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Class 12 · Accountancy · Medium
→Why is revaluation loss deducted from the deceased partner’s share while calculating the amount due to him or her?
Class 12 · Accountancy · Medium
→A partnership firm’s goodwill is valued at ₹1,44,000. If the deceased partner’s share in goodwill is 1/12, what amount is due for his or her share?
Class 12 · Accountancy · Medium
→The firm's profit up to the date of a partner's death is ₹1,26,000, and the deceased partner's profit-sharing ratio is 2/7. What will be the deceased partner's share of profit?
Class 12 · Accountancy · Medium
→When the amount due to a deceased partner’s executor is paid immediately, which of the following accounts is not required?
Class 12 · Accountancy · Medium
→A partnership firm has a reserve of ₹54,000. If the deceased partner’s share in the profit-sharing ratio is \(\frac{1}{9}\), what amount of the reserve will be transferred to the deceased partner’s account?
Class 12 · Accountancy · Medium
→What is the effect of the deceased partner’s share of goodwill in the final settlement?
Class 12 · Accountancy · Medium
→If the profit of the previous year was ₹1,92,000 and a partner died 5 months after the beginning of the financial year, what is the estimated profit up to the date of death on a time basis?
Class 12 · Accountancy · Medium
→Why is the deceased partner’s share of profit earned after the date of death not credited to the deceased partner’s capital account?
Class 12 · Accountancy · Medium
→In the account of a retired or deceased partner, the capital is ₹75,000 and the partner’s share of goodwill is ₹15,000. What is the total of these two items?
Class 12 · Accountancy · Medium
→What is the accounting effect of accumulated profits on the deceased partner’s capital account?
Class 12 · Accountancy · Medium
→On the death of a partner, which of the following items is generally credited to the deceased partner’s capital account while determining the amount payable to the executor?
Class 12 · Accountancy · Medium
→Which basis is identified first to calculate a deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy · Medium
→Why is it necessary to correctly determine the amount payable by the firm to the legal representatives of a deceased partner?
Class 12 · Accountancy · Medium
→If a deceased partner’s share in profit is /6 of the total profit and the total profit is ₹66,000, what will be the partner’s share of profit?
Class 12 · Accountancy · Medium
→Why are expenses incurred after the partner’s death not included in calculating the deceased partner’s share of profit?
Class 12 · Accountancy · Medium
→A firm has a reserve of ₹45,000. If the deceased partner’s share in the profit-sharing ratio is 2/9, what amount of the reserve will be credited to the deceased partner’s account?
Class 12 · Accountancy · Medium
→Why is the time ratio useful for calculating a deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy · Medium
→If the goodwill of a firm is ₹1,80,000 and the deceased partner’s share in goodwill is 1/9, what is the value of his share?
Class 12 · Accountancy · Medium
→What effect will the deceased partner’s share of revaluation loss have on the balance of the capital account?
Class 12 · Accountancy · Medium
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