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Class 12 · Accountancy
→If a deceased partner’s capital is ₹90,000 and drawings are ₹10,000, what will be the net capital amount after deducting drawings?
Class 12 · Accountancy
→On what basis is the amount payable to the deceased partner’s legal representative determined?
Class 12 · Accountancy
→If the deceased partner has a share in accumulated losses, what effect will it have on the amount payable to the deceased partner?
Class 12 · Accountancy
→The total amount due to a deceased partner is ₹50,000, and the partner's drawings are ₹5,000. What will be the net amount due after deducting the drawings?
Class 12 · Accountancy
→What is the main purpose of calculating a deceased partner’s share fairly?
Class 12 · Accountancy
→Which account may be used to record the deceased partner's amount due?
Class 12 · Accountancy
→On the death of a partner, ₹85,000 is standing to his capital account and ₹15,000 is due as his share of goodwill. Assuming there are no other adjustments, what total amount is payable to the deceased partner?
Class 12 · Accountancy
→When the firm pays the deceased partner’s share out of its cash, what happens to the cash balance?
Class 12 · Accountancy
→While determining the amount due to a deceased partner, which of the following items is deducted?
Class 12 · Accountancy
→The amount of ₹1,20,000 payable as the deceased partner’s share is treated as whose liability?
Class 12 · Accountancy
→While beginning the calculation of the amount due to a deceased partner, which item is generally taken as the initial basis?
Class 12 · Accountancy
→While determining the amount due to a deceased partner, what is the effect of the partner’s share of revaluation loss?
Class 12 · Accountancy
→For the firm, the amount due to a deceased partner is what type of amount?
Class 12 · Accountancy
→If a deceased partner’s capital is ₹60,000 and their share of profit up to the date of death is ₹4,000, with no other adjustments, what total amount will be due to the partner’s account?
Class 12 · Accountancy
→What is the main purpose of including goodwill in a deceased partner’s share?
Class 12 · Accountancy
→Which account is used to record the deceased partner’s capital balance and related adjustments while determining the amount due to him or her?
Class 12 · Accountancy
→A total of ₹90,000 is payable to a retiring or deceased partner. If ₹30,000 has already been paid, how much amount is still payable to the partner?
Class 12 · Accountancy
→To whom is the final amount due to a deceased partner paid?
Class 12 · Accountancy
→While determining a partner’s share of profit or loss up to the date of death, if the deceased partner’s share is a loss, what effect will it have on the amount due to the deceased partner?
Class 12 · Accountancy
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