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Class 12 · Accountancy · Easy
→In the reconstitution of a partnership, to which account is the deceased partner’s share of the reserve fund credited?
Class 12 · Accountancy · Easy
→To whom is the deceased partner’s share of profit earned up to the date of death payable?
Class 12 · Accountancy · Easy
→How is the deceased partner’s share of goodwill accounted for?
Class 12 · Accountancy · Easy
→While determining the amount due to a deceased partner, in which amount is the balance of the partner’s Capital Account included?
Class 12 · Accountancy · Easy
→Why is the amount due to a deceased partner paid to the legal representative?
Class 12 · Accountancy · Easy
→The total amount payable to a deceased partner is ₹125000. If ₹25000 has already been paid, how much amount is still payable?
Class 12 · Accountancy · Easy
→If the amount due to a deceased partner is not paid immediately, what is its nature for the firm?
Class 12 · Accountancy · Easy
→A deceased partner has ₹75,000 in the Capital Account and ₹15,000 as his share of goodwill. What total amount is payable to him?
Class 12 · Accountancy · Easy
→Which of the following items is credited to the deceased partner’s account and increases the amount of his or her claim?
Class 12 · Accountancy · Easy
→If the total amount due to a deceased partner is ₹95,000 and a revaluation loss of ₹5,000 is to be deducted, what will be the net amount due?
Class 12 · Accountancy · Easy
→Why may interest on a deceased partner’s capital up to the date of death be credited to the partner’s account?
Class 12 · Accountancy · Easy
→If a deceased partner’s capital is ₹55,000 and their share of accumulated profits is ₹5,000, what is the total amount due to the partner’s estate?
Class 12 · Accountancy · Medium
→Why is accuracy necessary when calculating a deceased partner’s share?
Class 12 · Accountancy · Medium
→To calculate the deceased partner’s share of profit payable up to the date of death, which ratio should be identified first?
Class 12 · Accountancy · Medium
→In a partnership firm, goodwill is valued at ₹72,000. If the deceased partner’s share in the profit-sharing ratio is 1/4, what amount represents the deceased partner’s share of goodwill?
Class 12 · Accountancy · Medium
→What is the primary role of a deceased partner’s legal heir in the final settlement?
Class 12 · Accountancy · Medium
→A deceased partner’s share in profit is \(1/9\). If the firm’s profit is ₹90,000, what will be the deceased partner’s share of profit?
Class 12 · Accountancy · Medium
→Why is the time ratio useful for estimating a deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy · Medium
→When a partner dies, what is the effect of crediting his share of goodwill to his capital account?
Class 12 · Accountancy · Medium
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