Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans State, giving reason, whether the Current Ratio will improve or decline or will have no effect in each of the following transactions if Current Ratio is 2 : 1. 57 viewsAnurag Pathak Changed status to publish 16 hours agoAccounting Ratios 0 Votes 1 Ans Calculate Current Ratio from the following information Equity Share Capital 8,00,000 Inventories 1,00,000 56 viewsAnurag Pathak Answered question 16 hours agoAccounting Ratios 0 Votes 0 Ans Soham, Ashish, Vidhesh and Rashi were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. with effect from 1st April, 2023, they decided to share profits and losses in the ratio of 2 : 1 : 1 : 1 54 viewsAnurag Pathak Changed status to publish 1 day agoChange in Profit Sharing Ratio 0 Votes 1 Ans Anu, Manu, Sonu and Rohan were partners in a firm sharing profits and losses in the ratio of 1 : 2 : 1 : 2. with effect from 1st April, 2023, they decided to share profits and losses in the ratio of 2 : 4 : 1 : 3 63 viewsAnurag Pathak Answered question 1 day agoChange in Profit Sharing Ratio 0 Votes 1 Ans X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, firm’s goodwill is valued at ₹ 30,000 61 viewsAnurag Pathak Answered question 1 day agoGoodwill 0 Votes 1 Ans Rohit and Hardik are partners sharing profits and losses equally. They decided to admit Surya as a partner for 1/3 share. For this purpose, the goodwill of the firm is to be valued 65 viewsAnurag Pathak Answered question 1 day agoGoodwill 0 Votes 1 Ans Amit and Kartik are partners sharing profits and losses equally. They decided to admit Saurabh for an equal share in the profits. For this purpose, the goodwill of the firm was to be valued at four years’ purchase of super profits 66 viewsAnurag Pathak Changed status to publish 1 day agoGoodwill 0 Votes 1 Ans Sakshi and Megha were partners sharing profits and losses in the ratio of 3 : 1. Capital Employed as on 31st March, 2024 was ₹ 14,00,000 50 viewsAnurag Pathak Answered question 1 day agoGoodwill 0 Votes 1 Ans Anand, Ridhi, and Shyam were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their fixed capitals were ₹ 1,00,000, 60,000, and 40,000, respectively 90 viewsAnurag Pathak Answered question 5 days ago[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans On 31st March, 2023, the capitals of Raghav and Diya stood at ₹ 4,00,000 and ₹ 3,00,000 respectively, after the necessary adjustment in respect of 80 viewsAnurag Pathak Answered question 5 days ago[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Their fixed capitals were: ₹ 2,00,000; ₹ 1,00,000 and ₹ 1,00,000 respectively 101 viewsAnurag Pathak Answered question 5 days ago[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Atul and Gita were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were ₹ 4,00,000 and ₹ 2,00,000, respectively 80 viewsAnurag Pathak Answered question 5 days ago[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Neeraj and Surya are partners sharing profits and losses in the ratio of 2 : 1. Their capitals are ₹ 4,00,000 and ₹ 2,00,000 respectively 102 viewsAnurag Pathak Answered question 5 days ago[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Sumit and Namit are partners sharing profits in the ratio of 3 : 2. They contribute ₹ 1,00,000 and ₹ 50,000 respectively towards capital. Compute interest on capital and show distribution of profit in the following cases: 110 viewsAnurag Pathak Answered question 5 days ago[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans Vinod and Mohan are partners sharing profits and losses in the ratio of 4 : 3. From the following Balance sheet, Calculate interest on Capital @ 6% p.a 96 viewsAnurag Pathak Answered question 5 days ago[CBSE] Fundamentals of Partnership Firm 0 Votes 1 Ans A, B and C were partners sharing profits and losses in the ratio of 5 : 3 : 2. Following was their Balance Sheet as at 31st March, 2023: 393 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners sharing profits and losses in the ratio of 3 : 2 : 1. Y retires selling his share to X and Z for ₹ 1,60,000, ₹ 1,00,000 being paid by X and ₹ 60,000 by Z 408 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. On the retirement of B, Goodwill was valued at ₹ 3,00,000. A, C and D decide to continue the firm sharing profits equally 370 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 0 Ans A, B, C and D are partners sharing profits in the ratio of 5 : 3 : 3 : 1. On the retirement of C, goodwill was valued at ₹ 3,60,000. C’s share of goodwill will be adjusted into the Capital accounts of A, B and D 333 viewsAnurag Pathak Changed status to publish February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Z retired and the new profit sharing ratio between X and Y was 1 : 2. On Z’s retirement the goodwill of the firm was valued at ₹ 30,000 393 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 6 : 4 : 5. Their capitals were A – ₹ 1,00,000, B – ₹ 80,000 and C – ₹ 60,000. On 1st April 2023, B retired from the firm and the new profit sharing ratio between A and C was decided as 11 : 4 322 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Arjun, Bhim and Nakul are partners sharing profits and losses in the ratio of 14 : 5 : 6 respectively. Bhim retires and surrenders his 5/25th shares in favour of Arjun 371 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1 : 1. A and C decided to retire from the firm. The goodwill of the firm was valued at ₹ 90,000. B and D decided to share future profits in the ratio of 5 : 3 352 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, R and S are in partnership sharing profits 4/8, 3/8 and 1/8 respectively. It is provided under the partnership deed that on the death of any partner his share of goodwill is to be valued at one-half of the net profits credited to his account during the last 4 completed years 362 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner 0 Votes 1 Ans L a partner, was appointed to look after the dissolution process for which he was given a remuneration of ₹ 10,000 608 viewsAnurag Pathak Changed status to publish February 24, 2025DK Goel Dissolution of a Partnership Firm 1 2 … 170 171 Question and answer is powered by anspress.net
