Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Ajay, Vijay and Sanjay are partners in a firm sharing profits and losses in the ratio of 5 : 4 : 3. Vijay retires. After making all adjustments relating to revolution, goodwill and accumulated profits 9 viewsAnurag Pathak Answered question 3 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans The Balance Sheet of X, Y and Z who were sharing profit in proportion of capitals is as follows: Sundry Creditors ₹ 7,000 43 viewsAnurag Pathak Changed status to publish 3 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R are partners in a firm. Q retires and his claim including his capital and his share of goodwill is ₹ 8,00,000. There was an unrecorded furniture valued at ₹ 60,000 22 viewsAnurag Pathak Answered question 3 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Piu and Nina are partners in a firm sharing profits and losses in the ratio of 3 : 1 respectively. Nina retires and her claim, including her capital and entitlements 20 viewsAnurag Pathak Answered question 3 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans On 31st March, 2022 the Balance Sheet of M/s A, B and C sharing profits and losses in proportion to their fixed Capitals stood as follows: 32 viewsAnurag Pathak Answered question 3 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are in partnership sharing profits in the ratio of 3 : 2 : 1. On 28th February, 2023 C retires from the firm. Their Balance Sheet on this date was as follows: 31 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z were partners in a firm sharing profits in 5 : 3 : 2 ratio. On 31st March, 2023 Z retired from the firm. On the date of Z’s retirement the Balance Sheet of the firm was as follows: 29 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Following is the Balance Sheet of X, Y and Z as at 31st March, 2022. They share profits in the ratio of 3 : 3 : 2. 22 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Sameer, Yasmin and Saloni were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 3. On 31.3.2016, their Balance Sheet was as follows: 19 viewsAnurag Pathak Changed status to publish 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Anita, Gaurav and Sonu were partners in a firm sharing profits and losses in proportion to their capitals. Their Balance Sheet as at 31st March, 2019 was as follows: 21 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans Manoj, Naveen and Deepak were partners sharing profits and losses in the ratio of 4 : 3 : 2. As at 1st April 2022, their Balance Sheet was as follows: 32 viewsAnurag Pathak Changed status to publish 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 2 : 3 : 5. On 31-3-2024 their Balance Sheet was as follows: 34 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners in a firm sharing profits and losses equally. The balance Sheet of the firm as at 31st March, 2023 stood as follows: 44 viewsAnurag Pathak Changed status to publish 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 5 : 3 : 2. C retires and A and B agree to share future profits in the ratio of 6 : 4 37 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retires and new profit sharing ratio is agreed at 3 : 1 42 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. A retries and the new ratio between B and C is agreed at 3 : 2. Give journal entries on A’s retirement in the following case: 29 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 4 : 3 : 2 : 2. C retires and the remaining partners decided to share future profits in 5 : 3 : 2 36 viewsAnurag Pathak Answered question 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 1 : 2 : 3 : 4. D retires and his share in taken up by A and B equally. Goodwill was valued at 3 year’s purchase of average profits which were ₹ 20,000 38 viewsAnurag Pathak Changed status to publish 4 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits and losses in the ratio of 5 : 3 : 2. Following was their Balance Sheet as at 31st March, 2023: 37 viewsAnurag Pathak Changed status to publish 5 hours agoDK Goel Retirement of a partner 0 Votes 1 Ans On 1st April, 2023, a partnership firm had assets of ₹ 2,00,000 including cash of ₹ 6,000 and bank balance of ₹ 14,000 64 viewsAnurag Pathak Answered question 20 hours agoGoodwill 0 Votes 1 Ans Reema and Seema are partners sharing profits equally. The Partnership Deed provides that both Reema and Seema will get a monthly salary of ₹ 15,000 each 4.94K viewsAnurag Pathak Changed status to publish 2 days ago[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Pranav, Karan and Rahim were partners sharing profits in the ratio of 3 : 2 : 1. Their capitals were ₹ 5,00,00, ₹ 3,00,000, and ₹ 2,00,000 respectively 9.88K viewsAnurag Pathak Changed status to publish 3 days ago[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans State, giving reason, whether the Current Ratio will improve or decline or will have no effect in each of the following transactions if Current Ratio is 2 : 1. 88 viewsAnurag Pathak Changed status to publish 4 days agoAccounting Ratios 0 Votes 1 Ans Calculate Current Ratio from the following information Equity Share Capital 8,00,000 Inventories 1,00,000 96 viewsAnurag Pathak Answered question 4 days agoAccounting Ratios 0 Votes 0 Ans Soham, Ashish, Vidhesh and Rashi were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. with effect from 1st April, 2023, they decided to share profits and losses in the ratio of 2 : 1 : 1 : 1 83 viewsAnurag Pathak Changed status to publish 5 days agoChange in Profit Sharing Ratio 1 2 3 … 171 172 Next » Question and answer is powered by anspress.net
