Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Ashish and Naresh are equal partners. The balances of their Capital Accounts as at 1st April 2022 were: Ashish – ₹ 30,000 and Naresh – ₹ 20,000. The Partnership Deed provides for the following: 4.05K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Arti, Bharti, and Kirti are partners sharing profits and losses in the proportion of Arti 1/2, Bharti 3/10, Kirti 1/5 after providing for the interest @ 5% p.a 4.31K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans On 1st April 2022, Lal, Bal, and Pal enter into a partnership contributing ₹ 2,50,000; ₹ 1,30,000, and ₹ 1,20,000 respectively, and sharing profits and losses in the ratio of 5 : 3: 2 3.64K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ankit and Bimla are partners sharing profits in the ratio of 3 : 2 with capitals of ₹ 50,000 and ₹ 30,000 respectively. Interest on capital is agreed @ 6% p.a 3.80K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Anju, Manju, and Sanjay are in partnership with capitals as on 1st April 2022 of ₹ 4,80,000 (credit), ₹ 4,00,000 (credit), and ₹ 32,000 (Debit) respectively. They share profits in the ratio of 2 : 1 : 1 5.14K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Sudha, Shakti, and Savita are partners sharing profits and losses in the proportion of 2/5 : 1/5. Sudha draws ₹ 12,000 every month 5.72K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Anil and Bindoo are partners sharing profits and losses in the ratio of 3 : 1. On 1st April 2022, their capitals were 3.48K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Shashi, Santosh, and Shanta are in partnership, and as at 1st April 2022, their respective capitals were: ₹ 40,000, ₹ 30,000, and ₹ 30,000 4.28K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Yogi and Hari are in partnership sharing profits and losses in the ratio of 3 : 1. On 1st April 2021, their capitals were ₹ 2,00,000 and ₹ 1,80,000. The terms of their partnership are as follows: 5.77K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Show how the following will be shown in the Capital Accounts of the partner’s John and Mathew when their capitals are fluctuating: 1.89K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Abhay, Amit, and Ankit are partners in a firm sharing profits in the ratio of 2 : 2 : 1. Fixed Capitals as on 1st April 2022 of the partners were: 2.88K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Simran and Puneet are partners sharing profits equally. Their capitals as at 1st April 2022 stood at ₹ 5,00,000 and ₹ 4,00,000 respectively 3.27K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Akriti, Bhawna, Charu, and Deeksha are partners sharing profits as 4 : 3 : 2 :1. They earned a profit of ₹ 1,80,000 for the year ended 31st March 2023 2.79K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Mina, Shina, and Tina are in partnership and during the year ended 31st March 2023 earn a profit of ₹ 1,04,000. Mina and Shina are to get 5% p.a. interest on their capitals of ₹ 1,20,000 and ₹ 2,00,000 respectively 3.41K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Amar and Anthony are partners in a firm. Amar is entitled to a salary of ₹ 20,000 per month and a commission of 10% of the net profit before charging any commission 4.24K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Harish, Paresh, and Ramesh are partners and withdrew ₹ 12,000 per month on regular basis for the first six months of the financial year. Harish withdrew at the beginning of the month 2.37K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate the interest on Amar’s drawings @ 5% if he withdrew ₹ 5,00,000 during the year. 2.87K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate the interest on drawings of Raj @ 5% p.a. for the year ended 31st March 2023 in each of the following alternatives cases 2.45K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Akshay and Rajesh are partners sharing profits and losses equally with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Their drawings during the year are: Akshya’s drawings on: 3.28K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Gian, Rajat, and Bishan are partners sharing profits equally. Gian drew regularly ₹ 10,000 in the beginning of every month for six months 30th September 4.64K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate interest on the drawings of Mahesh @ 5% p.a. for the year ended 31st March 2023 in each of the following alternatives cases: 2.68K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans A partner makes drawings of ₹ 2,500 per month. As per the Partnership Deed, interest is to be charged @ 6% p.a. What is the interest that would be charged to the partner if the drawings are made: 2.04K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ram and Shyam are partners sharing profits equally. Ram drew regularly ₹ 4,000 at the end of every month starting from 31st October 2022 for six months ending 31st March 2.95K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Veeru and Jai are partners sharing profits equally. Veeru drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September 3.55K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Prem and Priya, two partners draw for their personal use ₹ 60,000 and ₹ 40,000 respectively. Interest is chargeable @ 6% p.a. on the drawings 2.15K viewsAnurag Pathak Changed status to publish April 20, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th « Previous 1 2 … 40 41 42 43 44 … 173 174 Next » Question and answer is powered by anspress.net
