Ajay, Salil and Ravi were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Ajay died on 20th February 2023. The Balance Sheet of the firm on that date was as follows:
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Arun, Bhim and Nakul are partners in a firm sharing profits in the ratio of 1 : 1 : 3. Their Capital Accounts showed the following balances on 1st April, 2020:
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X, Y and Z were partners in a firm sharing profits in the ratio of 2 : 2 : 1. On 31st March, 2022, their Balance Sheet was as follows:
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The Balance Sheet of X, Y and Z as at 31st March, 2023 was:
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The Balance Sheet of A, B and C who were sharing profits in the ratio of 3 : 3 : 4 as at 31st March, 2019 was as follows:
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On 31st March, 2014, the Balance Sheet of Pooja, Qureshi and Ross, who were partners in a firm was as under:
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Shirish, Harit and Asha were partners in a firm sharing profits in the ratio of 5 : 4 : 1. Shirish died on 30th June, 2018. On this date, their Balance Sheet was follows:
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X and Y are partners. The Partnership Deed provides inter alia:
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The Balance Sheet of Sadhu, Raja and Karan who were sharing profits in the ratio of 4 : 2 : 4 as at 31st March, 2023 was as follows:
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Karim, Saleem and Raheem were partners in a firm sharing profits and losses in the ratio of 3 : 4 : 3. The firm closes its books on 31st March every year.
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