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Reconstitution Retirement Or Death Of A Partner

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

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 AccountancyTo whom is the deceased partner’s share of profit earned up to the date of death ultimately payable?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 AccountancyWhy is a partner’s share of profit up to the date of death primarily calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the profit for the previous year was ₹3,60,000 and a partner died 2 months after the beginning of the financial year, what would be the estimated share of profit up to the date of death, assuming profit accrues evenly?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat type of item is the deceased partner’s share of profit earned up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf, according to the partnership deed, profit is estimated on the basis of average profit and the time ratio, and a partner dies 9 months after the beginning of the accounting year, what will be the deceased partner’s estimated share of profit when the average annual profit is ₹2,40,000?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf profit is earned uniformly throughout the year, which ratio is used to estimate 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 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 AccountancyIf the partnership deed is silent, where is the profit share up to the date of death credited?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyThe total amount due to a deceased partner is ₹1,38,000. If a revaluation loss of ₹8,000 and drawings of ₹10,000 are to be deducted from it, what will be the net claim payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are the deceased partner’s drawings deducted while calculating the amount payable to the partner up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyAt the time of a partner’s death, his Capital Account shows ₹93,000, his share of goodwill is ₹9,000, and his share of revaluation profit is ₹8,000. What total amount will be credited to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIn which situation is interest on capital included in the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyThe total claim payable to a deceased partner is ₹1,60,000. If ₹60,000 has already been paid, what amount remains payable?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard 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 AccountancyIn a firm, a deceased partner’s capital is ₹84,000. A share of profit of ₹6,000 and a reserve fund of ₹10,000 are also due to the partner’s account. What will be the total amount of the deceased partner’s claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIn calculating a deceased partner’s claim, how is the reserve fund treated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf the total amount payable to a deceased partner is ₹145,000 and an accumulated loss of ₹15,000 is to be adjusted against it, what will be the revised claim, ignoring other adjustments?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn what basis is the deceased partner’s share of the profit arising from revaluation at the date of death added?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard