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Time Ratio

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

AccountancyIf the profit of the previous year was ₹24,00,000 and profit is assumed to accrue evenly throughout the year, what will be the estimated profit up to the date of a partner’s death at the end of the 9th month of the current year?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 AccountancyWhy is the time ratio necessary when calculating a deceased partner’s share of profit?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAccording to the partnership deed, the deceased partner’s annual share of profit is ₹13,44,000. If the partner dies after 7 months of the accounting year, what will be the 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 after completing 9 months of the accounting year. Based on an estimated annual profit of ₹9,60,000, what will be the estimated profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf 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 ShareExpert AccountancyA partner dies after 9 months of the financial year. If the profit of the previous year was ₹14,40,000 and profit is earned uniformly throughout the year, what amount of profit will be considered as the deceased partner’s share 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 AccountancyWhich of the following is a common error in 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 partner dies after completing 9 months of the financial year. The profit of the firm in the previous year was ₹2,88,000, and profit is earned evenly throughout the year. What estimated amount of the firm’s profit should be considered up to the partner’s date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyThe average annual profit for the last four years is ₹4,80,000. A partner whose profit-sharing ratio is 1/4 dies 6 months after the beginning of the financial year. What is the estimated amount of the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf the firm’s annual profit is ₹10,80,000 and a partner dies after 2 months of the financial year, what is the estimated profit up to the date of death on a time basis?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAt the time of a partner’s death, if profit for the 7-month period is estimated on a time basis using the previous year’s annual profit of ₹2,16,000, what will be the profit for that period?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partner dies four months after the beginning of the financial year. If the firm’s estimated annual profit is ₹1,50,000 and profit is earned uniformly throughout the year, what will be the profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyAssuming that the deceased partner’s profit-sharing ratio is 1/1, if the annual profit is ₹8,40,000 and he dies 1 month after the beginning of the accounting year, what will be his share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyA partnership firm’s estimated annual profit is ₹4,80,000, and profit is earned evenly throughout the year. A partner dies 5 months after the beginning of the accounting 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 AccountancyIf the profit for the previous year was ₹3,60,000 and a partner died 2 months after the beginning of the financial year, what would be the estimated share of profit up to the date of death, assuming profit accrues evenly?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf, according to the partnership deed, profit is estimated on the basis of average profit and the time ratio, and a partner dies 9 months after the beginning of the accounting year, what will be the deceased partner’s estimated share of profit when the average annual profit is ₹2,40,000?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyIf profit is earned uniformly throughout the year, which ratio is used to estimate the deceased partner’s share of profit up to the date of death?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert AccountancyFor calculating a deceased partner’s share of profit, if the profit of the previous year was ₹1,20,000 and profit is assumed to accrue evenly throughout the year, what is the estimated profit attributable to the 3 months preceding death in the current year?Class 12Reconstitution - Retirement or Death of a PartnerDeceased Partner’s ShareExpert