From the following, Calculate Current Ratio: Trade Receivables (Sundry Debtors) 7,20,000
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P, Q and R are partners sharing profits and losses in the ratio of 3 : 3 : 2. Their respective capitals are in their profit-sharing proportions. On 1st April, 2022, the total capital of the firm and balance of General Reserve are ₹ 80,00 and ₹ 20,000 respectively.
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X and Y were partners sharing profits and losses in the ratio of 3 : 2. They decided to dissolve the firm on 31st March 2023.
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The partnership between A and B was dissolved on 31st March, 2023. On that date the respective credits to the capitals were A – ₹ 1,70,000 and B – ₹ 30,000.
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Priya, Komal and Rakhi were in partnership sharing profits and losses in the ratio of 2 : 1 : 1. They decided to dissolve the partnership.
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A, B and C started business on 1st April, 2022 with capitals of ₹ 1,00,000; ₹ 80,000 and ₹ 60,000 respectively sharing profits (losses) in the ratio of 4 : 3 : 3.
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A and B were partners sharing profits and losses as to 7/11th to A and 4/11th to B. They dissolved the partnership on 30th May, 2022.
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A, B and C were partners sharing profits in the ratio of 5 : 3 : 2. On 31st March, 2023, A’s Capital and B’s Capital were ₹ 30,000 and ₹ 20,000 respectively but C owed ₹ 5,000 to the firm.
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There are two partners Angad and Raman in a firm and their capitals are ₹ 50,000 and ₹ 40,000. The creditors are ₹ 30,000. The assets of the firm realise ₹ 1,00,000. How much will Angad and Raman receive?
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Raina and Meenu were partners in a firm which they dissolved on 31st March, 2023. On this date, Balance Sheet of the firm, apart from realisable assets and outside liabilities showed the following:
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