1.
On death of a partner, the deceased Partner’s capital account will be credited with:
1 out of 10
2.
On the death of a partner, his share in the profits of the firm till the date of his death is transferred to the :
2 out of 10
3.
Question Which account is opened to transfer deceased partner’s share of profit to his capital account
3 out of 10
4.
According to the Partnership Act, 1932, the interest payable to the deceased partner on the amount left by him will be :
4 out of 10
5.
On death of a partner, the remaining Partner(s) who have gained due to change in profit sharing ratio should compensate the :
5 out of 10
6.
On death of a partner, his excutor is paid the profits of the deceased partner for the relevant period. This payment is recorded in Profit & Loss A/c :
6 out of 10
7.
……………is opened to credit the share of profit of the deceased partner, till the time of his death to his Capital Account.
7 out of 10
8.
In the absence of any agreement, the rate of interest payable on the amount remaining unpaid to the executor of deceased partner is
8 out of 10
9.
A, B and C are partne₹ C expired on 18th December 2019 and as per agreement surviving partners A and B directed the accountant to prepare financial statements as on 18th December 2019 and accordingly the share of profits of C (deceased partner) was calculated as ₹12,00,000. Which account will be debited to transfer C’s share of profits:
9 out of 10
10.
Shiv, Mohan and Hari were partners sharing profits in the ratio of 2:1 1. Mohan died on 31st March, 2020. Profit earned by the firm for the year ended 31st March, 2020 was ₹ 1,44,000. Amount of profit to be credited to Mohan's Capital Account will be:
10 out of 10
