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
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Harshad and Dhiman are in partnership since April 01, 2019, No Partnership agreement was made
Solution:- Solution:- Video Solution Link Watch Video Solution Click Here Harshad Claims i) In the absence of a partnership deed. provisions of the Indian Partnership Act 1932 are applied. No interest on capital is provided and interest on a loan…
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:
Solution:- Solution:- Video Solution Link Watch Video Solution of this Question Click Here a) In the case of the absence of a Partnership deed. Provisions of the Indian partnership Act 1932 would apply. No interest on capital would be allowed.…
The following difference has arisen among P, Q, and R. State who is correct in each case:
Solution:- Here is the solution of it. Video Solution Link Watch Video Solution of this Question Click Here a) If any partner uses the money of the firm and earned a profit. He has to pay back the used money…
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:
Solution:- Video Solution Link Video Solution of the given question Click Here a) In the absence of a partnership deed. provisions of the Indian Partnership Act 1932 would apply. no interest on the partner’s capital would be allowed. Ramesh and…
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:
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Kanika, Disha and Kabir were partners sharing profits in the ratio 2 : 1 : 1. On 31-3-2016, their Balance sheet was as under:
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Kavya, Manya and Navita were partners sharing profits as 50%, 30% and 20% respectively. On 31-3-2016, their Balance sheet was as under:
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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:
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X, Y and Z are in partnership sharing profits in the proportion of 3 : 2 : 1. There is no goodwill A/c in the books of the firm. As from 1st April, 2023, it was agreed that X should give only part of time
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