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Class 12 · Accountancy · Medium
→Which of the following items is generally debited to the deceased partner’s capital account?
Class 12 · Accountancy · Medium
→When a partner dies, how is the deceased partner’s share of undistributed profits treated?
Class 12 · Accountancy · Medium
→If the previous year’s profit was ₹1,20,000 and the partner died 6 months into the current year, what will be the estimated profit up to the date of death?
Class 12 · Accountancy · Medium
→A and B share profits in the ratio 3:2. What was A’s share in the firm’s profits before his death?
Class 12 · Accountancy · Medium
→If the amount due to a deceased partner is not paid immediately, why is a loan account opened in the partner’s name?
Class 12 · Accountancy · Medium
→When a partner dies, how is the deceased partner’s share of the revaluation profit recorded?
Class 12 · Accountancy · Medium
→If a partner dies in the middle of an accounting year, on what basis is the deceased partner’s estimated share of profit up to the date of death generally calculated?
Class 12 · Accountancy · Medium
→What does the balance of a deceased partner's capital account generally represent?
Class 12 · Accountancy · Medium
→Why is the deceased partner’s share of the firm’s goodwill credited to his Capital Account?
Class 12 · Accountancy · Medium
→How is the deceased partner’s share of the general reserve accounted for?
Class 12 · Accountancy · Medium
→How are accumulated profits treated for a deceased partner?
Class 12 · Accountancy · Medium
→If deed is silent then profit of deceased partner is usually estimated on which basis?
Class 12 · Accountancy · Medium
→For the period from the beginning of the accounting year, up to which date is the deceased partner’s share of profit credited to the partner’s account?
Class 12 · Accountancy · Medium
→What is the main purpose of calculating the deceased partner's share?
Class 12 · Accountancy · Easy
→If the total of all items due to the deceased partner, such as capital, goodwill, reserves and profit, is ₹2,00,000, what total amount will be payable to the deceased partner?
Class 12 · Accountancy · Easy
→What is the main objective of calculating a deceased partner’s share?
Class 12 · Accountancy · Easy
→A total of ₹1,40,000 is payable to the retiring/deceased partner. If the firm has paid ₹40,000 so far, what amount remains payable?
Class 12 · Accountancy · Easy
→Why are profits earned after the date of death generally not included in a deceased partner’s share?
Class 12 · Accountancy · Easy
→If the total amount related to the deceased partner is ₹75,000 and a profit share of ₹5,000 is added to it, what will be the new total amount?
Class 12 · Accountancy · Easy
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