Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A, B and C were partners in a firm. A died on 31st March, 2018 and the Balance Sheet of the firm on that date was as under: 6.73K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans X and Y are partners. The Partnership Deed provides inter alia: 4.01K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans The Balance Sheet of Sadhu, Raja and Karan who were sharing profits in the ratio of 4 : 2 : 4 as at 31st March, 2023 was as follows: 5.76K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Karim, Saleem and Raheem were partners in a firm sharing profits and losses in the ratio of 3 : 4 : 3. The firm closes its books on 31st March every year. 5.23K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Iqbal and kamal are in partnership sharing profits and losses in 3 : 2. Kamal died three months after the date of the last Balance Sheet. 4.47K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans X, Y and Z 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. 3.60K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Abha, Beena and Chanda were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Abha died on 1st July, 2023. 4.92K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Akhil, Bikram and Charu were partners sharing profits and losses in the ratio of 3 : 2 : 1. Bikram died on 30th september, 2022 3.77K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Raman, Param and Karan were partners sharing profits and losses in the ratio of 3 : 2 : 1. Param died on 31st December, 2022. Accounts of the firm are closed on 31st March every year. 4.40K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Ajay, Bhawna and Shreya were partners sharing profits in the ratio of 2 : 2 : 1. On 1st July, 2022 Shreya died. The books of accounts are closed on 31st March every yer. Sales for the year 2021-22 ₹ 5,00,000 and that from 1st April to 30th June, 2022 were ₹ 1,40,000. 3.85K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans A, B and C were partners sharing profits and losses in the ratio of 2 : 2 : 1. C died on 30th June, 2023. 3.37K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans X, Y and Z were partners in a firm. Z died on 31st May, 2022. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed years of profits before death. 3.63K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Manoj, Rakesh and Harsh were partners sharing profits in the ratio of 2 : 2 : 1. Manoj died on 30th June, 2022. Rakesh and Harsh decided to continue the business. 2.86K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July 2022. 3.20K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans X, Y and Z were partners sharing profits and losses in the ratio of 3 : 2 : 1. Y died on 30th June, 2022. Profit from 1st April, 2022 to 30th June, 2022 was ₹ 3,60,000. 3.05K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Ram, Manu and Hari were partners in a firm. Hari died on 30th June, 2023. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed financial years of profits before death. 3.68K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1. B died on 30th June, 2022, For the year ended 31st March, 2023, proportionate profits of 2022 is to be taken into consideration. 2.97K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 25th February 2019, B died, B’s share of profit till the date of his death was calculated at ₹ 5,000. Pass the necessary Journal entry for the same in the books of the firm. 3.02K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Anil, Sunil and Hari were partners sharing profits equally. Suni died on 31st December 2022. In terms of the partnership deed, accounts were prepared for the period ended 31st December 2022 and net profit was determined at ₹ 6,00,000. Pass the Journal entry for the profit share of the partners. 3.16K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 : 2 : 1. 3.09K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans P, R and S are in partnership sharing profits 4/8, 3/8 and 1/8 respectively. It is provided in the partnership deed that on the death of any partner his share of goodwill is to be valued at one half of the net profit credited to his account during the last four completed years. 3.34K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Keshav, Nirmal, and Pankaj are partners sharing profits in the ratio of 5 : 3 : 2. Pankaj died and his share is taken by Keshav. Calculate the new profit-sharing ratio of Keshav and Nirmal. 3.20K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y died and W, X and Z decide to share the profits and losses equally in future. Calculate gaining ratio. 1.31K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. A died, B and C will share profits in the ratio of 2 : 1. Determine the gaining ratio. 2.74K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan died and his share was taken equally by Shiv and Hari. 1.02K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner[CBSE] TS Grewal Solutions « Previous 1 2 … 131 132 133 134 135 … 159 160 Next » Question and answer is powered by anspress.net