Riya, Tiya, Priya were partners in a firm sharing profit in ratio of 4: 3: 2. The profit of the firm for the year ending March 31, 2020 was ₹3,60,000. Tiya died on June 30, 2020. Which account will be debited and by how much on account of share of profit upto the date of death?

The Deceased Partner's Capital Account includes the following amount/balances:
(A) Opening balance of his capital
(B) His share of profit/loss till the date of death
(C) His share of General Reserve
(D) His drawings till the date of death
(E) Amount paid to his executors
Choose the correct answer from the options given below:

A, B and C are partners sharing profits in the ratio of 3:2:1. C died on 1^st July, 2023. On this date, final accounts were prepared to ascertain profits for the period. It resulted in a profit of ₹1,75,000 to the firm. To give effect to the above:

Riya, Tiya, Priya were partners in a firm sharing profit in ratio of 4: 3: 2. The profit of the firm for the year ending March 31, 2020 was ₹3,60,000. Tiya died on June 30, 2020. Which account will be debited and by how much on account of share of profit upto the date of death?

C, R and S are partners sharing profits in the ratio of 5: 3: 2. R retires, the new profit-sharing ratio between C and S will be 1:1. The Goodwill of the firm is valued at ₹1,00,000. R’s share of Goodwill be adjusted:

At the time of retirement of a partner, the retiring partner’s Capital account will be credited with:

A : B : C are partners sharing profits and losses in this ratio 3 : 2 : 1. On 1th November C died. His capital balances after all adjustments was ₹60,000. A and B decided to transfer this amount to his Executor A/c. What will be this journal entry?

Kumar, Lakshya, Manoj and Naresh are partners sharing profits in the ratio of 3: 2: 1: 4. Kumar retires and his share is acquired by Lakshya and Manoj in the ratio of 3 : 2. Calculate new profit-sharing ratio of remaining partners.

Identity the ratio in which the remaining partners will share future profits after the retirement or death of any partner?

Identify the basis on which share of Profit or Loss of deceased partner is calculated from the date of last balance sheet to the date of death of that partner.

The Deceased Partner's Capital Account includes the following amount/balances:
(A) Opening balance of his capital
(B) His share of profit/loss till the date of death
(C) His share of General Reserve
(D) His drawings till the date of death
(E) Amount paid to his executors
Choose the correct answer from the options given below: