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Class 12 · Accountancy
→Why is a deceased partner’s share of accumulated profits credited to their Capital Account?
Class 12 · Accountancy
→At the time of a partner’s death, the firm’s goodwill is valued at ₹2,40,000. The deceased partner’s share in the profit-sharing ratio was 1/8. What was the deceased partner’s share of goodwill?
Class 12 · Accountancy
→What does the final balance of a deceased partner’s capital account generally represent?
Class 12 · Accountancy
→If the annual profit of the previous year was ₹72,000 and a partner died 2 months into the current year, what would be the estimated profit up to the date of death, assuming profits accrue evenly?
Class 12 · Accountancy
→When can the deceased partner’s share of the Investment Fluctuation Reserve be transferred to their account?
Class 12 · Accountancy
→A, B and C share profits in the ratio 2:2:1. If C is the deceased partner, what fraction of the total profit belongs to C?
Class 12 · Accountancy
→In a partnership firm, is a share of the ordinary future profits earned after a partner’s death included in the deceased partner’s account?
Class 12 · Accountancy
→If the amount due to a deceased partner is not paid immediately and is to be paid later, which account is opened in the firm’s books?
Class 12 · Accountancy
→Which of the following items will be credited to the capital account of a deceased partner?
Class 12 · Accountancy
→Up to the date of a partner’s death, the firm’s profit is ₹1,00,000. If the deceased partner’s share in profit is 20%, what amount of profit will be credited to the deceased partner’s account?
Class 12 · Accountancy
→In which account is the deceased partner’s share of revaluation profit up to the date of death credited?
Class 12 · Accountancy
→Why is payment made to the legal heir of a deceased partner?
Class 12 · Accountancy
→The goodwill of a firm is valued at ₹1,50,000. If the deceased partner's share in goodwill is \(1/5\), what amount is due to that partner's estate?
Class 12 · Accountancy
→A deceased partner’s capital is ₹1,10,000. As what will this amount be included in calculating the final amount due to the deceased partner?
Class 12 · Accountancy
→What effect will the deceased partner’s share of accumulated loss have on the partner’s capital account?
Class 12 · Accountancy
→Which ratio is used to calculate a partner’s share of profit up to the date of death?
Class 12 · Accountancy
→The profit of the previous accounting year was ₹84,000. A partner died 9 months after the beginning of the current accounting year. Based on the previous year’s profit, what is the estimated profit up to the date of death?
Class 12 · Accountancy
→Why is a deceased partner’s share of goodwill credited to their account?
Class 12 · Accountancy
→Why is a deceased partner’s share in the general reserve added while calculating the amount due to the partner?
Class 12 · Accountancy
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