Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Lata and Mamta are partners with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively sharing profits as Lata 70% and Mamta 20%. During the year ended 31st March 2024 they earned a profit of ₹ 2,26,440 before allowing interest on partner’s loan 1.50K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Aru and Esha are partners sharing profits equally. Esha had given loan of ₹ 4,00,000 to the firm on 1st October 2023 and it was agreed that interest will be paid @ 9% p.a 1.47K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans A, B and C were partners in a firm having capitals of ₹ 2,00,000; ₹ 2,00,000 and ₹ 80,000 respectively on 1st April, 2022. Their Current Account balances were A : ₹ 20,000; B : ₹ 10,000 and C : ₹ 5,000 (Dr.) 2.07K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans A, B and C entered into partnership on 1st April 2022 with capitals of ₹ 10,00,000, ₹ 8,00,000 and ₹ 5,00,000 respectively. On 1st July 2022, B advanced ₹ 2,00,000 and on 1st December 2022 C advanced ₹ 1,00,000 by way of loans to the firm 2.20K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans A, B and C were partners in a firm having capitals of ₹ 1,00,000; ₹ 1,00,000 and ₹ 2,00,000 respectively. According to the partnership deed the partners were entitled to interest on capital @ 6% p.a 1.56K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Y and Z are partners with capitals of ₹ 2,50,000 and ₹ 1,50,000 respectively on 1st April, 2023. Each partner is entitled to 9% p.a. interest on his capital. Z is entitled to a salary of ₹ 60,000 p.a. together with a commission of 6% of Net Profit after charging his commission 1.87K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans X, Y and Z are partners with capitals of ₹ 4,00,000; ₹ 3,00,000 and ₹ 2,00,000 respectively. They charge 8% p.a. interest on their capitals are divide the profits in the ratio of 3 : 2 : 1 1.29K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans A and B are partners in a firm sharing profits or losses in the ratio of 2 : 3 with capitals of ₹ 4,00,000 and ₹ 8,00,000 respectively on 1st April, 2023. Each partner is entitled to 10% p.a 2.20K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Asha and Lata are partners sharing profits in the ratio of 1 : 2. Asha is entitled to a salary of ₹ 2,00,000 p.a. and a commission of 8% of net profit before charging any commission 1.83K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans X and Y are partners with capitals of ₹ 1,00,000 and ₹ 80,000 respectively on 1st April, 2022 and their profit sharing ratio is 2 : 1. Interest on capital is agreed @ 12% pa 1.92K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Anubha and Kajal entered into partnership sharing profits and losses in the ratio of 2 : 1. Their Capitals were ₹ 90,000 and ₹ 60,000. The profit during the year were ₹ 45,000 1.06K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans On 1st April, 2023 A and B commenced business with Capitals of ₹ 6,00,000 and ₹ 2,00,000 respectively. On 31st March, 2024 the net profit (before taking into account the provisions of deed) was ₹ 2,40,000 1.72K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Girish and Satish are partners in a firm. Their Capitals on April 1, 2023 were ₹ 5,60,000 and ₹ 4,75,000 respectively. On August 1, 2023 they decided that their Capitals should be ₹ 5,00,000 each 1.17K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans X and Y are partners sharing profits in the ratio of 2 : 1. The undermentioned trial balance was extracted from their books as at 31st March, 2024: 2.20K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Raman and Daman are partners sharing profits in the ratio of 60 : 40 and for the last four years they have been getting annual salaries of ₹ 50,000 and ₹ 40,000 respectively 1.71K viewsAnurag Pathak Changed status to publish June 11, 2024[ISC] Goodwill[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Read the following hypothetical text and answer the given questions on its basis. Profit for the year ended 31st March, 2023 of iPay (a payment processing start up) was ₹ 15,00,000 after accounting the following 1.75K viewsAnurag Pathak Changed status to publish June 11, 2024Cash Flow Statement 0 Votes 1 Ans Tejvir started business with cash ₹ 5,00,000. Pass Journal entries for the following transactions: 5.54K viewsAnurag Pathak Changed status to publish June 11, 2024JournalTS Grewal Class 11 0 Votes 1 Ans Pradeep and Paresh partners in a firm decided to dissolve their partnership firm on 1st April, 2024. Pradeep was deputed to realise the assets and to pay off the liabilities 2.68K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Dissolution of Partner 0 Votes 1 Ans C, D and E were partners in a firm sharing profits in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st March, 2022 was as follows 1.97K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Death of Partner 0 Votes 1 Ans Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance sheet as at 31s March 3.65K viewsAnurag Pathak Changed status to publish June 10, 2024[CBSE] Death of Partner 0 Votes 1 Ans Pass necessary Journal entries for the following transactions, on the dissolution of a partnership firm of Kavita and Suman on 31st March, 2022, after the various assets (other than cash) and third party liabilities have been transferred to Realisation Account 1.33K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Dissolution of Partner 0 Votes 1 Ans Ramesh, Suresh and Dinesh were partners sharing profits and losses in the ratio of 3 : 2 : 1. Dinesh died on 1st May, 2023 on which date the capitals of Ramesh 1.98K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Death of Partner 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 3 : 2 : 1. P dies and the new profit sharing ratio of Q and R was agreed to be equal 4.84K viewsAnurag Pathak Changed status to publish June 9, 2024[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Shweta, Meenu and Asha were partners in a firm sharing profits and losses in the ratio of 3 : 5 : 2. Meenu retired on 1st April, 2022. After making all adjustments relating to revaluation, goodwill and accumulated profits 1.93K viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner 0 Votes 1 Ans Ashish and Vishesh were partners sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2022 was as under: 1.40K viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner « Previous 1 2 … 32 33 34 35 36 … 173 174 Next » Question and answer is powered by anspress.net
