the firm up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe average annual profit of the firm for the last three years is ₹1,80,000. If a partner dies 8 months after the beginning of the accounting year and his share in the firm’s profits is 1/3, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the primary objective when finally determining a deceased partner’s share in the partnership accounts?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy is it necessary to calculate the deceased partner’s share correctly?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyIn whose capital account is the deceased partner’s share of profit up to the date of death credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyWhat basis is considered while determining the claim of a deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium