Prepare Accounting Equation from the following Started business with Cash ₹ 2,00,000
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Prove that the Accounting Equation is satisfied in all the following transactions of Rajaram. Also prepare a Balance Sheet
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Show the Accounting Equation on the basis of the following and present a balance sheet on the last new equation balances: Manu started business with cash 50,000
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Prepare Accounting Equation from the following Sandeep started business with Cash 1,00,000
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Maanika, Bhavi and Komal are partners sharing profits in the ratio of 6 : 4 : 1. Komal is guaranteed a minimum profit of ₹ 2,00,000
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A, B and C are partners sharing profits in the ratio of 5 : 4 : 1. C is given a guarantee that his share of profits in any year will not be less than ₹ 20,000
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A, B and C are partners in a firm sharing profits in the ratio of 2 : 2 : 1. According to the terms of the partnership agreement C has to get a minimum of ₹ 6,000 irrespective of the profits of the firm
Solution:- 1st Method: 2nd Method:
X, Y and Z are partners sharing profits and losses in the ratio of 3 : 2 : 1 with a minimum profit of ₹ 1,00,000 for Z . the profits for the year ended March 31, 2023 amounted to ₹ 4,80,000
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Piya and Bina are partners in a firm sharing profits and losses in the ratio of 3 : 2. Following was the Balance Sheet of the firm as on 31-3-2016:
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A, B and C were partners in a firm. On 1st April, 2021 their capitals stood as ₹ 5,00,000; ₹ 2,50,000 and ₹ 2,50,000 respectively. As per provisions of the partnership deed
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