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Class 12 · Accountancy · Medium
→When a partner dies, who generally claims the amount due in respect of the deceased partner’s capital account, current account and share of profit?
Class 12 · Accountancy · Medium
→Up to the date of death, the firm’s profit is ₹1,50,000 and the deceased partner’s share in the profit is 10%. What will be the deceased partner’s share of profit?
Class 12 · Accountancy · Medium
→Which of the following is an intangible asset whose value may be adjusted while calculating the deceased partner’s share?
Class 12 · Accountancy · Medium
→A deceased partner’s capital is ₹90,000 and his share of the reserve is ₹12,000. Based on these two items, what amount will be added to the deceased partner’s account?
Class 12 · Accountancy · Medium
→When can the deceased partner’s share of the Investment Fluctuation Reserve be distributed?
Class 12 · Accountancy · Medium
→Assuming that profit is earned uniformly throughout the year, what is the estimated profit up to the date of the partner’s death after 8 months, based on the previous year’s profit of ₹1,08,000?
Class 12 · Accountancy · Medium
→Why are profits earned up to the date of a partner’s death included when calculating the deceased partner’s share?
Class 12 · Accountancy · Medium
→A firm has a reserve of ₹60,000. If the deceased partner’s share in the profit-sharing ratio is \(1/3\), what amount of the reserve will be credited to that partner’s account?
Class 12 · Accountancy · Medium
→What does the closing balance of the deceased partner’s account represent after the partner’s death?
Class 12 · Accountancy · Medium
→If the firm's profit up to the date of death is ₹80,000 and the deceased partner's profit-sharing ratio is 1/4, what will be his share of profit?
Class 12 · Accountancy · Medium
→Why is revaluation profit included in the deceased partner’s share?
Class 12 · Accountancy · Medium
→A and B share profits in the ratio 4:1. If A dies, what will be A’s share in the profit earned up to the date of death?
Class 12 · Accountancy · Medium
→Why is a deceased partner not entitled to profits earned by the firm in the future?
Class 12 · Accountancy · Medium
→Which account is opened if payment of the deceased partner's dues is deferred?
Class 12 · Accountancy · Medium
→A firm's goodwill is valued at ₹2,10,000. If the deceased partner's share in goodwill is \(1/7\), what is the amount of his share?
Class 12 · Accountancy · Medium
→On the death of a partner, which of the following items is deducted while determining the amount due to the deceased partner?
Class 12 · Accountancy · Medium
→When a partner dies, in which ratio is the deceased partner’s share of the general reserve determined?
Class 12 · Accountancy · Medium
→Assuming that profit is earned evenly throughout the year, if last year's profit was ₹1,44,000, what is the estimated profit up to the death of the partner after 3 months?
Class 12 · Accountancy · Medium
→Why is a deceased partner’s share of the firm’s goodwill included in the final settlement?
Class 12 · Accountancy · Medium
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