Ask question Search Order By: ActiveCategoryClear Filter 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 ₹ 6,00,000 219 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 241 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 ₹ 4,00,000 214 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 302 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 349 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 ₹ 3,00,000 341 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B were partners sharing profits in 2 : 1 ratio. During the year ended 31st March, 2023, A’s drawings were ₹ 50,000 per month drawn in the beginning of every month 286 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B, C and D are partners sharing profits and losses in 2 : 2 : 3 : 3 respectively. After the accounts of the year had been closed, it was found that interest on drawings @ 6% p.a 221 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 5 : 3 : 1. After the final accounts have been prepared, it was discovered that interest on drawings 264 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Asha, Suman and Verka were partners in a firm, their capitals were ₹ 9,00,000, ₹ 7,00,000 and ₹ 4,00,000 respectively as on 1st April, 2022 346 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 1 : 2 : 3. They have omitted interest on capital @ 8% p.a. for two years ended 31st March 300 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B, C and D are partners sharing profits in 2 : 2 : 1 : 1. They distributed the profit for the year ending 31st March, 2023, ₹ 9,00,000 without providing for the following 187 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans After the accounts of the partnership have been drawn up and the books closed off, it is discovered that interest on capitals @ 8% p.a. as provided 281 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans On 1st April, 2023 X, Y and Z started a business in partnership. X contributes ₹ 90,000 at first but withdraws ₹ 30,000 at the end of six months 248 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Lalan and Balan were partners in a firm sharing profits in the ratio of 3:2. Their fixed capital on 1st April 2022 was: Lalan ₹ 10,00,000 and Balan ₹ 20,00,000 3.50K viewsAnurag Pathak Changed status to publish June 13, 2024[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans Lalan and Balan were partners in a firm sharing profits in the ratio of 3 : 2. Their fixed capitals on 1st April, 2023 were : Lalan ₹ 1,00,000 and Balan ₹ 2,00,000 196 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Kavita and Leela are partners with capitals of ₹ 6,00,000 and ₹ 4,00,000 and sharing profits & Loss in the ratio of 2 : 1. Their partnership deed provides that interest on capitals shall be provided @ 8% p.a 172 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans On 1-4-2022, Brij and Nandan entered into partnership to construct toilets in government girls schools in the remote areas of Uttarakhand. They contributed capitals of ₹ 10,00,000 and ₹ 15,00,000 respectively 211 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans P and Q were partners in a firm sharing profits in 3 : 1 ratio. Their respective fixed capitals were ₹ 10,00,000 and ₹ 6,00,000. The partnership deed provided interest on capital @ 12% p.a 347 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B contribute ₹ 4,00,000 and ₹ 3,00,000 respectively as their capitals. They decided to allow interest on capital @ 8% p.a. Their respective share of profit is 3 : 2 250 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans X and Y are partners sharing the profits and losses in the ratio of 2 : 1 with capitals of ₹ 50,000 and ₹ 30,000 respectively. Show the distribution of profits in each of the following alternative cases 319 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Anamika and Monika are partners in a firm. Anamika withdrew ₹ 25,000 at the end of each month and interest on drawings was calculated ₹ 8,250 at the end of the year 233 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Sneha is a partner in a firm. Calculate the amount of Sneha’s quarterly drawings for the year ended 31st March, 2023, in the following cases when interest is charged @ 10% p.a 216 viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Calculate the amount of Era’s monthly drawings for the year ended 31st March 2023 in the following cases when interest is charged on drawings @ 10% p.a 254 viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans A, B and C are partners in a firm. For six months ending 31st March 2024. A drew regularly ₹ 15,000 in the beginning of every month. B drew regularly ₹ 20,000 at the end of every month 192 viewsAnurag Pathak Changed status to publish June 12, 2024 « Previous 1 2 3 4 5 … 145 146 Next » Question and answer is powered by anspress.net
