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RELATED QUESTIONS

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 firm’s goodwill is valued at ₹1,20,000. If the deceased partner’s share in goodwill is \(1/6\), what is the value of his share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhat should be determined first 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 ShareMedium AccountancyWhich of the following is an example of an item credited to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWho generally claims the amount due to a deceased partner from the firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf a partner dies after completing 9 months of the accounting year, what fraction of the annual profit will be considered for calculating the partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhat is the basis for including the firm's share of goodwill while calculating a deceased partner's due?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhich of the following items increases the final amount payable to a deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf the reserve is distributed among the partners in their profit-sharing ratio, how much will be transferred to the deceased partner’s account when the reserve is ₹24,000 and his share is 1/4?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf the annual profit is ₹2,40,000 and a partner dies 3 months after the beginning of the year, what will be the time-based profit assuming profit accrues evenly?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIn settling the deceased partner’s share, which item represents the partner’s individual economic entitlement in the firm’s goodwill?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf the partnership deed contains a specific provision for calculating the deceased partner’s share of profit up to the date of death, on what basis will the share be calculated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyOn the date of a partner’s death, the balance in the partner’s capital account is ₹80,000. From which account will this amount be taken while calculating the amount due to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhen is the deceased partner’s share of the Investment Fluctuation Reserve transferred to their capital account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhich ratio is used to determine a deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf the amount due to a deceased partner is not paid immediately, to which account is it transferred?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf the firm's profit is ₹72,000 and the deceased partner's share of profit is \(1/4\), what will be the deceased partner's share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyOn what basis is payment made to the legal heir of a deceased partner in a partnership firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyIf the firm's goodwill is ₹90,000 and the deceased partner's share in the profit-sharing ratio is 1/3, what is the deceased partner's share of goodwill?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyWhen a partner dies, what is the main purpose of preparing the deceased partner’s final account in a partnership firm?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium AccountancyA and B share profits in the ratio 3:2. What was A’s share in the firm’s profits before his death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMedium