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Category Accountancy Class 12th

Accountancy Class 12th 870 Questions

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Amar and Nimrat are partners in a firm, Amar withdraws ₹ 5,000 in the beginning of the month starting from 1st April, 2023 for 6 months

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Ranjan and Pankaj are partners having balances in current accounts as on 1st April, 2023 as Ranjan ₹ 3,00,000 and Pankaj as ₹ 2,00,000 (Debit)

19 viewsAnurag Pathak Changed status to publish 17 hours ago[ISC] Fundamentals of Partnership

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Amrik and Avtar are partners having capitals as on 1st April, 2023 as Amrik – ₹ 2,40,000 and Avtar as ₹ 1,20,000 (Debit). On 1st September

23 viewsAnurag Pathak Changed status to publish 17 hours ago[ISC] Fundamentals of Partnership

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Nimrat and Deep are partners having capitals as on 1st April, 2023 as Nimrat – ₹ 4,80,000 and Deep as ₹ 1,00,000 (Debit)

25 viewsAnurag Pathak Changed status to publish 18 hours ago[ISC] Fundamentals of Partnership

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From the following Balance Sheet of Sujata and Swati, Calculate interest on capital @ 5% p.a. for the year ended 31st March 2023:

1.57K viewsAnurag Pathak Changed status to publish 1 day ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

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Arun and Barun started business on 1st April, 2023. From the following Balance Sheet of Arun and Barun and Additional information, Calculate interest on capital @ 6% p.a

28 viewsAnurag Pathak Changed status to publish 1 day ago[ISC] Fundamentals of Partnership

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Karman, Harman and Shravan were sharing profits and losses in the ratio of 5 : 3 : 2. They introduced capitals in their profit sharing ratio

33 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Kashish, Amit and Kaushal started a firm on 1st October, 2024 sharing profits and losses in the ratio of 3 : 2 : 1. They introduced capitals in their profit sharing ratio

25 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Chirag and Ashish were partners sharing profits in the ratio of 3 : 2. Their capitals as on 1st April, 2023 were ₹ 5,00,000 and ₹ 4,00,000 respectively

30 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Pass the Journal entries in the books of G & Co, for the following Firm took property of Amrit, a partner at a monthly rent of ₹ 20,000 w.e.f 1st June

33 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Kashish and Harish are partners in a firm sharing profits in the ratio of 3 : 2 with capitals of ₹ 5,00,000 each. Kashish was given loan of ₹ 2,00,000 on 1st October

25 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Kabir, Krish and Harsh are partners in a firm. Kabir and Harsh had opening credit balance in their Loan Accounts of ₹ 4,80,000 each

23 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Yogesh, Naresh and Mahesh are partners sharing profits and losses equally. Yogesh and Mahesh had opening credit balance in their Loan Accounts of ₹ 3,00,000 each

23 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Puneet and Sahil are partners sharing profits and losses equally. They had opening credit balance in their Loan Accounts of ₹ 9,00,000 each

20 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Raman and Pawan are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively

28 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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Chandan and Gurman are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively

21 viewsAnurag Pathak Changed status to publish 2 days ago[ISC] Fundamentals of Partnership

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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

2.92K viewsAnurag Pathak Changed status to publish 4 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

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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.

1.76K viewsAnurag Pathak Changed status to publish 4 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

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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

2.51K viewsAnurag Pathak Changed status to publish 4 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

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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:

2.30K viewsAnurag Pathak Changed status to publish 4 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

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