Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 0 Ans A and B were partners in a firm sharing profits in 3 : 2 ratio. They admitted C for 3/7 share which he took 2/7 from A and 1/7 from B. Calculate new profit sharing ratio? 1.36K viewsAnurag Pathak Changed status to publish August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A, B and C are partners sharing profits in 3 : 2 : 2 ratio. They admitted D as a new partner for 1/5 share which he acquired from A, B and C in 2 : 2 : 1 ratio respectively. Calculate new profit sharing ratio? 1.59K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans P and Q are partners sharing profits in 2 : 1 ratio. They admitted R into partnership giving him 1/5 share which he acquired from P and Q in 1 : 2 ratio. Calculate new profit sharing ratio? 1.61K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A, B and C are partners sharing profits in 2 : 2 : 1 ratio admitted D for 1/8 share which he acquired entirely from A. Calculate new profit sharing ratio? 1.77K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans X and Y are partners sharing profits in 5 : 3 ratio admitted Z for 1/10 share which he acquired equally for X and Y. Calculate new profit sharing ratio? 1.62K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A B C were partners in a firm sharing profits in 3 : 2 : 1 ratio. They admitted D for 10% profits. Calculate the new profit sharing ratio? 1.70K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C into the partnership with 1/6 share in the profits. Calculate the new profit sharing ratio? 1.57K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. From 1st April, 2018 they decided to share future profits and loose in the ratio of 2 : 5 : 3 1.71K viewsAnurag Pathak Changed status to publish August 7, 2024Accountancy Class 12th 0 Votes 1 Ans Dinesh, Ramesh and Suresh are partners in a firm sharing profits and losses in the ratio of 3 : 3 : 2. From 1st April, 2018 they decided to share the future profits equally 2.01K viewsAnurag Pathak Changed status to publish August 7, 2024Accountancy Class 12th 0 Votes 1 Ans The following is the balance sheet of a firm as at 31st March, 2023 Capitals Accounts A ₹ 4,00,000 B ₹ 4,00,000 C ₹ 3,00,000 D ₹ 3,00,000. 1.73K viewsAnurag Pathak Changed status to publish August 7, 2024Accountancy Class 12th 0 Votes 1 Ans X, Y and Z are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their position as at 31st March 2023 was as follows: 2.11K viewsAnurag Pathak Changed status to publish August 7, 2024Accountancy Class 12th 0 Votes 1 Ans L, M and N were partners in a firm sharing profits in the ratio of 2 : 3 : 5. From 1st April, 2018 they decided to share the profits in the ratio of 1 : 2 : 2 1.93K viewsAnurag Pathak Answered question August 6, 2024Accountancy Class 12th 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 1 : 3 : 2. They decided that with effect from 1st April, 2024, they will share profits in the ratio of 4 : 6 : 5 1.80K viewsAnurag Pathak Answered question August 6, 2024Accountancy Class 12th 0 Votes 1 Ans A and B have been carrying on business in partnership with fixed capitals of ₹ 2,40,000 and ₹ 1,20,000 respectively and sharing profits in the same proportion 1.56K viewsAnurag Pathak Answered question August 6, 2024Accountancy Class 12th 0 Votes 1 Ans P, Q and R are partners sharing profits and losses in the ratio of 5 : 3 : 2. From 1st April, 2024, they decide to share profits and losses in equal proportions 1.97K viewsAnurag Pathak Answered question August 6, 2024Accountancy Class 12th 0 Votes 1 Ans Charu and Dinesh have been sharing profits in the ratio of 3 : 1. The net profits for the past four years have been ₹ 60,000; ₹ 50,000; ₹ 90,000 and ₹ 1,20,000 respectively 1.79K viewsAnurag Pathak Answered question August 6, 2024Accountancy Class 12th 0 Votes 1 Ans X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 1. It is now agreed that they will share future profits in the ratio of 3 : 3 : 4. Goodwill is valued at ₹ 1,00,000 1.64K viewsAnurag Pathak Answered question August 6, 2024Accountancy Class 12th 0 Votes 1 Ans The following information relates to a partnership firm: (a) Sundry Assets of the firm ₹ 6,80,000. Outside Liabilities ₹ 60,000. 1.60K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th 0 Votes 1 Ans Average profit of the firm is ₹ 3,00,000. Total assets of the firm are ₹ 24,00,000 whereas Partner’s Capital is ₹ 20,00,000. If normal rate of return in a similar business is 12% of the capital employed 1.83K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th 0 Votes 1 Ans A partnership firm earned net profits during the last three years as follows: 2021 – 22 ₹ 1,90,000 2022 – 23 ₹ 2,20,000 1.90K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th 0 Votes 1 Ans Yash and Karan were partners in an interior designer firm. Their fixed capitals were ₹ 6,00,000 and ₹ 4,00,000 respectively. There were credit balances in their current accounts of ₹ 4,00,000 and ₹ 5,00,000 respectively 1.90K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th 0 Votes 1 Ans An existing firm had assets of ₹ 4,00,000 including cash of ₹ 15,000. Its creditors amounted to ₹ 20,000 on that date. The partner’s capital accounts showed a balance of ₹ 3,00,000 and reserves amounted to ₹ 80,000 1.71K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th 0 Votes 1 Ans A firm earns a profit of ₹ 37,000 per year. In the same business a 10% return is generally expected. The total assets of the firm are ₹ 4,00,000. The value of outside liabilities is ₹ 90,000 1.87K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th 0 Votes 1 Ans Calculate the value of goodwill at 2 year’s purchase of the average profits of the last 3 years. The profit for the first year was ₹ 50,000, for second year twice the profit of first year and for the third year one and half times the profit of the second year 1.87K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th 0 Votes 1 Ans Calculate the value of goodwill as on 1st April, 2024, on the basis of 2 and 1/2 year’s purchase of the average profits of the last five years. The profits and losses for the years ending 31st March were: 2019 ₹ 80,000; 2020 ₹ 1,00,000; 2021 Loss ₹ 30,000; 2022 ₹ 1,70,000; 2023 ₹ 1,60,000 and 2024 ₹ 1,80,000 1.80K viewsAnurag Pathak Answered question August 5, 2024Accountancy Class 12th « Previous 1 2 … 29 30 31 32 33 … 175 176 Next » Question and answer is powered by anspress.net
