Amrit, Ajit and Ansh are partners sharing profits and losses in the ratio of 1/2, 1/3, and 1/6 respectively
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Ram, Laxman and Bharat were partners sharing profits in the ratio of 2 : 2 : 1. Laxman retired on 1st April, 2023. On the date of his retirement some of the assets and liabilities in the books were
Solution:-
Kapil, Angad and Gush are partners sharing profits in the ratio of 1 : 2 : 3. Gush retires and his capital, after making adjustments for reserves and profits on revaluation stands at ₹ 2,70,000
Solution:-
Deepa, Neeru and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2
Solution:-
Sid, Harry and Jiten are partners sharing profits and losses in the ratio of 4 : 3 : 1. Harry retires, selling his share of profit to Sid and Jiten for ₹ 1,20,000
Solution:-
Ashish, Naresh and Yogesh were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Yogesh retires and the new profit-sharing ratio between Ashish and Naresh was 1 : 2
Solution:-
Akash, Atul and Kirti are partners sharing profits in the ratio of 4 : 3 : 2. Atul retires from the business. His share of goodwill is ₹ 7,200
Solution:- Working Notes:-
Ravi, Mukesh, Naresh and Yogesh are partners in a firm sharing profits in the ratio of 2 : 2 : 1 : 1
Solution:-
Abha, Beena and Chanda are partners sharing profits and losses in the ratio of 25 : 15 : 9
Solution:-
Jeet, Bhagat, Yuvraj and Bharat are partners sharing profits in the ratio of 4 : 3 : 2 : 1
Solution:-