Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Calculate the interest on Drawings of Tarun @ 8% p.a. for the year ended 31st March, 2024 in each of the following alternative cases 602 viewsAnurag Pathak Answered question May 30, 2024 0 Votes 1 Ans A and B are partners in a firm. A is to get a commission of 10% of net profit before charging any commission. B is to get a commission of 10% on net profit after charging all commissions 660 viewsAnurag Pathak Answered question May 30, 2024 0 Votes 1 Ans Tulsi and Kabir are partners sharing profits in proportion of 3 : 2 with capitals of ₹ 8,00,000 and ₹ 6,00,000 respectively. Interest on capitals is agreed at 6% p.a 681 viewsAnurag Pathak Answered question May 30, 2024 0 Votes 1 Ans X, Y and Z are in the partnership and on 1st April, 2023, their respective capitals were ₹ 2,00,000; ₹ 1,20,000 and ₹ 1,00,000. Y is entitled to a salary of ₹ 25,000 and Z ₹ 20,000 per annum 854 viewsAnurag Pathak Answered question May 30, 2024 0 Votes 1 Ans Pappu and Munna are partners in a firm sharing profits in the ratio of 3 : 2. The partnership deed provided that Pappu was to be paid salary of ₹ 2,500 per month 669 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans Simmi and Sonu are partners in a firm, sharing profits and losses in the ratio of 3 : 1. The profit and loss account of the firm for the year ending March 31, 2024 shows a net profit of ₹ 1,50,000 330 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans D, E and F were partners in a firm sharing profits in the ratio of 5 : 7 : 8. Their fixed capitals on 1st April, 2023 were D ₹ 5,00,000, E ₹ 7,00,000 and F ₹ 8,00,000 560 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans A, B and C entered into partnership on 1st July, 2023 to share profit and losses in the ratio of 5 : 3 : 2. A personally guaranteed that C’s share of profit after charging interest on capital @ 8% per annum 762 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. It was provided that B’s share of profit will not be less than ₹ 1,50,000 per annum 507 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans X and Y were sharing profits in the ratio of 2 : 1. On 1st April, 2023 they admitted Z for 1/4th share in the profits. Z is guaranteed a minimum profit of ₹ 1,00,000 for the year 649 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans The partners of a firm distributed the profits for the year ended 31st March, 2024, ₹ 1,50,000 in the ratio of 2 : 2 : 1. without providing for the following adjustments 718 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. D is given a guarantee that his share of profits in any given year would not be less than ₹ 1,20,000 370 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans A, B and C were partners sharing profits and losses in the ratio of 3 : 2 : 1. Their capitals on 1st April, 2023 were: A ₹ 5,00,000; B ₹ 3,00,000 and C ₹ 2,00,000 596 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 1 : 2 : 3. B was guaranteed a profit of ₹ 2,00,000. Any deficiency on account of guarantee to B was to be borne by A and C in 1 : 4 ratio 567 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans A, B and C were partners in a firm. On 1-4-2022 their capitals stood at ₹ 5,00,000, ₹ 2,50,000 and ₹ 2,50,000 respectively. As per the provisions of the partnership deed 318 viewsAnurag Pathak Answered question May 29, 2024 0 Votes 1 Ans Calculate interest on A’s drawings: (i) If he has withdrawn ₹ 60,000 on 1st October, 2022 and rate of interest on drawings is 8% per annum 424 viewsAnurag Pathak Answered question May 24, 2024 0 Votes 1 Ans X and Y are partners in a firm. They do not have any partnership deed. What should be done in the following cases 431 viewsAnurag Pathak Answered question May 23, 2024 0 Votes 1 Ans Alfa Ltd. was formed with a Capital of ₹ 70,00,000 divided into 70,000 equity shares of ₹ 100 each. The company allotted 1,000 equity shares of ₹ 100 each as fully paid to the subscribers 537 viewsAnurag Pathak Answered question May 20, 2024[ISC] Accounting for Share Capital 0 Votes 1 Ans A business has earned average profit of ₹ 1,20,000 during the last four years and the normal rate of return of similar business is 15%. If goodwill of the firm is valued at ₹ 1,35,000 at 3 year’s purchase of average super profit 1.26K viewsAnurag Pathak Answered question May 6, 2024Goodwill 0 Votes 1 Ans A business earned an average profit of ₹ 1,80,000 during the last few years. Average capital employed by the firm is ₹ 12,50,000. If goodwill of the firm is valued at ₹ 1,60,000 738 viewsAnurag Pathak Answered question May 6, 2024Goodwill 0 Votes 1 Ans A and B were partners in a firm sharing profits equally. Their capitals were: A – ₹ 1,20,000 and B – ₹ 80,000. The annual rate of interest is 20%. Profits of the firm for the last three years were ₹ 34,000; ₹ 38,000 and ₹ 30,000 802 viewsAnurag Pathak Changed status to publish May 6, 2024Goodwill 0 Votes 1 Ans From the information given below, find the average profits of the partnership firm of Sudhir and Sana: 696 viewsAnurag Pathak Answered question May 6, 2024[ISC] Goodwill 0 Votes 2 Ans Mahi, Virat and Ishant are partners in Sports goods business sharing profits and losses in the ratio of 2 : 2 : 1. Ishant is guaranteed profit of ₹ 5,00,000 per annum by Mahi and Virat 818 viewsAnurag Pathak Changed status to publish April 27, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans From the following information, calculate the value of goodwill of M/s Shiv and Shahid: 2.21K viewsAnurag Pathak Changed status to publish May 4, 2024[ISC] Goodwill[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans A firm earns profit of ₹ 2,00,000. Normal rate of return in the similar business is 10%. Value of total assets (excluding goodwill) and total outside liabilities as on the due of valuation of goodwill are ₹ 23,00,000 and ₹ 6,60,000 respectively 1.68K viewsAnurag Pathak Changed status to publish May 4, 2024[ISC] Goodwill[ISC} TS Grewal SolutionsAccountancy Class 12th « Previous 1 2 … 23 24 25 26 27 … 161 162 Next » Question and answer is powered by anspress.net
