A and B are partners sharing profits and losses in the ratio of 3 : 2. On April 1, 2022, their Balance Sheet was as follows:
Solution:- Working Notes:-
Commerce School
Student Community
Archives Answers
Answer
A and B were partners with fixed capitals of ₹ 3,70,000 each. They admitted C as a new partner for 1/4th share of profits. C brought ₹ 3,00,000 as his capital and the necessary amount of goodwill premium for his share of goodwill
Solution:-
A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 2. Their respective fixed capitals were A ₹ 7,00,000; B ₹ 4,50,000 and C ₹ 6,00,000
Solution:-
David and Bimal are partners sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2023, was as follows:
Solution:-
Leena and Rohit are partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2018, their Balance Sheet was as follows:
Solution:-
On 31st March, 2019 the Balance Sheet of Madan and Mohan who share profits and losses in the ratio of 3 : 2 was as follows:
Solution:-
Pappu and Dhanraj were partners in a firm sharing profits in the ratio of 3 : 1. Their Balance Sheet as at 31.3.2023 was as follows:
Solution:-
A and B are partners in a firm sharing profit and losses in the ratio of 3 : 1. On 1st April, 2022 their position was as given below:
Solution:-
Rajat and Ravi are partners in a firm sharing profits and losses in the ratio of 7 : 3. Their Balance Sheet as at 31st March, 2024 is as follows:
Solution:-
Balance Sheet as at 31st March, 2024 of Ramesh, Kumar and Pappu who were sharing profits and losses in the ratio of 2 : 3 : 5.
Solution:-