Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Alex, John, and Sam are partners in a firm. Their capital accounts on 1st April 2015, stood at ₹ 1,00,000; ₹ 80,000, and ₹ 60,000 respectively. Each partner withdrew ₹ 5,000 during the financial year 2.89K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Anup, Babu, and Roop were partners. Their capitals were Anup ₹ 30,000; Babu ₹ 20,000 and Roop ₹ 10,000. According to the Partnership Deed, they were to get interest on capital @ 5% p.a. 1.73K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans The capitals of Madan, Krishna, and Ram as on 31st March 2023 were ₹ 30,000, ₹ 1,10,000, and ₹ 2,20,000 respectively. The profit of ₹ 60,000 for the year 2022-23 was distributed in the ratio of 4 : 1 : 1 after allowing interest on capital @ 10% p.a 2.47K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Shiv and Shankar were partners in a firm sharing profits in 3 : 2 ratio. Their fixed capitals were ₹ 1,70,000 and ₹ 2,10,000 respectively. The Partnership Deed provides for the following: 2.27K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ajit, Harish, and Ganesh were partners in a firm. On 1st April 2022, their capitals stood at ₹ 50,000; ₹ 25,000, and ₹ 25,000 respectively. As per the provisions of the Partnership Deed: 2.14K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Gaurav, Sourav, and Vivian are partners in a firm. Though the Partnership Deed did not provide for interest on capital, Yet it was allowed to the partners @ 5% p.a. for the two years ended on 31st March 2022 and 31st March 2023. 1.96K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Mohan, Vijay, and Anil are partners, the balances of their capital accounts being ₹ 30,000; ₹ 25,000, and ₹ 20,000 respectively 740 viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Roshan, Mahesh, Gopi, and Jai are partners sharing profits and losses in the ratio of 3 : 3 : 2 : 2. The balances of Capital Accounts on 1st April 2015 were: Roshan ₹ 8,00,000, Mahesh ₹ 5,00,000, Gopi ₹ 6,00,000 and Jai ₹ 6,00,000. 2.01K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Anil, Sunil, and Ramesh are partners. Their fixed capitals as on 31st March 2023 were: Anil ₹ 50,000, Sunil ₹ 1,00,000, and Ramesh ₹ 1,50,000. Profit for the year 2022-23 of ₹ 60,000 was credited 1.84K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Hari, Kunal, and Uma are partners sharing profits and losses in the ratio of 3 : 2 : 1. After the final accounts had been prepared, It was noticed that interest on drawings @ 5% p.a. has not been charged 1.67K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Tushar, Kapil, and Ajay are partners. Their fixed capitals as on 31st March 2023 were: Tushar ₹ 5,00,000, Kalil ₹ 10,00,000, and Ajay ₹ 15,00,000. Profit for the year 2022-23 ₹ 6,00,000 was distributed. 2.23K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ram, Mohan and Sohan sharing profits and losses equally have capitals ₹ 1,20,000; ₹ 90,000 and ₹ 60,000. For the year ended 31st March 683 viewsAnurag Pathak Changed status to publish 4 hours ago[CBSE] Fundamentals of Partnership Firm[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Three Chartered Accountants Mohit, Ronit, and Shobhit form a partnership, profits being divisible in the ratio of 3 : 2 : 1 subject to the following: 2.07K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans The partnership agreement of Raman, Daman, and Sharman provides that: (i) Profits will be shared by them in the ratio of 2 : 2 : 1 1.78K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Kamal, Lalit, and Neha were partners sharing profits and losses in the ratio of 3 : 3 : 2. Balances in their capital accounts as on 1st April 2022 stood at ₹ 8,00,000, ₹ 7,00,000 and ₹ 2,00,000 (Dr.) respectively 1.97K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Anchal, Mitesh, and Avichal entered into a partnership on 1st April 2022 and decided to share profits and losses in the ratio of 3 : 2 : 1. Their capitals were ₹ 1,00,000, ₹ 75,000, and ₹ 50,000 respectively. 1.86K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Dhoni, Kohli, and Ishant are partners in the Sports goods business sharing profits and losses in the ratio of 2 : 2 : 1. Ishant is guaranteed a profit of ₹ 5,00,000 per annum by Dhoni and Kohli 1.62K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Cook, Broad, and Prior are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Prior is guaranteed an annual profit of ₹ 1,00,000 by the other partners 1.65K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Sonu, Monu, Parth, and Mala are partners sharing profits and losses in the ratio of 4 : 3 : 2 : 1. Their capitals as at 1st April, 2022 were ₹ 1,80,000; ₹ 1,50,000; ₹ 90,000 and ₹ 60,000 respectively 2.74K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Mita, Rita, and Sandra were partners in a firm, sharing profits and losses in the ratio of 2 : 2 : 1. Mita had personally guaranteed that in any year Sandra’s share of profit, after allowing interest on capital 1.80K viewsAnurag Pathak Changed status to publish 4 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 1 2 … 170 171 Question and answer is powered by anspress.net