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Class 12 · Accountancy

How is the deceased partner’s share of revaluation loss recorded in the partner’s Capital Account?

Class 12 · Accountancy

The deceased partner’s total share amounts to ₹60000, and accumulated loss of ₹5000 is to be debited to the partner’s account. What will be the net amount payable to the deceased partner?

Class 12 · Accountancy

Why is the deceased partner’s share of profit earned up to the date of death credited to the deceased partner’s account?

Class 12 · Accountancy

A deceased partner’s Capital Account shows ₹90,000, and the goodwill attributable to his share is ₹10,000. What is the total amount payable to the deceased partner from these two items?

Class 12 · Accountancy

If the amount due to a deceased partner is not paid immediately, in which account is it recorded?

Class 12 · Accountancy

A deceased partner’s share of goodwill is valued at ₹12,000 and the balance of the partner’s capital account is ₹88,000. What total amount is payable to the partner’s account?

Class 12 · Accountancy

After reconstitution, under which category does the amount payable to a deceased partner’s account fall for the firm?

Class 12 · Accountancy

The total amount payable to a deceased partner is ₹110000. If ₹10000 has already been paid to the partner’s account, how much amount is still payable?

Class 12 · Accountancy

What is the primary purpose of including the value of goodwill in a deceased partner’s share?

Class 12 · Accountancy

If a deceased partner’s capital is ₹70,000 and their share of profit is ₹3,000, what total amount will be credited to their account?

Class 12 · Accountancy

If the total amount due to a deceased partner is ₹1,00,000 and the partner’s drawings are ₹10,000, what will be the net amount payable, assuming there are no other adjustments?

Class 12 · Accountancy

To whom is the amount due for a deceased partner’s share in a partnership firm paid?

Class 12 · Accountancy

A deceased partner’s capital is ₹80,000 and their share of the reserve fund is ₹5,000. What amount is payable for these two items together?

Class 12 · Accountancy

Until it is paid, what is the deceased partner’s amount due to the firm considered as?

Class 12 · Accountancy

What is done with the deceased partner’s share of the revaluation profit earned up to the date of death?

Class 12 · Accountancy

A total of ₹90,000 is payable to the deceased partner. If ₹20,000 has already been paid, how much remains payable now?

Class 12 · Accountancy

On the death of a partner, how is the partner’s share of accumulated profits accounted for?

Class 12 · Accountancy

A deceased partner’s capital is ₹60,000 and their share of goodwill is ₹10,000. Assuming there are no other adjustments, what total amount is payable to the deceased partner?

Class 12 · Accountancy

To which account can the unpaid amount of a deceased partner be transferred?

Class 12 · Accountancy

When a partner dies, how is the deceased partner’s share in the reserve fund generally recorded in the deceased partner’s capital account?