Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 1/5, 1/3 and 7/15 respectively. C retires and his share was taken up by A and B in the ratio of 3 : 2. Calculate the new ratio. 155 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari 157 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 8 : 4 : 3. B retires and his share is taken up equally by A and C 170 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 1/2 : 3/8 : 1/8. Calculate the new ratio if C retires. 158 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C, and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. A and C retire from the firm. Calculate the new profit sharing ratio of B and D. 165 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 5 : 6 : 9. On 31.3.2023, their Balance Sheet was as follows: 174 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans L, M and N were partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 1.4.2022 was as under: 179 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans You are given the Balance Sheet of A, B and C who are partners sharing profits in the ratio of 2 : 2 : 1 as at March 31, 2022. Creditors ₹ 40,000 193 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are in partnership, sharing profits in the proportion of two-thirds, one-sixth and one-sixth respectively. A died on the 30th June, 2022 182 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2 respectively. Their Balance Sheet as at 31st March, 2023 was as follow: 148 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Brown and Smith are partners. The partnership deed provides: (i) That the Accounts be balanced on 31st December each year. 158 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D were partners sharing profits in the ratio of 5 : 3 : 2 : 2. B died on 1st March, 2024. Goodwill of the firm was valued at ₹ 6,00,000 151 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Tripti, Atishay and Radhika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance Sheet as at 31-3-2024 was as follows: 124 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Anuj, Tanuj and Vishesh were partners in a firm sharing profits in 2 : 2 : 1. Tanuj died on 31st July 2023. His capital on 1st April, 2023 was ₹ 6,00,000. You are informed that: 160 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm. A died on 31.3.2018 and the Balance Sheet of the firm on that date was as under: 158 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Ram, Ghanshyam and Vrinda 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 Ghanshyam died 146 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. The Balance Sheet as at 31-3-2023 was as follows: 167 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans The Balance Sheet of Sindhu, Rahul and Kamlesh, who were sharing profits in the ratio of 3 : 3 : 4 respectively, as at 31st March, 2023 was as follows: 153 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their books are closed on March 31st every year. B died on 1st August, 2022. The executors of B are entitled to: 151 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are sharing profits in the ratio of 4 : 3 : 2. A dies on 31st December, 2022. Accounts are closed on 31st March every year. Sales for the year ending 31st march, 2022 amounted to ₹ 4,00,000 143 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Hari, Mohan and Sohan were partners in a firm sharing profits in 2 : 2 : 1 ratio. The firm closes its books on 31st March every year. Mohan died on 24-8-2021. On Mohan’s death the goodwill of the firm was valued at ₹ 75,000 129 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm. B died on 31st August, 2021. B’s 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 150 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners sharing profits in the ratio of 4 : 2 : 3. Y retires. on this date his Capital after making adjustments for reserves and revaluation exists at ₹ 2,00,000 139 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were equal partners. Their Balance Sheet as at 31st March, 2022 was as under: B/P ₹ 20,000 Creditors ₹ 40,000 147 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R are in partnership sharing profits in the ratio of 3 : 2 : 1. R retires. Following balances appeared in their books: 144 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner « Previous 1 2 3 4 … 173 174 Next » Question and answer is powered by anspress.net
