Nitin and Lokesh are partners in a firm sharing profits and losses in the ratio of 60 : 40. Their Balance Sheet as at 31st March, 2023 was as follows:
Solution:-
Commerce School
Student Community
Archives Answers
Answer
Arup and Rama are partners in a firm sharing profits in 2 : 1. They admitted Santanu for 1/4th share in profits on 1st April, 2023, Santanu was to bring ₹ 30,000 as capital and capital of Arup and Rama were to be adjusted in the profit sharing ratio on the basis of santanu’s capital. The Balance Sheet of Arup and Rama as at 31st March, 2023 (before Santanu’s admission) was as follows:
Solution:-
Following is the Balance Sheet of Suman and Palak, who had been sharing profits in proportion of 3/4th and 1/4th, as at 31st March, 2023:
Solution:-
Bikash, Somen and Raj are partners sharing profits and losses in the ratio of 2 : 3 : 5. On 31st March, 2023, their Balance Sheet was as follows:
Solution:-
Avijit and Binay are in partnership sharing profits and losses in the ratio of 3 : 2. The capitals of Avijit and Binay after adjustments are ₹ 2,40,000 and ₹ 1,80,000 respectively.
Solution:-
Gaurav and Dinesh were carrying on business in partnership sharing profits and losses in the ratio of 3 : 2. On 31st March, 2023, their Balance Sheet stood as follows:
Solution:-
Kavita and Arpita are partners in a firm sharing profits and losses in the ratio of 3 : 2. Following is their Balance Sheet as at 31st March, 2023:
Solution:-
Rajesh and Ravi are partners sharing profits in the ratio of 3 : 2. Their Balance Sheet stood as at 31st March, 2023:
Solution:-
Meet and Preet share profits in the proportion of 3/4th and 1/4th. Their Balance Sheet as at 31st March, 2023 was as follows:
Solution:-
Anubhav and Anurag are partners in a firm sharing profits and losses in the ratio of 5 : 3. On 31st March, 2023, their Balance Sheet was as follows:
Solution:-