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Class 12 · Accountancy
→For what period is a deceased partner’s share of the profit for the year of death calculated?
Class 12 · Accountancy
→If profit is earned uniformly throughout the accounting year and the annual profit is ₹2,16,000, what will be the time-based profit when death occurs 10 months after the beginning of the accounting year?
Class 12 · Accountancy
→Which of the following items is not included in the amount due to a deceased partner?
Class 12 · Accountancy
→What does proper accounting of a deceased partner’s share primarily ensure?
Class 12 · Accountancy
→The profit earned up to a partner’s date of death is ₹48,000, and the deceased partner’s profit-sharing ratio is 3/8. What amount is due as the deceased partner’s share of profit?
Class 12 · Accountancy
→Why are sales made after the date of death not included in the deceased partner’s share of profit?
Class 12 · Accountancy
→A deceased partner has capital of ₹70,000 and an additional profit share of ₹10,000 due to them. What total amount is payable to the partner’s estate?
Class 12 · Accountancy
→On a partner’s death, how is the deceased partner’s share of accumulated profits recorded in the partner’s capital account?
Class 12 · Accountancy
→If the goodwill of the firm is ₹90,000 and the deceased partner's share in the profit-sharing ratio is \(\frac{2}{9}\), what will be the deceased partner's share of goodwill?
Class 12 · Accountancy
→Why is a deceased partner given a share of the revaluation profit?
Class 12 · Accountancy
→If a partner dies 5 months after the beginning of the accounting year, what time ratio should be used to calculate the profit up to the date of death?
Class 12 · Accountancy
→What role does the deceased partner’s capital account play in calculating the amount payable to him or her?
Class 12 · Accountancy
→The firm’s profit up to the date of a partner’s death is ₹54,000, and the deceased partner’s profit-sharing ratio is 1/6. What will be the deceased partner’s share of profit?
Class 12 · Accountancy
→When is the deceased partner’s share of profit up to the date of death estimated if the death occurs during the accounting year?
Class 12 · Accountancy
→If the amount due to a deceased partner is paid immediately, which of the following accounts does not need to be opened?
Class 12 · Accountancy
→A partnership firm has a reserve of ₹80,000. If the deceased partner’s share in the profit-sharing ratio is 25%, what amount will be credited to the deceased partner’s account as his share of the reserve?
Class 12 · Accountancy
→While adjusting the deceased partner’s Capital Account, which of the following items is treated as an intangible asset?
Class 12 · Accountancy
→What is the primary objective of calculating a deceased partner’s share?
Class 12 · Accountancy
→If a partner dies 4 months after the beginning of the financial year and the annual profit is ₹3,00,000, what will be the time-based profit up to the date of death, assuming that profit accrues evenly throughout the year?
Class 12 · Accountancy
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