Search questions
Use text search or combine filters to find exactly the questions you need.
Class 12 · Accountancy
→If a partner dies after completing 9 months of the accounting year, what fraction of the annual profit will be considered for calculating the partner’s share of profit up to the date of death?
Class 12 · Accountancy
→What is the basis for including the firm's share of goodwill while calculating a deceased partner's due?
Class 12 · Accountancy
→Which of the following items increases the final amount payable to a deceased partner?
Class 12 · Accountancy
→If the reserve is distributed among the partners in their profit-sharing ratio, how much will be transferred to the deceased partner’s account when the reserve is ₹24,000 and his share is 1/4?
Class 12 · Accountancy
→Why is the old profit-sharing ratio used to calculate a deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy
→If the annual profit is ₹2,40,000 and a partner dies 3 months after the beginning of the year, what will be the time-based profit assuming profit accrues evenly?
Class 12 · Accountancy
→In settling the deceased partner’s share, which item represents the partner’s individual economic entitlement in the firm’s goodwill?
Class 12 · Accountancy
→If the partnership deed contains a specific provision for calculating the deceased partner’s share of profit up to the date of death, on what basis will the share be calculated?
Class 12 · Accountancy
→On the date of a partner’s death, the balance in the partner’s capital account is ₹80,000. From which account will this amount be taken while calculating the amount due to the deceased partner?
Class 12 · Accountancy
→At the time of reconstitution, what effect will a revaluation loss have on the deceased partner’s capital or current account?
Class 12 · Accountancy
→When is the deceased partner’s share of the Investment Fluctuation Reserve transferred to their capital account?
Class 12 · Accountancy
→Which ratio is used to determine a deceased partner’s share of profit up to the date of death?
Class 12 · Accountancy
→If the amount due to a deceased partner is not paid immediately, to which account is it transferred?
Class 12 · Accountancy
→If the firm's profit is ₹72,000 and the deceased partner's share of profit is \(1/4\), what will be the deceased partner's share of profit?
Class 12 · Accountancy
→While calculating the amount due to a deceased partner, which of the following items is generally not added?
Class 12 · Accountancy
→When is estimated profit used to calculate a deceased partner’s share of profit?
Class 12 · Accountancy
→On what basis is payment made to the legal heir of a deceased partner in a partnership firm?
Class 12 · Accountancy
→Why is the time period important when calculating a deceased partner’s share of profit?
Class 12 · Accountancy
→If the firm's goodwill is ₹90,000 and the deceased partner's share in the profit-sharing ratio is 1/3, what is the deceased partner's share of goodwill?
Class 12 · Accountancy
→