Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Suman, Shubham and Siya were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Shubham retired from the firm and Suman and Siya decided to continue the business 25 viewsAnurag Pathak Answered question 12 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans H, P and S were partners in a firm sharing profits in the ratio of 4 : 3 : 1. On August 1, 2017, P died. His 20% share was acquired by H and remaining by S. Calculate the new profit sharing ratio. 34 viewsAnurag Pathak Answered question 12 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. B retires from the firm. Calculate the new ratio, if 27 viewsAnurag Pathak Answered question 13 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z were partners sharing profits in the ratio of 4/9 : 3/9 : 2/9. X retires and his share was taken up by Y and Z in the ratio of 2 : 1. Find out the new ratio 25 viewsAnurag Pathak Answered question 13 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 1/5, 1/3 and 7/15 respectively. C retires and his share was taken up by A and B in the ratio of 3 : 2. Calculate the new ratio. 22 viewsAnurag Pathak Answered question 13 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari 15 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 8 : 4 : 3. B retires and his share is taken up equally by A and C 35 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 1/2 : 3/8 : 1/8. Calculate the new ratio if C retires. 25 viewsAnurag Pathak Answered question 14 hours agoDK 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. A and C retire from the firm. Calculate the new profit sharing ratio of B and D. 32 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 5 : 6 : 9. On 31.3.2023, their Balance Sheet was as follows: 29 viewsAnurag Pathak Changed status to publish 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans L, M and N were partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 1.4.2022 was as under: 36 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans You are given the Balance Sheet of A, B and C who are partners sharing profits in the ratio of 2 : 2 : 1 as at March 31, 2022. Creditors ₹ 40,000 33 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are in partnership, sharing profits in the proportion of two-thirds, one-sixth and one-sixth respectively. A died on the 30th June, 2022 24 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2 respectively. Their Balance Sheet as at 31st March, 2023 was as follow: 30 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Brown and Smith are partners. The partnership deed provides: (i) That the Accounts be balanced on 31st December each year. 26 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D were partners sharing profits in the ratio of 5 : 3 : 2 : 2. B died on 1st March, 2024. Goodwill of the firm was valued at ₹ 6,00,000 34 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Tripti, Atishay and Radhika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance Sheet as at 31-3-2024 was as follows: 16 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Anuj, Tanuj and Vishesh were partners in a firm sharing profits in 2 : 2 : 1. Tanuj died on 31st July 2023. His capital on 1st April, 2023 was ₹ 6,00,000. You are informed that: 29 viewsAnurag Pathak Answered question 14 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm. A died on 31.3.2018 and the Balance Sheet of the firm on that date was as under: 31 viewsAnurag Pathak Answered question 15 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Ram, Ghanshyam and Vrinda were partners in a firm sharing profits in the ratio of 4 : 3 : 1. The firm closes its books on 31st March every year. On 1st February, 2023 Ghanshyam died 27 viewsAnurag Pathak Answered question 15 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. The Balance Sheet as at 31-3-2023 was as follows: 36 viewsAnurag Pathak Changed status to publish 15 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans The Balance Sheet of Sindhu, Rahul and Kamlesh, who were sharing profits in the ratio of 3 : 3 : 4 respectively, as at 31st March, 2023 was as follows: 16 viewsAnurag Pathak Answered question 15 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their books are closed on March 31st every year. B died on 1st August, 2022. The executors of B are entitled to: 36 viewsAnurag Pathak Answered question 15 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are sharing profits in the ratio of 4 : 3 : 2. A dies on 31st December, 2022. Accounts are closed on 31st March every year. Sales for the year ending 31st march, 2022 amounted to ₹ 4,00,000 32 viewsAnurag Pathak Answered question 15 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Hari, Mohan and Sohan were partners in a firm sharing profits in 2 : 2 : 1 ratio. The firm closes its books on 31st March every year. Mohan died on 24-8-2021. On Mohan’s death the goodwill of the firm was valued at ₹ 75,000 21 viewsAnurag Pathak Answered question 15 hours agoDK Goel Retirement of a partner 1 2 … 172 173 Question and answer is powered by anspress.net
