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Retirement Accounting

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

AccountancyIf the deceased partner’s estimated annual share of profit is ₹96,000 and death occurred 6 months after the beginning of the financial year, what amount of profit will be credited to the deceased partner up to the date of death? Assume that profit is earned evenly throughout the year.Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyWhat is the most common expert-level mistake in a retiring partner loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountExpert AccountancyIn a ₹90,000 loan, ₹20,000 principal is paid after 7 months. On what amount will interest be charged for the next 5 months?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyWhat is the main effect of adding interest in a loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyA retiring partner's loan is ₹90,000 and interest is 8 percent per annum for 6 months. What is the interest?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountMedium AccountancyWhat is the effect of a partial payment on a retiring partner’s loan account?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasy AccountancyOn which side of the balance sheet is a retiring partner’s loan shown?Class 12Reconstitution - Retirement or Death of a PartnerPartner's Loan AccountEasy AccountancyGoodwill recorded in the books is ₹1,87,000, and the partners’ old profit-sharing ratio is 4:5:2. On writing off the old goodwill, what amount will be debited to Partner B’s account?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementExpert AccountancyWhat is the most precise accounting principle governing goodwill adjustment on the retirement of a partner?Class 12Reconstitution of PartnershipRetirement or Death of a PartnerHard AccountancyWhich option shows a common mistake in goodwill adjustment when a partner retires?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyThe profits for the last three years are ₹30,000, ₹35,000 and ₹40,000, respectively. Goodwill is valued at two years’ purchase of the average profit. If C’s share is \(\frac{1}{4}\), what is the value of C’s share in goodwill?Class 12Reconstitution - Retirement or Death of a PartnerGoodwill SettlementMedium AccountancyA, B and C share profits in the ratio 6:1:3. C retires, and A and B adopt a new ratio of 5:2. What is the correct gaining ratio?Class 12Reconstitution - Retirement or Death of a PartnerNew RatiosExpert