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Class 12 · Accountancy
→Under the time-basis method, which factor is directly used to calculate the deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy
→If the estimated annual profit attributable to the deceased partner is ₹4,20,000 and he dies after 9 months of the financial year, what will be his share of profit up to the date of death?
Class 12 · Accountancy
→What is the main objective of estimating a deceased partner’s share of profit?
Class 12 · Accountancy
→A 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 12 · Accountancy
→What is the effect of adding the deceased partner’s share of profit earned up to the date of death to his account?
Class 12 · Accountancy
→A firm’s average annual profit is ₹9,60,000. A partner having a 1/4 profit-sharing ratio dies after 3 months of the year. Under the average profit method, what will be the deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy
→In calculating the deceased partner’s share of profit, what period is meant by “up to the date”?
Class 12 · Accountancy
→The 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 12 · Accountancy
→Why are the average profits of previous years used to calculate a deceased partner’s share of profit?
Class 12 · Accountancy
→Assuming 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 12 · Accountancy
→While calculating the deceased partner’s share of profit, which period’s profit is generally not included?
Class 12 · Accountancy
→If the deceased partner’s estimated profit share for the full year is ₹2,64,000 and the partner dies 11 months after the beginning of the financial year, what will be the profit share up to the date of death? Assume that profit accrues evenly throughout the year.
Class 12 · Accountancy
→In a partnership maintaining fluctuating capital accounts, to which account is the deceased partner’s share of profit up to the date of death credited before the final payment?
Class 12 · Accountancy
→The firm’s average annual profit is ₹3,00,000. If a partner dies after 10 months of the accounting year, what will be the estimated profit of the firm up to the date of death?
Class 12 · Accountancy
→Accounting for the deceased partner’s share of profit earned up to the date of death mainly applies which principle?
Class 12 · Accountancy
→If the previous year's annual profit was ₹7,20,000 and profit accrues evenly throughout the year, what will be the estimated profit up to the date of a partner's death after 7 months?
Class 12 · Accountancy
→Which 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 12 · Accountancy
→If the firm’s estimated annual profit is ₹6,00,000 and a partner dies 4 months into the financial year, what will be the firm’s estimated profit up to the date of death? Assume that profit is earned uniformly throughout the year.
Class 12 · Accountancy
→What is the effect of crediting the deceased partner’s share of profit earned up to the date of death to the partner’s capital account?
Class 12 · Accountancy
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