Arun, Tarun and Varun share profits in the ratio of 2 : 2 : 1. On 31.12.2022 their Balance Sheet was as follows:
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Sanjay and Sameer were partners in a firm sharing profits in the ratio of 2 : 3. On 31.3.2023 their Balance Sheet was as follows:
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The following was the Balance Sheet of Fox and Wolf as at 31st March, 2024, when they decided to dissolve the firm:
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A and B dissolve their partnership Their position as at 31st March, 2024 was as follows: A’s Capital – ₹ 60,000 B’s Capital – ₹ 40,000 Sundry Creditors – ₹ 25,000 Cash at Bank – ₹ 2,000
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The partnership between X and Y was dissolved on March 31, 2022. On that date their respective credits to the Capitals were ₹ 1,50,000 and ₹ 10,000. ₹ 1,20,000 were due to creditors
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A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. On 1-4-2022 they decided to dissolve the firm. On that date A’s Capital was ₹ 2,00,000, B’s Capital was ₹ 10,000 (Dr.) and C’s Capital was ₹ 25,000 (Dr.)
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The following is the Balance Sheet of X and Y as at 30th June, 2022. Sundry Creditors ₹ 20,000 Bills Payable ₹ 20,000
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A, B and C are in partnership sharing profits and losses in the proportions of 1/2, 1/3 and 1/6 respectively. On 31st January, 2024 they decide to dissolve the partnership, and the position of the firm on this date is represented by the following Balance Sheet
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Srijan, Raman and Manan were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 31st March, 2017 their Balance Sheet was as follows:
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Michael, Jackson and John were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 31st March, 2017, they decided to dissolve their firm. On that date their Balance Sheet was as follows:
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