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Class 12 · Accountancy
→When a partner dies, which item is generally added to the partner’s capital account up to the date of death?
Class 12 · Accountancy
→Why is the date of death important when calculating a deceased partner’s share?
Class 12 · Accountancy
→What does the legal representative of a deceased partner have a claim on from the firm?
Class 12 · Accountancy
→On the death of a partner, the total of all amounts due to the deceased partner after adjustments for capital, reserves, goodwill and profit is ₹1,50,000. What amount will be payable to the deceased partner?
Class 12 · Accountancy
→What is the main purpose of calculating a partner’s share when the partner dies in a partnership firm?
Class 12 · Accountancy
→A total of ₹1,30,000 is payable to a deceased partner. If the firm has already paid ₹30,000, what balance remains payable to the partner’s account?
Class 12 · Accountancy
→Why is the deceased partner’s share of revaluation profit added to their account?
Class 12 · Accountancy
→A deceased partner’s capital is ₹100000 and their share of goodwill is ₹20000. Based on these two items, what total amount will be credited to the partner’s account?
Class 12 · Accountancy
→A deceased partner’s account shows a total share of ₹85,000 and a share of loss of ₹5,000. What will be the net amount in the account after adjustment?
Class 12 · Accountancy
→When the amount due to a deceased partner is paid from the firm's cash, what is the effect on the cash balance?
Class 12 · Accountancy
→A deceased partner’s capital is ₹30,000 and their share of the reserve fund is ₹4,000. What is the total of these two items?
Class 12 · Accountancy
→On the death of a partner, why is the partner’s share of accumulated profits up to the date of death added to the partner’s Capital Account?
Class 12 · Accountancy
→The total share payable to a retiring or deceased partner is ₹120000, and the partner’s drawings are ₹20000. What will be the net amount payable after deducting the drawings?
Class 12 · Accountancy
→In partnership accounting, the deceased partner’s share is determined and settled because of which event?
Class 12 · Accountancy
→A deceased partner's account shows capital of ₹65,000 and a share of goodwill of ₹5,000. What total amount is payable to the partner under these two items?
Class 12 · Accountancy
→In which account is the deceased partner’s share of undistributed profit up to the date of death credited?
Class 12 · Accountancy
→The total amount payable to a deceased partner is ₹95,000. If ₹15,000 has already been paid, what amount remains payable?
Class 12 · Accountancy
→A deceased partner’s capital balance is ₹50,000 and their share of profit is ₹2,000. Based on the information given, what total amount is payable to the partner?
Class 12 · Accountancy
→What is the main objective of calculating a deceased partner’s share in a partnership firm?
Class 12 · Accountancy
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