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Class 12 · Accountancy · Hard
→To whom is the amount due to the deceased partner paid?
Class 12 · Accountancy · Expert
→A 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 12 · Accountancy · Expert
→A 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 12 · Accountancy · Expert
→The 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 12 · Accountancy · Expert
→The deceased partner’s estimated annual share of profit, based on the previous year, is ₹9,84,000. If he died 6 months after the beginning of the financial year and profit is assumed to accrue evenly throughout the year, what amount of profit is credited to him up to the date of death?
Class 12 · Accountancy · Expert
→A partner died after 8 months of the financial year. If the estimated annual profit is ₹2,76,000 and profit is earned at a uniform rate throughout the year, what is the estimated profit up to the date of death?
Class 12 · Accountancy · Expert
→If 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 12 · Accountancy · Hard
→On the death of a partner, how is the firm's reserve fund treated in relation to the deceased partner?
Class 12 · Accountancy · Hard
→To whom is the total amount due to a deceased partner paid?
Class 12 · Accountancy · Hard
→A deceased partner’s capital is ₹72,000 and their share in the reserve fund is ₹28,000. If goodwill, profit or loss, and other adjustments are excluded, what will be the deceased partner’s total claim?
Class 12 · Accountancy · Hard
→The amount due to a deceased partner but not paid immediately is generally transferred to which account?
Class 12 · Accountancy · Hard
→The gross claim of a deceased partner is ₹166000. Accumulated loss of ₹6000 and drawings of ₹10000 are to be debited to the partner’s Capital Account. What will be the net claim payable to the deceased partner?
Class 12 · Accountancy · Hard
→If a deceased partner’s capital is ₹97000 and their share of accumulated profits is ₹3000, what will be the total claim based only on these two items?
Class 12 · Accountancy · Hard
→After a partner’s death, if the amount due to the deceased partner is not paid immediately, to which account is it transferred?
Class 12 · Accountancy · Hard
→On the basis of which profit-sharing ratio is the deceased partner’s share of revaluation profit up to the date of death calculated?
Class 12 · Accountancy · Hard
→In 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 12 · Accountancy · Hard
→A deceased partner’s capital is ₹86,000, his share of profit up to the date of death is ₹4,000, and his share of goodwill is ₹10,000. What will be the total amount payable to his account?
Class 12 · Accountancy · Hard
→Why are sales made after the partner’s death not included while estimating the deceased partner’s profit up to the date of death?
Class 12 · Accountancy · Hard
→The deceased partner’s share of goodwill is considered compensation for which right?
Class 12 · Accountancy · Hard
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