Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Puneet and Tarun are partners sharing profits and losses in the ratio of 3 : 2. They admit Simran as a partner who acquires 2/7th from Puneet and 1/7th from Tarun as her share 1.08K viewsAnurag Pathak Answered question June 13, 2024[ISC] Admission of Partner 0 Votes 1 Ans A, B and C are partners in a firm. Their profit sharing ratio is 3 : 2 : 1. However, C is guaranteed a minimum amount of ₹ 10,000 as share of profits every year 951 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Piya and Shreya are partners in a firm. Their Capital Accounts as on 1st April, 2023 were ₹ 5,00,000 and ₹ 3,00,000 respectively 1.08K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Cheese and Slice are equal partners. Their capitals as on April 01, 2022 were ₹ 50,000 and ₹ 1,00,000 respectively. After the accounts for the financial year ending March 31, 2023 have been prepared 1.11K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans From the following Balance Sheet of A and B, calculate interest on capital at 5% p.a. for the year ending 31st March, 2024 1.12K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners sharing profits and losses in the ratio of 3 : 1. Following is the Balance Sheet of the firm as at 31st March, 2024 1.46K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses in the ratio of 2 : 3. The following was the Balance Sheet of the firm as at 31.3.2024 1.37K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses in the ratio of 2 : 1. The following was the Balance Sheet of the firm as at 31.3.2024 977 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Kaveri and Tapti are partners sharing profits in the ratio of 2 : 1. Following particulars are obtained from their books: 1.19K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans The capital accounts of A, B and C showed credit balances of ₹ 5,00,000, ₹ 3,00,000 and ₹ 2,00,000 respectively, after taking into account drawings and net profit of ₹ 3,00,000 1.08K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners in a business sharing profits and losses in the ratio of 3 : 2. Their capitals on 31st March, 2024, after the adjustment of net profits and drawings amounted to ₹ 2,00,000 and ₹ 1,50,000 respectively 921 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans The capitals of A, B and C stood at ₹ 20,000, ₹ 15,000 and ₹ 10,000 respectively after the necessary adjustment in respect of drawings and net profits. Subsequently 1.25K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Mohan, Vijay and Anil are partners, their capitals on 31st March 2024 after adjustments of drawings and profits were ₹ 30,000, ₹ 25,000 and ₹ 20,000 respectively 759 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Sachin, Kapil and Rashmi have been sharing profits in the ratio of 3 : 2 : 1 respectively. Rashmi wants that she should share profits equally along with Sachin and Kapil 1.13K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans After the accounts of a partnership have been drawn up and the books closed off, it is discovered that for the years ended 31st March, 2023 and 2024 1.13K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 1 : 2 : 3. A withdrew ₹ 5,000 every month, B withdrew ₹ 60,000 during the year and C withdrew ₹ 15,000 during each quarter 825 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 3. Their fixed capitals were ₹ 1,00,000, ₹ 2,00,000 and ₹ 3,00,000 respectively 716 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C were partners in a firm. Their capitals were A ₹ 1,00,000, B ₹ 2,00,000 and C ₹ 3,00,000 respectively on 1st April, 2023. According to the partnership deed they were entitled to an interest on capital @ 5% p.a 1.18K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C were partners in a firm. On 1st April, 2021 their capitals stood as ₹ 5,00,000; ₹ 2,50,000 and ₹ 2,50,000 respectively. As per provisions of the partnership deed 925 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Suresh and Ramesh were partners in a firm sharing profits in the ratio of 3 : 2. Their fixed capitals were : Suresh ₹ 9,00,000 and Ramesh ₹ 6,00,000 854 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. Their fixed capitals were ₹ 4,00,000, ₹ 2,50,000 and ₹ 1,00,000 respectively 1.25K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Kumar and Raja were partners in a firm sharing profits in the ratio of 7 : 3. Their fixed capitals were : Kumar ₹ 9,00,000 and Raja ₹ 4,00,000 882 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans On 1st April, 2022 the Capitals of A and B were ₹ 4,00,000 and ₹ 2,00,000 respectively. They divided profits in their capital ratio, Profits for the year ended 31st March 1.27K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans P, Q and R are partners sharing profits in the ratio of 2 : 1 : 1. Their capitals as on 1st April, 2023 were ₹ 50,000, ₹ 30,000 and ₹ 20,000 respectively 1.26K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Anil, Sunil and Sanjay have omitted interest on Capitals for two years ended on 31st March, 2023. Their fixed capitals in two years were Anil ₹ 8,00,000, Sunil ₹ 7,00,00 and Sanjay ₹ 3,00,000 1.33K viewsAnurag Pathak Changed status to publish June 13, 2024 « Previous 1 2 … 25 26 27 28 29 … 169 170 Next » Question and answer is powered by anspress.net
