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Accountancy Class 12th

Accountancy Class 12th 921 Questions

41 Sub Categories

0 Votes 1 Ans

A, B and C were partners, sharing profits and losses in the ratio of 2 : 2 : 1. B retired on 31st March, 2023. on the date of his retirement, some of the assets and liabilities appeared in the books as follows: Creditors ₹ 70,000; Building ₹ 1,00,000; Plant and Machinery ₹ 40,000; Stock of Raw Materials ₹ 20,000; Stock of Finished Goods ₹ 30,000 and Debtors ₹ 20,000.

8.29K viewsAnurag Pathak Changed status to publish June 13, 2025[CBSE] TS Grewal Solutions Accountancy Class 12th Retirement of Partner

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Ankit, Bhanu, and Charu are partners in a firm sharing profits and losses equally with a capital of ₹ 2,50,000

11.24K viewsAnurag Pathak Changed status to publish May 15, 2025[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Parul, Paresh, and Rahul are partners in a firm. The firm gave a loan to Rahul on 1st February 2022 of ₹ 6,00,000

10.79K viewsAnurag Pathak Changed status to publish May 7, 2025[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Atul, Jetha, and Tarak are partners sharing profits equally. Jetha was given a loan by the firm on 1st July 2022 of ₹ 6,00,000

9.72K viewsAnurag Pathak Changed status to publish May 6, 2025[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively

6.56K viewsAnurag Pathak Changed status to publish April 27, 2025[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2. They had given a loan to the firm of ₹ 30,000

5.76K viewsAnurag Pathak Changed status to publish April 26, 2025[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Harshad and Dhiman are in partnership since April 01, 2019, No Partnership agreement was made

2.53K viewsAnurag Pathak Changed status to publish April 26, 2025[NCERT] Fundamentals

0 Votes 1 Ans

Barun, Tarun, and Shivam are partners in a firm and do not have a partnership Deed. Barun introduced further capital of ₹ 5,00,000 on 1st October 2022. Whereas Shivam took a loan of ₹ 50,000 from the firm on 1st October 2022. Disputes have arisen among them on the following:

5.07K viewsAnurag Pathak Changed status to publish April 26, 2025[CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

The following difference has arisen among P, Q, and R. State who is correct in each case:

3.75K viewsAnurag Pathak Changed status to publish April 25, 2025[CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Mahesh, Ramesh, and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the Business, they faced the following problems:

3.67K viewsAnurag Pathak Changed status to publish April 25, 2025[CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

In The absence of a Partnership Deed, State the provisions of the Partnership Act, 1932 relating to:

3.49K viewsAnurag Pathak Changed status to publish April 25, 2025[CBSE] TS Grewal Solutions Accountancy Class 12th

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

2.33K viewsAnurag Pathak Answered question April 12, 2025Goodwill

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

7.52K viewsAnurag Pathak Changed status to publish April 11, 2025[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy 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

12.89K viewsAnurag Pathak Changed status to publish April 10, 2025[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy 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.

2.01K viewsAnurag Pathak Changed status to publish April 9, 2025Accounting Ratios

0 Votes 1 Ans

Calculate Current Ratio from the following information Equity Share Capital 8,00,000 Inventories 1,00,000

1.82K viewsAnurag Pathak Answered question April 9, 2025Accounting Ratios

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X, Y and Z are partners sharing profits equally. They decided that in future Z will get 1/5th share in profits. On the day of change, firm’s goodwill is valued at ₹ 30,000

2.08K viewsAnurag Pathak Answered question April 8, 2025Goodwill

0 Votes 1 Ans

Rohit and Hardik are partners sharing profits and losses equally. They decided to admit Surya as a partner for 1/3 share. For this purpose, the goodwill of the firm is to be valued

2.06K viewsAnurag Pathak Answered question April 8, 2025Goodwill

0 Votes 1 Ans

Amit and Kartik are partners sharing profits and losses equally. They decided to admit Saurabh for an equal share in the profits. For this purpose, the goodwill of the firm was to be valued at four years’ purchase of super profits

1.70K viewsAnurag Pathak Changed status to publish April 8, 2025Goodwill

0 Votes 1 Ans

Sakshi and Megha were partners sharing profits and losses in the ratio of 3 : 1. Capital Employed as on 31st March, 2024 was ₹ 14,00,000

1.74K viewsAnurag Pathak Answered question April 8, 2025Goodwill

0 Votes 1 Ans

Anand, Ridhi, and Shyam were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their fixed capitals were ₹ 1,00,000, 60,000, and 40,000, respectively

2.27K viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm

0 Votes 1 Ans

On 31st March, 2023, the capitals of Raghav and Diya stood at ₹ 4,00,000 and ₹ 3,00,000 respectively, after the necessary adjustment in respect of

2.26K viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm

0 Votes 1 Ans

Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Their fixed capitals were: ₹ 2,00,000; ₹ 1,00,000 and ₹ 1,00,000 respectively

2.53K viewsAnurag Pathak Answered question April 5, 2025[CBSE] Fundamentals of Partnership Firm

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