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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।

AccountancyIn which situation is a deceased partner’s share of profit up to the date of death determined?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf a deceased partner’s estimated annual share of profit is ₹8,64,000, what will be the share of profit for the first 10 months of the accounting year?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is the date of death important 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 ShareExpert AccountancyA deceased partner’s estimated annual share of profit is ₹2,04,000. What will be the partner’s share of profit for the 5 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhy is a time ratio necessary for calculating the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert 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 AccountancyWhen the deceased partner’s share of profit up to the date of death is credited to the partner’s capital/current account, what is the effect on the account’s credit balance?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe deceased partner’s share of profit earned up to the date of death forms part of whose rights?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyTo determine the deceased partner’s share of profit up to the date of death, what is the 8-month portion of the annual profit of ₹11,52,000?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partnership firm’s estimated annual profit is ₹7,56,000. For calculating the deceased partner’s profit up to the relevant date, what amount should be taken as the profit for one month?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhich of the following is generally considered the most reliable basis for estimating a partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the deceased partner’s estimated annual share of profit is ₹10,08,000, what amount of profit share should be accounted for the 5 months up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the partnership agreement contains no contrary provision, on what basis is the deceased partner’s share of profit up to the date of death generally determined?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies 3 months after the beginning of the accounting year. If the firm’s estimated annual profit is ₹13,20,000 and profit is assumed to accrue evenly over time, what amount of profit should be considered for the first 3 months before calculating the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s annual profit is ₹4,44,000. What will be the deceased partner’s share of profit for 2 months, assuming the share is calculated on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhen the deceased partner’s share of profit earned up to the date of death is credited to the partner’s account, what happens to the amount payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe deceased partner’s profit is to be estimated on a time basis up to the date of death. If the firm’s estimated annual profit is ₹5,76,000, what will be the share of profit for 4 months?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIn the accounting year in which a partner dies, how is the period after death treated while calculating the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies after completing 11 months of the accounting year. If the estimated annual profit is ₹8,16,000, what amount should be taken as the profit for 11 months to determine 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 during the year. If the profit up to the date of death is estimated on a time basis, which formula correctly calculates the deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert