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Class 12 · Accountancy
→A 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 12 · Accountancy
→Under the fluctuating capital method, to which account is the deceased partner’s share of profit up to the date of death generally credited?
Class 12 · Accountancy
→If a firm’s estimated annual profit is ₹9,00,000 and a partner dies after completing 8 months of the accounting year, what amount of estimated profit should be considered up to the date of death?
Class 12 · Accountancy
→What is the primary purpose of calculating a deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy
→The 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 12 · Accountancy
→On the date of a partner’s death, his capital is ₹77,000, his share in the reserve fund is ₹13,000, and his share of profit earned up to the date of death is ₹10,000. Assuming there are no other adjustments, what amount is payable to the deceased partner’s executor?
Class 12 · Accountancy
→Why is the deceased partner not entitled to a share of profits earned after the date of death?
Class 12 · Accountancy
→The total claim in a deceased partner’s account is ₹168000. If a loss share of ₹18000 is to be adjusted against it, what will be the net claim?
Class 12 · Accountancy
→A deceased partner’s Capital Account has a balance of ₹98,000. His drawings are ₹8,000 and his share of the firm’s goodwill is valued at ₹10,000. Assuming no other adjustments, what will be the net claim payable to the deceased partner’s executor?
Class 12 · Accountancy
→A deceased partner’s total claim is ₹1,26,000. If accumulated loss of ₹6,000 is to be adjusted against the claim, what will be the revised claim?
Class 12 · Accountancy
→On the death of a partner, ₹81,000 is due as capital, ₹9,000 as the partner’s share of goodwill, and ₹10,000 as the share of profit up to the date of death. What will be the deceased partner’s total claim?
Class 12 · Accountancy
→On the death of a partner, in what form is the deceased partner’s share of the reserve fund included in the claim payable to him?
Class 12 · Accountancy
→The total claim payable to a deceased partner is ₹1,35,000. If ₹35,000 has already been paid, what amount remains payable?
Class 12 · Accountancy
→On the death of a partner, his capital is ₹60,000 and accumulated profits credited to his account amount to ₹14,000. Based on these two items, what will be the deceased partner’s total claim?
Class 12 · Accountancy
→To whom is the amount due to a deceased partner ultimately paid?
Class 12 · Accountancy
→If the deceased partner’s total claim is ₹1,54,000 and a revaluation loss of ₹4,000 is to be deducted from it, what will be the net claim?
Class 12 · Accountancy
→A deceased partner’s capital balance is ₹105000 and their share of goodwill is ₹15000, while drawings amount to ₹5000. Assuming there are no other adjustments, what will be the deceased partner’s net claim?
Class 12 · Accountancy
→While determining the amount payable through a deceased partner’s capital account, which of the following items is generally deducted?
Class 12 · Accountancy
→In the deceased partner’s claim, if the capital is ₹70,000 and the partner’s share of the reserve fund is ₹12,000, what will be the total claim based on these two items?
Class 12 · Accountancy
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