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Class 12 · Accountancy

To whom is the deceased partner’s share of profit earned up to the date of death paid?

Class 12 · Accountancy

Which of the following items is included while calculating the amount due to a deceased partner?

Class 12 · Accountancy

To whom is the deceased partner's share usually paid?

Class 12 · Accountancy

What is meant by deceased partner's share?

Class 12 · Accountancy

Why is the remaining amount due to a deceased partner transferred to a loan account after paying part of it immediately?

Class 12 · Accountancy

A retiring partner’s loan account has a balance of ₹3,20,000. If 10% interest for one year is added to this balance, what will be the new balance of the loan account?

Class 12 · Accountancy

What will be the interest for one year on ₹2,64,000 in a partner’s loan account at the rate of 6% per annum?

Class 12 · Accountancy

At the time of reconstitution, why is a partner’s loan account kept separate from the capital account?

Class 12 · Accountancy

What will be the interest for one year on ₹1,52,000 in a partner’s loan account at an annual rate of 7.5%?

Class 12 · Accountancy

The outstanding balance in a retired partner’s loan account is increasing over time. What is the most likely reason?

Class 12 · Accountancy

What will be the one-year interest on a partner’s loan account balance of ₹1,24,000 at an annual rate of 14%?

Class 12 · Accountancy

When does the liability recorded in the loan account of a retiring or deceased partner cease?

Class 12 · Accountancy

If annual interest at 12.5% is payable on ₹88,000 in a partner’s loan account, what will be the amount of interest?

Class 12 · Accountancy

The balance in a retiring or deceased partner’s loan account is ₹2,75,000. If ₹75,000 is paid to the partner, what amount will remain in the loan account?

Class 12 · Accountancy

What will be the annual interest on a partner’s loan of ₹1,92,000 at 11.5%?

Class 12 · Accountancy

When a partner’s loan account is paid in cash, which sides of the balance sheet are affected?

Class 12 · Accountancy

What will be the interest for one year on the retired partner’s loan account balance of ₹208000 at 5.25% per annum?

Class 12 · Accountancy

When the interest already payable on a partner’s loan account is paid, which account is debited?

Class 12 · Accountancy

After reconstitution, what will be the one-year interest on a partner’s loan account balance of ₹1,68,000 at an annual rate of 6.75%?

Class 12 · Accountancy

Which of the following can directly increase the balance of a retiring partner’s loan account?