Vanshika and Shikha were partners in a firm with capitals of ₹ 1,00,000 and ₹ 80,000 respectively. They admitted Nisha on 1st April, 2022 as a new partner for 1/4th share in the future profits of the firm
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Mahesh and Suresh were partners in a firm sharing profits and losses in the ratio of 2 : 1. They decided to admit Nita into partnership with 1/4th share in the profits
Solution:-
Aayush and Aarushi are partners sharing profits and losses in the ratio of 3 : 2. They admitted Naveen into partnership for 1/4th share
Solution:-
Prepare accounting equation from the following. Started business with cash ₹ 40,000, Goods ₹ 50,000 and furniture ₹ 75,000
Solution:-
Prove that accounting equation is satisfied in all the following cases. Commenced business with cash ₹ 50,000
Solution:-
Show the accounting equation on the basis of following transactions. Commenced business with Cash ₹ 20,000; Goods ₹ 50,000 and Furniture ₹ 30,000
Solution:-
Show the accounting equation on the basis of the following transactions and also show the Balance Sheet. Started business with Cash ₹ 60,000 and Goods ₹ 30,000
Solution:-
Prove that the accounting equation is satisfied in the following transactions Brij Mohan Commenced business with cash ₹ 1,00,000
Solution:-
Show the accounting equation on the basis of the following transactions and present a Balance Sheet of the last new equation balance
Solution:-
Prepare accounting equation from the following. Started business with cash ₹ 50,000 and goods ₹ 30,000
Solution:-