Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Adin, Prabh and Inder are partners sharing profits and losses in the ratio of 2 : 2 : 1 respectively. Their Balance Sheet as at 31st March, 2023 is as given below: 4.25K viewsAnurag Pathak Changed status to publish July 16, 2023[ISC] Admission of Partner[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Kabir, Zoravar, and Parul are partners sharing profits in the ratio of 5 : 3 : 2. Their capitals as on 1st April 2022 were: Kabir – ₹ 5,20,000, Zoravar – ₹ 3,20,000 and Parul – ₹ 2,00,000. 10.80K viewsAnurag Pathak Changed status to publish July 16, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Kalpana and Kanika are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2023 was as follows: 5.16K viewsAnurag Pathak Changed status to publish July 15, 2023[ISC] Admission of Partner[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Sushil and Girish are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2023 was as follows: 4.38K viewsAnurag Pathak Changed status to publish July 13, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Bhavna and Daya sharing profits in the ratio of 3 : 2 had following Balance Sheet as at 31st March, 2023: 4.58K viewsAnurag Pathak Changed status to publish July 13, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Xavier and Yogesh are partners sharing profits and losses in the ratio of 3 : 2. On 31st March, 2023, their Balance Sheet was as follows: 5.23K viewsAnurag Pathak Changed status to publish July 13, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Gautam and Yashica were partners in a firm sharing profits in the ratio of 7 : 3. Their Balance Sheet as at 31st March, 2023 was as follows: 5.06K viewsAnurag Pathak Changed status to publish July 13, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Abram and Alia are partners in a firm sharing profits in the ratio of 60 : 40. Their Balance Sheet as at 31st March, 2023 was as follows: 4.51K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Pawan, Sharman and Karman are in partnership sharing profit and losses in the ratio of 6 : 3 : 1. They admit Arjun into partnership with effect from 1st April, 2023. New profit sharing ratio among the partners will be 3 : 3 : 3 : 1. 3.33K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Aamir, Salman and Ranbir were in partnership sharing profits and losses in the ratio of 6 : 3 : 1. Their fixed capitals as on 31st March, 2023 were: Aamir – ₹ 3,00,000, Salman – ₹ 1,50,000 and Ranbir – ₹ 50,000. They admit Irfan into partnership with effect from 1st April, 2023. 3.09K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Anuj, Karan and Arjun are partners sharing profits and losses in the ratio of 5 : 3 : 2. They admit Sahil as partner and share future profits and losses in the ratio of 3 : 3 : 3 : 1, with effect from 1st April, 2023. An extract of their Balance Sheet as at 31st March, 2023 is: 3.04K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Pronoy, Jagjit and Sachin are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They admit Rajdeep as a partner and share future profits and losses equally with effect from 1st April, 2023. An extract of their Balance Sheet as at 31st March, 2023 is: 2.47K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Give the Journal entry to distribute ‘Investment Fluctuation Reserve’ of ₹ 24,000 at the time of admission of Manbir, when Investment (Market Value ₹ 1,10,000) exists at ₹ 1,20,000. The firm has two partners Sunil and Avdesh. 2.15K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Ben, Broad and Moin are partners sharing profit and losses in the ratio of 5 : 3 : 2. They admit Rashid for 1/6th share. Following items appear in the Balance Sheet on the date of admission: 2.49K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Shabir and Jiwan are partners in a firm sharing profits and losses in the ratio of 3 : 2. Joy was admitted for 1/3rd share in the profits. 2.28K viewsAnurag Pathak Changed status to publish July 12, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Mahesh and Rajesh are partners sharing profits in the ratio of 2 : 1. Their Balance sheet as at 31st March, 2023 was as under: 4.13K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Jannat and Mannat are partners in a firm. They share profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2023 was as under: 4.53K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Anmol and Basu were partners sharing profits equally. Their Balance sheet as at 31st March, 2023 was as follows: 4.31K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Following was the Balance Sheet of X and Y who were sharing profit 2/3rd and 1/3rd as at 31st March, 2023: 2.33K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans At the time of admission of partner Dass, the assets and liabilities of Karam and Dharam were revalued and following changes were made: 2.11K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Mandeep and Tarun are partners sharing profits in the ratio of 3 : 2. They admitted Neelu as a new partner for 1/4th share of profits. At the time of admission of Neelu, Debtors and Provision for Doubtful Debts were ₹ 76,000 and ₹ 8,000 respectively. ₹ 6,000 of the debtors proved bad. A provision of 5% is to be created on Sundry Debtors for Doubtful Debts. Pass the necessary Journal entries. 2.52K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Gurm and Sharan are partners sharing profits in the ratio of 3 : 2. They admitted Preet as a partner for 1/4th share of profits. At the time of admission of Preet, Investments appeared at ₹ 80,000. Half of the investments to be taken by Gurm and Sharan in their profit sharing ratio at book value. Remaining investments were valued at ₹ 50,000. Pass the necessary Journal entries. 2.45K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Rajan and Simrat are partners in a firm sharing profits in the ratio of 3 : 2. They admitted Rakesh as a new partner and fixed the new profit sharing ratio as 3 : 2 : 1. At the time of admission of Rakesh, Debtors and Provision for Doubtful Debts appeared at ₹ 50,000 and ₹ 5,000 respectively. All Debtors are good. Pass the necessary Journal entries. 2.52K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Pass entries in firm’s Journal for the following on admission of a partner: (i) Unrecorded Investments of ₹ 20,000. (ii) Unrecorded liability towards suppliers for ₹ 5,000. (iii) An item of ₹ 1,600 included in Sundry Creditors is not likely to be claimed and hence should be written back. 1.58K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions 0 Votes 1 Ans Pass entries in the firm’s Journal for the following on admission of a partner: (i) Machinery be reduced by ₹ 16,000 and Building be appreciated by ₹ 40,000. (ii) A provision be created for Doubtful Debts @ 5% of Debtors amounting to ₹ 80,000. (iii) Provision for Warranty claims be increased by ₹ 12,000. 2.03K viewsAnurag Pathak Changed status to publish July 11, 2023[ISC] Admission of Partner[ISC} TS Grewal Solutions « Previous 1 2 … 148 149 150 151 152 … 173 174 Next » Question and answer is powered by anspress.net
