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Category Accountancy Class 12th

Accountancy Class 12th 922 Questions

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0 Votes 1 Ans

Pratik, Nitish and Avinash are in partnership sharing profits equally. Avinash died on 30th June

1.32K viewsAnurag Pathak Changed status to publish July 12, 2024[ISC] Death of Partner

0 Votes 1 Ans

Amit, Balan and Chander were partners in a firm sharing profits in the proportion of 1/2, 1/3 and 1/6 respectively. Chander retired on 1st April, 2014. The Balance Sheet of the firm on the date of Chander’s retirement was as follows:

4.72K viewsAnurag Pathak Changed status to publish July 6, 2024[CBSE] TS Grewal Solutions Accountancy Class 12th Retirement of Partner

0 Votes 1 Ans

A, B and C were partners sharing profits in the ratio of 3 : 2 : 1. The firm closes its books on 31st March every year. B died on 30th June, 2022.

3.55K viewsAnurag Pathak Changed status to publish June 22, 2024[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Raman, Shiv and Mukesh were in partnership sharing profits and losses in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2023 was as follows:

991 viewsAnurag Pathak Answered question June 21, 2024[ISC] Dissolution (2023-24)

0 Votes 1 Ans

Pawan and Arun are partners in a firm sharing profits and losses in the ratio of 3 : 2. They decided to dissolve their firm on 31st March, 2023, when their Balance Sheet was as follows

800 viewsAnurag Pathak Answered question June 21, 2024[ISC] Dissolution (2023-24)

0 Votes 1 Ans

Ankur Aditya and Pankaj were partners sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2022, their Balance Sheet was as follows:

837 viewsAnurag Pathak Answered question June 21, 2024[ISC] Dissolution (2023-24)

0 Votes 1 Ans

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

700 viewsAnurag Pathak Answered question June 19, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Puneet and Tarun are partners sharing profits and losses in the ratio of 3 : 2. They admit Simran as a partner who acquires 2/7th from Puneet and 1/7th from Tarun as her share

688 viewsAnurag Pathak Answered question June 13, 2024[ISC] Admission of Partner

0 Votes 1 Ans

Lalan and Balan were partners in a firm sharing profits in the ratio of 3:2. Their fixed capital on 1st April 2022 was: Lalan ₹ 10,00,000 and Balan ₹ 20,00,000

3.99K viewsAnurag Pathak Changed status to publish June 13, 2024[CBSE] Fundamentals of Partnership Firm Accountancy Class 12th

0 Votes 1 Ans

Raman and Daman are partners sharing profits in the ratio of 60 : 40 and for the last four years they have been getting annual salaries of ₹ 50,000 and ₹ 40,000 respectively

882 viewsAnurag Pathak Changed status to publish June 11, 2024[ISC] Goodwill [ISC} TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Read the following hypothetical text and answer the given questions on its basis. Profit for the year ended 31st March, 2023 of iPay (a payment processing start up) was ₹ 15,00,000 after accounting the following

449 viewsAnurag Pathak Changed status to publish June 11, 2024Cash Flow Statement

0 Votes 1 Ans

Pradeep and Paresh partners in a firm decided to dissolve their partnership firm on 1st April, 2024. Pradeep was deputed to realise the assets and to pay off the liabilities

1.11K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Dissolution of Partner

0 Votes 1 Ans

C, D and E were partners in a firm sharing profits in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st March, 2022 was as follows

848 viewsAnurag Pathak Answered question June 10, 2024[CBSE] Death of Partner

0 Votes 1 Ans

Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance sheet as at 31s March

1.52K viewsAnurag Pathak Changed status to publish June 10, 2024[CBSE] Death of Partner

0 Votes 1 Ans

Pass necessary Journal entries for the following transactions, on the dissolution of a partnership firm of Kavita and Suman on 31st March, 2022, after the various assets (other than cash) and third party liabilities have been transferred to Realisation Account

590 viewsAnurag Pathak Answered question June 10, 2024[CBSE] Dissolution of Partner

0 Votes 1 Ans

Ramesh, Suresh and Dinesh were partners sharing profits and losses in the ratio of 3 : 2 : 1. Dinesh died on 1st May, 2023 on which date the capitals of Ramesh

805 viewsAnurag Pathak Answered question June 10, 2024[CBSE] Death of Partner

0 Votes 1 Ans

P, Q and R were partners in a firm sharing profits in the ratio of 3 : 2 : 1. P dies and the new profit sharing ratio of Q and R was agreed to be equal

3.58K viewsAnurag Pathak Changed status to publish June 9, 2024[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Shweta, Meenu and Asha were partners in a firm sharing profits and losses in the ratio of 3 : 5 : 2. Meenu retired on 1st April, 2022. After making all adjustments relating to revaluation, goodwill and accumulated profits

914 viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner

0 Votes 1 Ans

Ashish and Vishesh were partners sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2022 was as under:

587 viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner

0 Votes 1 Ans

Vanshika and Shikha were partners in a firm with capitals of ₹ 1,00,000 and ₹ 80,000 respectively. They admitted Nisha on 1st April, 2022 as a new partner for 1/4th share in the future profits of the firm

959 viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner

0 Votes 1 Ans

Mahesh and Suresh were partners in a firm sharing profits and losses in the ratio of 2 : 1. They decided to admit Nita into partnership with 1/4th share in the profits

777 viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner

0 Votes 1 Ans

Aayush and Aarushi are partners sharing profits and losses in the ratio of 3 : 2. They admitted Naveen into partnership for 1/4th share

623 viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner

0 Votes 1 Ans

Kamal and Kapil are partners having fixed capitals of ₹ 5,00,000 each as on 31st March 2022

4.47K viewsAnurag Pathak Changed status to publish June 8, 2024[CBSE] Fundamentals of Partnership Firm [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Ramesh and Umesh were partners in a firm sharing profits in the ratio of their capitals. On 31st March, 2023, their Balance Sheet was as follows:

5.39K viewsAnurag Pathak Changed status to publish June 8, 2024[CBSE] Dissolution of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Realisation expenses were ₹ 10,000 and paid by the firm on behalf of Alok, a partner, with whom it was agreed at ₹ 7,500.

2.98K viewsAnurag Pathak Changed status to publish June 8, 2024[CBSE] Dissolution of Partner [CBSE] TS Grewal Solutions

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