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Profit Up To Death

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

AccountancyWhat is the fundamental principle in calculating a deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAssertion (A): A deceased partner is entitled to his share of the profit earned from the beginning of the financial year up to the date of his death. Reason (R): He was a partner of the firm up to the date of death, and his right to the profit for that period had accrued.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA deceased partner’s capital is ₹76,000, his share of goodwill is ₹14,000, and his share of profit up to the date of death is ₹10,000. What will be the total amount payable to his legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAt the time of a partner’s death, his Capital Account shows ₹69,000, his share of profit up to the date of death is ₹11,000, and his share of the reserve fund is ₹20,000. What amount is payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are profits accruing after the date of death not included in the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are sales made after the partner’s death not included while estimating the deceased partner’s profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyThe firm’s annual profit is ₹18,00,000, earned uniformly throughout the year. What is the estimated profit for the 2 months up to the partner’s death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssertion (A): Subject to the partnership agreement, the deceased partner’s account is credited with his share of the profit earned from the beginning of the current accounting year up to the date of death.\nReason (R): He was a partner up to the date of death, and his right to the profit of that period arises from the partnership agreement.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhile calculating the deceased partner’s profit up to the date of death, if the firm’s annual profit is ₹12,00,000 and the relevant period is 6 months, what will be the profit for that period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is a deceased partner entitled to a share of the profit earned by the business up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is the deceased partner’s share of profit earned up to the date of death credited to his account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyTo which account is the deceased partner’s share of profit earned up to the date of death credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhy are profits earned after the date of death generally not included in the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy AccountancyFor what period is a deceased partner’s share of the profit for the year of death calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIn a partnership firm, is a share of the ordinary future profits earned after a partner’s death included in the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhen a partner dies, which item is generally added to the partner’s capital account up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhy is the deceased partner’s share of profit earned up to the date of death credited to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareEasy