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Category Accountancy Class 12th

Accountancy Class 12th 922 Questions

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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

137 viewsAnurag Pathak Answered question 5 days 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

4.98K viewsAnurag Pathak Changed status to publish 7 days ago[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

9.97K 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.

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

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

127 viewsAnurag Pathak Answered question April 9, 2025Accounting Ratios

0 Votes 1 Ans

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

132 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

151 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

129 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

132 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

144 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

146 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

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

0 Votes 1 Ans

Atul and Gita were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their fixed capitals were ₹ 4,00,000 and ₹ 2,00,000, respectively

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

0 Votes 1 Ans

Neeraj and Surya are partners sharing profits and losses in the ratio of 2 : 1. Their capitals are ₹ 4,00,000 and ₹ 2,00,000 respectively

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

0 Votes 1 Ans

Sumit and Namit are partners sharing profits in the ratio of 3 : 2. They contribute ₹ 1,00,000 and ₹ 50,000 respectively towards capital. Compute interest on capital and show distribution of profit in the following cases:

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

0 Votes 1 Ans

Vinod and Mohan are partners sharing profits and losses in the ratio of 4 : 3. From the following Balance sheet, Calculate interest on Capital @ 6% p.a

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

0 Votes 1 Ans

X and Y share profits in the ratio of 5 : 3. Their Balance Sheet as at 31st March, 2023 was:

6.46K viewsAnurag Pathak Changed status to publish January 23, 2025[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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A, B and C were partners in a firm. A died on 31st March, 2018 and the Balance Sheet of the firm on that date was as under:

8.51K viewsAnurag Pathak Changed status to publish January 23, 2025[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

From the following information, prepare a Common-Size Balance Sheet Share Capital ₹ 32,00,000 Reserve and Surplus ₹ 8,00,000

453 viewsAnurag Pathak Changed status to publish January 14, 2025[CBSE] Comparative and Common Size Statement

0 Votes 0 Ans

Prepare Common-Size Balance Sheet and comment on the financial position of Sun Ltd. and Star Ltd. The Balance Sheets of Sun Ltd. and Star Ltd. as at 31st March, 2024 are:

350 viewsAnurag Pathak Changed status to publish January 14, 2025[CBSE] Comparative and Common Size Statement

0 Votes 1 Ans

From the following information, prepare a Common-Size Balance Sheet Shareholder’s Funds ₹ 5,40,000

450 viewsAnurag Pathak Answered question January 14, 2025[CBSE] Comparative and Common Size Statement

0 Votes 1 Ans

Prepare Common-Size Statement of Profit & Loss from the following Statement of Profit & Loss Revenue from Operations (Net Sales) ₹ 14,00,000

563 viewsAnurag Pathak Changed status to publish January 14, 2025[CBSE] Comparative and Common Size Statement

0 Votes 1 Ans

Prepare Common-Size Statement of Profit & Loss from the following Statement of Profit & Loss Revenue from Operations ₹ 15,00,000

440 viewsAnurag Pathak Changed status to publish January 14, 2025[CBSE] Comparative and Common Size Statement

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