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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।

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 AccountancyIf the deceased partner’s estimated annual share of profit is ₹11,40,000 and he dies 9 months after the beginning of the accounting 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 AccountancyThe correct determination of a deceased partner’s share in the profit earned up to the date of death primarily safeguards whose claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyBased on the previous year, if the firm’s estimated annual profit is ₹6,72,000 and a partner dies 5 months after the beginning of the year, what amount of profit should be estimated for the firm up to the date of death, assuming profits accrue evenly?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is average profit 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 AccountancyA partner dies 2 months after the beginning of the accounting year. If the firm’s annual profit, based on the average profit of previous years, is ₹18,00,000 and profit is earned uniformly throughout the year, what will be the estimated profit up to the date of death?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 AccountancyAccording to the partnership deed, the deceased partner’s annual share of profit is ₹13,44,000. If the partner dies after 7 months of the accounting year, what will be the partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAfter being credited to the deceased partner’s capital account, the amount of their share of profit is ultimately transferred to which account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyUsing the previous year’s annual profit of ₹5,04,000 as the basis, if a partner dies 5 months after the beginning of the financial year, what is the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert 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 firm’s annual profit is ₹15,60,000. For calculating the deceased partner’s time-proportionate share of profit, what amount should be taken as the profit for 1 month?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the average annual profit of previous years is ₹10,20,000 and a partner dies 3 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 AccountancyIf the deceased partner’s share of profit earned up to the date of death is credited to his capital account, what will happen to the capital account balance?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner died after 8 months of the financial year. If the estimated annual profit is ₹2,76,000 and profit is earned at a uniform rate throughout the year, what is the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen the partnership deed contains no provision, on what basis is the deceased partner’s share of profit up to the date of death generally estimated?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit, based on the previous year, is ₹7,68,000 and he dies 10 months after the beginning of the accounting year, what will be his time-apportioned share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyFor estimating a deceased partner’s share of profit up to the date of death, which information is essential for determining the relevant period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyFor calculating the deceased partner’s share of profit, if the firm’s estimated annual profit is ₹12,00,000 and the partner dies 2 months after the beginning of the financial year, what will be the firm’s estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partnership firm has an average annual profit of ₹8,40,000. For calculating the deceased partner’s share of profit, what amount of the firm’s estimated profit should be considered for the 5 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert