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Retirement

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

AccountancyA deceased partner’s account is to be credited with capital of ₹95,000 and ₹5,000 as the partner’s share of goodwill. Assuming there are no other adjustments, what will be the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyIf the firm’s annual profit is ₹2,40,000 and profit is earned uniformly throughout the year, what will be the time-apportioned profit up to the death of the partner at the end of the 11th month?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMediumAccountancyTo calculate the deceased partner’s share of profit payable up to the date of death, which ratio should be identified first?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMediumAccountancyWhen is estimated profit used to calculate a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareMediumAccountancyIf part of the amount due to a retiring partner is settled by giving machinery, what should be done while finding the loan account amount?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyRavi was due ₹270000 on retirement. ₹110000 was paid immediately and interest on the balance is charged for six months at nine percent per annum. What is the total amount payable before payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhy is profit share not given on balance in retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpertAccountancyIn which circumstance will the loan account amount be equal to the retiring partner's final capital balance?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyIn which situation does a retiring partner's loan account give a more appropriate classification than capital account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyPrateek was due ₹240000 on retirement, ₹90000 was paid immediately and interest on the balance is charged for nine months at eight percent per annum. What is the total amount payable before payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyHow will the interest period on a loan be determined when retirement occurs during the year?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhy should the balance of a retiring partner's loan account not be taken back to capital account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyWhat is the accounting basis for treating a partner as a creditor after retirement?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyAvinash was due ₹180000 on retirement, ₹60000 was paid immediately and interest on the balance is due for six months at six percent per annum. What is the total amount payable just before payment?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountHardAccountancyA retiring partner’s loan account is prepared after which stage?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancy₹1,80,000 is due to a retiring partner and ₹50,000 is paid immediately. How much will be transferred to the loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyIf the full amount due to a retiring partner is paid immediately, what is the need for a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhat is the main purpose of opening retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMediumAccountancyWhen will a retiring partner's loan account not be needed?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasyAccountancyIf the agreement is silent about interest, what rate is generally applied on a retiring partner's loan?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasy

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