Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Manish has paid salaries of ₹ 1,50,000 for the year ended 31st March, 2025. Salaries include ₹ 20,000 paid in advance for the year ending 31st March, 2026 200 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans On 1st July, 2024, fire insurance premium of ₹ 72,000 was paid on a policy which will expire on 30th June, 2025. Accounts are closed on 31st March 200 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Ravi’s Trial Balance as on 31st March, 2025 has the following information: Loan (Taken on 1st October, 2024, interest @ 10% p.a.) ₹ 1,00,000 197 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Rahul’s Trial Balance as on 31st March, 2025 has following information: Salaries and Wages ₹ 3,30,000 206 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Following is the extract of Trial Balance as at 31st March, 2025: Wages ₹ 55,000 Additional Information: Wages Outstanding for 1 month. 229 viewsAnurag Pathak Changed status to publish November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans Closing Stock as at 31st March, 2025, of ₹ 50,000 appears outside the Trial Balance. Accounts are closed on 31st March 216 viewsAnurag Pathak Answered question November 28, 2025Financial Statement (With Adjustment) 0 Votes 1 Ans A Ltd. purchased the following machines On 1st April, 2020 ₹ 40,000 On 1st October, 2020 ₹ 20,000 On 1st January, 2021 ₹ 10,000 4.25K viewsAnurag Pathak Changed status to publish November 15, 2025Depreciation 0 Votes 1 Ans The following balances exist in the books of X Ltd. Machinery Account 5,00,000 Provision for Depreciation Account 2,25,000 4.49K viewsAnurag Pathak Changed status to publish November 15, 2025Depreciation 0 Votes 1 Ans X and Y were partners in the profit-sharing ratio of 3 : 2. Their balance sheet as at March 31, 2022 was as follows: 1.63K viewsAnurag Pathak Changed status to publish July 27, 2025DK Goel Admission of a Partner 0 Votes 1 Ans On 31st March 2023, the Balance Sheet of Zoya and Zara who were sharing profits and losses in the ratio of 3 : 2 was as follows: 1.64K viewsAnurag Pathak Answered question July 27, 2025DK Goel Admission of a Partner 0 Votes 1 Ans Kavya, Manya and Navita were partners sharing profits as 50%, 30% and 20% respectively. On 31-3-2016, their Balance sheet was as under: 2.45K viewsAnurag Pathak Changed status to publish July 11, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners, sharing profits and losses in the ratio of 2 : 2 : 1. B retired on 31st March, 2023. on the date of his retirement, some of the assets and liabilities appeared in the books as follows: Creditors ₹ 70,000; Building ₹ 1,00,000; Plant and Machinery ₹ 40,000; Stock of Raw Materials ₹ 20,000; Stock of Finished Goods ₹ 30,000 and Debtors ₹ 20,000. 8.69K viewsAnurag Pathak Changed status to publish June 13, 2025[CBSE] TS Grewal SolutionsAccountancy Class 12thRetirement of Partner 0 Votes 1 Ans Ankit, Bhanu, and Charu are partners in a firm sharing profits and losses equally with a capital of ₹ 2,50,000 11.79K viewsAnurag Pathak Changed status to publish May 15, 2025[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Parul, Paresh, and Rahul are partners in a firm. The firm gave a loan to Rahul on 1st February 2022 of ₹ 6,00,000 11.19K viewsAnurag Pathak Changed status to publish May 7, 2025[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Atul, Jetha, and Tarak are partners sharing profits equally. Jetha was given a loan by the firm on 1st July 2022 of ₹ 6,00,000 10.06K viewsAnurag Pathak Changed status to publish May 6, 2025[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively 6.97K viewsAnurag Pathak Changed status to publish April 27, 2025[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2. They had given a loan to the firm of ₹ 30,000 6.08K viewsAnurag Pathak Changed status to publish April 26, 2025[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Harshad and Dhiman are in partnership since April 01, 2019, No Partnership agreement was made 2.76K viewsAnurag Pathak Changed status to publish April 26, 2025[NCERT] Fundamentals 0 Votes 1 Ans Barun, Tarun, and Shivam are partners in a firm and do not have a partnership Deed. Barun introduced further capital of ₹ 5,00,000 on 1st October 2022. Whereas Shivam took a loan of ₹ 50,000 from the firm on 1st October 2022. Disputes have arisen among them on the following: 5.33K viewsAnurag Pathak Changed status to publish April 26, 2025[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans The following difference has arisen among P, Q, and R. State who is correct in each case: 4.01K viewsAnurag Pathak Changed status to publish April 25, 2025[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Mahesh, Ramesh, and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the Business, they faced the following problems: 3.91K viewsAnurag Pathak Changed status to publish April 25, 2025[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans In The absence of a Partnership Deed, State the provisions of the Partnership Act, 1932 relating to: 3.84K viewsAnurag Pathak Changed status to publish April 25, 2025[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans K, L and M were partners in a firm sharing profits in the ratio of 5 : 3 : 2. On 31.3.2021 the Balance Sheet of the firm was as follows: 2.52K viewsAnurag Pathak Answered question April 16, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Kanika, Disha and Kabir were partners sharing profits in the ratio 2 : 1 : 1. On 31-3-2016, their Balance sheet was as under: 2.34K viewsAnurag Pathak Answered question April 16, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Krish, Vrish and Peter are partners sharing profits in the ratio of 3 : 2 : 1. Vrish retired from the firm. On that date the balance Sheet of the firm was as follows:Krish, Vrish and Peter are partners sharing profits in the ratio of 3 : 2 : 1. Vrish retired from the firm. On that date the balance Sheet of the firm was as follows: 2.32K viewsAnurag Pathak Changed status to publish April 14, 2025DK Goel Retirement of a partner « Previous 1 2 3 4 5 … 175 176 Next » Question and answer is powered by anspress.net
