Executor account class 12
WebMar 6, 2024 · (a) by debiting Chaman’s Capital Account and Suman’s Capital Account with Rs. 15,000 each. (b) by debiting Chaman’s Capital Account’and Suman’s Capital Account with Rs. 21,429 and Rs. 8,571 respectively. (c) by debiting only Suman’s Capital Account with Rs. 30,000. (d) by debiting Raman’s Capital Account with Rs. 304)00. Answer: WebThe books of accounts are maintained in the same way as in case of retirement of partner. All the adjustments are being made in the capital account of the deceased partner and then the balance of the capital …
Executor account class 12
Did you know?
WebClass 12 Solutions Part A – Volume 1. Chapter 1: Financial Statements of Non-profit Organisation. Chapter 2: Fundamentals of partnership Firms. Chapter 3: Change in Profit sharing ratio of Partners. Chapter 4: Admission of a Partner. Chapter 5: Retirement or Death of a Partner. Chapter 6: Dissolution of Partnership. WebNov 27, 2024 · The executors of deceased partner will be paid interest on the amount due from the date of death of the partner at: (a) 5% p.a. (b) 6% p.a. (c) 7% p.a. (d) 8% p.a. Answer Question 10. In the event of death of a partner, the accumulated profits and losses are shared by the partners in their: (a) Old Profit-sharing Ratio (b) New Profit-sharing Ratio
WebCBSE Class 12 Accountancy Important Questions Chapter 5 Retirement or Death of a partner 1: A, B and C are partners sharing profit and loss in the ratio of then on retirement of the gaining ratio/new, ratio will be Solution: On A’s Retirement 2: 1 On B’s Retirement 3: 1 On C’ s retirement 3:1 WebCBSE > Class 12 > Accountancy 2 answers Nikhil Singh 5 years, 6 months ago Executors accounts are prepared instead of loan account because the loan account represents the retiring partner and in case of death if the partner is dead then it is not possible to have an account to represent him.
WebJan 17, 2024 · Class 12 Accountancy The new profit-sharing ratio of Ajit, Sujit, and Rohit will be: (a) 17:7:6 (b) 8:4:3 (c) 2:1:2 (d) 5:3:2 2. Assertion (A): Rent payable to a partner is debited to Profit & Loss Account and not debited to Profit and Loss Appropriation Account. WebAug 14, 2024 · Answer. Question. On the death of a partner, the amount of joint life policy should be credited to the capital accounts of: (a) All the partners including the deceased partner in their profit sharing ratio. (b) The remaining partners in the new profit sharing ratio. (c) Only the deceased partner’s capital account.
WebSep 29, 2024 · NCERT Solutions CBSE Sample Papers Accountancy Class 12 Accountancy DO IT YOURSELF Question 1. Anita, Jaya and Nisha are partners sharing profits and losses in the ratio of 1:1:1 Jaya retires from the firm. Anita and Nisha decided to share the profit in future in the ratio 4 :3. Calculate the gaining ratio. Question 2. dna test to determine heritageWebNov 24, 2024 · CBSE Class 12 Syllabus: 2024-21 (All Subjects) - Download PDF Deleted Topics from CBSE 12th Accountancy Syllabus 2024-21: Part A: Accounting for Not-for-Profit Organizations, Partnership... dna test to find my dadWebDec 21, 2024 · Partners loan account Executor account Class 12 Accounts 18,321 views Premiered Dec 21, 2024 Accounts Adda 533K subscribers create a horse ocWebCBSE Class 12 Accountancy Syllabus and Marks Distribution 2024-23 Accountancy (Code No. 055) Class-XII (2024-23) Theory: 80 Marks … dna test that shows native americanWebAug 23, 2024 · Partners loan account Executor account Class 12 Accounts Sanjeev GiriPartners loan account Executor account Class 12 Accounts Sanjeev Giri#... dna test to determine ancestryWebJan 10, 2024 · Make a Runnable implementer and call the run () method. Create a Thread instance and pass the implementer to it. Thread has a function Object () { [native code] } that accepts Runnable instances. Call start () on the Thread instance; start calls the implementer’s run () internally. dna test to determine family relationshipWebCBSE > Class 12 > Accountancy 1 answers Yogita Ingle 3 years ago Executors accounts are prepared instead of loan account because the loan account represents the retiring partner and in case of death if the partner is dead then it is not possible to have an account to represent him. dna test thing