Ashish and Nimish were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2019 their Balance Sheet was as follows:
Solution:-
Commerce School
Student Community
Archives Answers
Answer
X and Y were partners in the profit-sharing ratio of 3 : 2. Their balance sheet as at March 31, 2022 was as follows:
Solution:-
On 31st March 2023, the Balance Sheet of Zoya and Zara who were sharing profits and losses in the ratio of 3 : 2 was as follows:
Solution:-
Ankit, Bhanu, and Charu are partners in a firm sharing profits and losses equally with a capital of ₹ 2,50,000
Solution:- Video Solution Link Watch Video Solution Click Here 1st Method: 2nd Method:- Video Solution Link Watch Video Solution Click Here
Parul, Paresh, and Rahul are partners in a firm. The firm gave a loan to Rahul on 1st February 2022 of ₹ 6,00,000
Solution:- Video Solution Link Watch Video Solution Click Here First Method:- Second Method:- Video Solution Link Watch Video Solution Click Here
Atul, Jetha, and Tarak are partners sharing profits equally. Jetha was given a loan by the firm on 1st July 2022 of ₹ 6,00,000
Solution:- Video Solution Link Watch Video Solution Click Here Video Solution Link Watch Video Solution Click Here
Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively
Solution:- Video Solution Link Watch Video Solution Click Here Note:- Distributable loss can also be written as divisible Loss. Video Solution Link Watch Video Solution Click Here
Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2. They had given a loan to the firm of ₹ 30,000
Solution:- Video Solution Link Watch Video Solution Click Here Video Solution Link Watch Video Solution Click Here
Harshad and Dhiman are in partnership since April 01, 2019, No Partnership agreement was made
Solution:- Solution:- Video Solution Link Watch Video Solution Click Here Harshad Claims i) In the absence of a partnership deed. provisions of the Indian Partnership Act 1932 are applied. No interest on capital is provided and interest on a loan…
Barun, Tarun, and Shivam are partners in a firm and do not have a partnership Deed. Barun introduced further capital of ₹ 5,00,000 on 1st October 2022. Whereas Shivam took a loan of ₹ 50,000 from the firm on 1st October 2022. Disputes have arisen among them on the following:
Solution:- Solution:- Video Solution Link Watch Video Solution of this Question Click Here a) In the case of the absence of a Partnership deed. Provisions of the Indian partnership Act 1932 would apply. No interest on capital would be allowed.…