X and Y are partners in a firm. They share profits and losses in the ratio of 2 : 1. Their Balance Sheet as at 31st March, 2023 stood as under:
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On 31st March 2022, the Balance Sheet of A and B, who were sharing profits in the ratio of 3 : 2 was as follows:
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Mohan and Mahesh were partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2024 they admitted Nusrat as a partner in the firm. The Balance Sheet of Mohan and Mahesh on that date was as under:
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X and Y were partners sharing profits in the ratio of 1 : 2. Their Balance Sheet as at 31st March, 2024 was as follows:
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Nem and Khem sharing profits in the ratio of 3 : 2 admit Prem as a partner with 1/3 share in profits. He had to contribute proportionate capital. They had following financial position
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A and B are partners sharing profits in the ratio of 3 : 1. Their Balance sheet as at 31st March, 2023, was as under:
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A, B and C are partners sharing profits and losses in the ratio of 6 : 3 : 1. Their respective capitals are A ₹ 5,00,000; B ₹ 4,00,000 and C ₹ 2,00,000. They decide to admit D into partnership and the new profit sharing ratio is agreed at 3 : 3 : 3 : 1
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Following is the Balance sheet of X and Y who share profits and looses in the ratio of 3 : 2 as at 31st March, 2022:
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Following figures have been extracted from the books of X and Y who share profit and losses in the ratio of 7 : 3.
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A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. Their respective capitals were A ₹ 3,00,000; B ₹ 2,00,000 and C ₹ 1,80,000. On 1st April, 2024 they admitted D as a new partner
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