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Retirement Or Death Of Partner

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

AccountancyOn the death of a partner, his capital account shows ₹66,000, his share of profit is ₹14,000, and his share in the reserve fund is ₹20,000. If there are no other adjustments, what will be the total amount payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyA deceased partner’s account shows a total claim of ₹1,46,000. If ₹46,000 has already been paid to the partner’s executor, what amount of the claim remains payable?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyA deceased partner is entitled to capital of ₹82,000, a share of profit up to the date of death of ₹8,000, and a share of goodwill of ₹10,000. What is the total amount payable to the deceased partner’s legal representative?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyWhy is the deceased partner credited with a share of goodwill at the time of reconstitution?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyA partnership firm’s estimated annual profit is ₹20,40,000. A partner dies 2 months after the beginning of the financial year. If the partner’s profit-sharing ratio is 1:1, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyAfter 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 ShareExpertAccountancyA partner dies 7 months after the beginning of the accounting year. If the firm’s estimated annual profit is ₹3,24,000 and profit is assumed to accrue evenly throughout the year, what is the time-apportioned profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyIf the average annual profit for the last 3 years is ₹6,00,000 and a partner dies 4 months after the beginning of the accounting year, what profit is estimated up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyAt the time of a partner’s death, the total claim payable to the partner’s executor is ₹1,27,000. If the accumulated loss to be adjusted is ₹7,000, what will be the revised claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyIn a partnership firm, a deceased partner’s capital is ₹83,000 and the partner’s share of goodwill is ₹17,000. Based only on these two items, what amount will be payable to the deceased partner’s account?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyThe total claim payable to a deceased partner is ₹149000. His share of accumulated loss of ₹9000 is to be adjusted. What will be the revised claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyA deceased partner’s capital is ₹1,01,000 and the goodwill attributable to the partner’s share is ₹9,000. Assuming there are no other adjustments, what will be the amount of the deceased partner’s total claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyA deceased partner’s total claim is ₹1,42,000, and the partner’s drawings amount to ₹12,000. What will be the net claim after adjusting the drawings?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyOn a partner’s death, to whom is the amount due after adjustments in the Capital Account, Profit and Loss Adjustment Account, and other relevant accounts paid?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareHardAccountancyA firm earns an annual profit of ₹16,20,000. If a partner dies after 4 months of the financial year, what profit is attributable up to the date of death on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyThe correct determination of a deceased partner’s share of profit up to the date of death primarily helps in settling whose claim?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyWhy 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 ShareExpertAccountancyThe profit up to a partner’s date of death is to be estimated on the basis of the previous year’s profit of ₹5,40,000 for a period of 8 months. What will be the estimated profit for this period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyWhich information is most essential for determining the relevant period while calculating a deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpertAccountancyTo whom is the deceased partner’s share of profit earned up to the date of death ultimately payable?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert

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