Ritvik, Shom and Mohit were in partnership sharing profits and losses in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2023 was as follows:
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Arman, Naresh and Atil are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1
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Dipali and Rajashri are partners in a firm sharing profits and losses in the ratio of 3 : 2
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Neha, Anita and Sonia were partners sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2022, their Balance Sheet was as follows:
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Angad and Bishan are equal partners of a firm, Balance Sheet of which is given below as at 31st March, 2023
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Balance Sheet of a firm as at 31st March, 2023 was as under:
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Angad, Raman and Harish were partners in a firm. They decided to dissolve their firm
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Realisation expenses of ₹ 5,000 paid by the firm which were to be borne by Aman, a partner.
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Gagan, Sudan and Madan are partners in a firm. Pass necessary Journal entries for the following transactions at the time of dissolution of the firm:
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What Journal entries would be passed in the books of Raja and Nawab sharing profits and losses in the ratio of 5 : 2
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