Rahul’s Trial Balance as on 31st March, 2025 has following information: Salaries and Wages ₹ 3,30,000
Solution:-
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Following is the extract of Trial Balance as at 31st March, 2025: Wages ₹ 55,000 Additional Information: Wages Outstanding for 1 month.
Solution:- It is a Trading Account, not the Profit & Loss Account. will correct it soon
Closing Stock as at 31st March, 2025, of ₹ 50,000 appears outside the Trial Balance. Accounts are closed on 31st March
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Ashish and Nimish were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2019 their Balance Sheet was as follows:
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X and Y were partners in the profit-sharing ratio of 3 : 2. Their balance sheet as at March 31, 2022 was as follows:
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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:
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Ankit, Bhanu, and Charu are partners in a firm sharing profits and losses equally with a capital of ₹ 2,50,000
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Parul, Paresh, and Rahul are partners in a firm. The firm gave a loan to Rahul on 1st February 2022 of ₹ 6,00,000
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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
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Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively
Solution:- Video Solution Link Watch Video Solution Click Here Note:- Distributable loss can also be written as divisible Loss. Video Solution Link Watch Video Solution Click Here