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Category Accountancy Class 12th

Accountancy Class 12th 921 Questions

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0 Votes 1 Ans

Ashish and Dutta were partners in a firm sharing profits in 3 : 2 ratio. On Jan. 01, 2015 they admitted Vimal for 1/5 share in the profits. The Balance Sheet of Ashish and Dutta as on March 31, 2016 was as follows

3.30K viewsAnurag Pathak Answered question August 14, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Azad and Babli are partners in a firm sharing profits and losses in the ratio of 2 : 1. Chintan is admitted into the firm with 1/4 share in profits

3.16K viewsAnurag Pathak Changed status to publish August 14, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

The following was the Balance Sheet of Arun, Bablu and Chetan sharing profits and losses in the ratio of 6/14 : 5/14 : 3/14 respectively.

3.77K viewsAnurag Pathak Changed status to publish August 11, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Pinky, Qumar and Roopa partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Seema is admitted as a new partner for 1/4 share in the profits of the firm, which he gets 1/8 from Pinky, and 1/16 each from Qumar and Roopa

3.01K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A and B are partners sharing profits and losses in the ratio of 3 : 1. On 1st April, 2017 they admitted C as a new partner for 1/4 share in the profits of the firm

3.41K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A and B share profits in the proportions of 3/4 and 1/4. Their Balance Sheet on March 31, 2016 was as follows:

3.52K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Amit and Viney are partners in a firm sharing profits and losses in 3 : 1 ratio. on 1.1.2017 they admitted Ranjan as a partner. on Ranjan’s admission the profit and loss account of Amit and Viney showed a debit balance of Rs. 40,000

2.63K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Leela and Meeta were partners in a firm sharing profits and losses in the ratio of 5 : 3. In April 2017 they admitted Om as a new partner. On the date of Om’s admission the balance sheet of Leela and Meeta showed a balance of Rs. 16,000 in general reserve and Rs. 24,000 (Cr)

2.79K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Given below is the Balance Sheet of A and B, who are carrying on partnership business on 31.12.2016. A and B share profits and losses in the ratio of 2 : 1

3.45K viewsAnurag Pathak Changed status to publish August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Amar and Akbar are equal partners in a firm. They admitted Anthony as a new partner and the new profit sharing ratio is 4 : 3 : 2. Anthony could not bring this share of goodwill Rs. 45,000 in cash

2.98K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Rajesh and Mukesh are equal partners in a firm. They admit Hari into partnership and the new profit sharing ratio between Rajesh, Mukesh and Hari is 4 : 3 : 2. On Hari’s admission goodwill of the firm is valued at Rs. 36,000

2.78K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Mohan Lal and Sohan Lal were partners in a firm sharing profits and losses in 3 : 2 ratio. They admitted Ram Lal for 1/4 share on 1.1.2013. It was agreed that goodwill of the firm will be valued at 3 years purchase of the average profits of last 4 years which were Rs. 50,000 for 2013, Rs. 60,000 for 2014, Rs. 90,000 for 2015 and Rs. 70,000 for 2016

2.64K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

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