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RELATED QUESTIONS

Retirement Or Death

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 total claim is ₹1,68,000. If the firm has an accumulated loss of ₹18,000, what will be the net claim payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are drawings deducted from the deceased partner’s claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner has ₹1,14,000 standing to the credit of the capital account, and the value of the partner’s share in goodwill is ₹6,000. Assuming there are no other adjustments, what total amount is payable to the partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy is a deceased partner not given a share of profits earned after the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyHow is the interest accrued on the deceased partner’s capital up to the date of death accounted for?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf the deceased partner’s total claim is ₹1,18,000 and a revaluation loss of ₹8,000 is to be deducted from it, what will be the net claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s total claim is ₹1,45,000 and his drawings are ₹15,000. What will be the net claim after deducting the drawings?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA partner dies after 8 months of the financial year. If the firm’s estimated annual profit is ₹5,88,000 and profit accrues evenly throughout the 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 AccountancyWhat is the significance of the period elapsed up to the date of death when calculating a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe firm’s estimated annual profit is ₹14,64,000. According to the partnership deed, the deceased partner’s profit-sharing ratio is 1/4. If the partner died 3 months after the beginning of the accounting year, what amount represents the partner’s share of profit 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 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 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 what period is the deceased partner generally entitled to claim a share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA deceased partner’s total claim amounts to ₹156000. If there is a revaluation loss of ₹6000, what will be the net claim payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy are profits accruing after the date of death not included in the deceased partner’s share?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyWhy is the deceased partner’s share of revaluation loss deducted from the amount due to the deceased partner’s estate?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyIf interest is payable according to the partnership deed, how is the interest accrued on the deceased partner’s capital up to the date of death treated in the amount due to the partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyA deceased partner’s total claim before adjustment is ₹1,21,000. If the revaluation loss is ₹11,000, what will be the net claim payable to the deceased partner?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard AccountancyOn the death of a partner, how is the deceased partner’s share of accumulated loss recorded in his account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHard