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Category Accountancy Class 12th

Accountancy Class 12th 921 Questions

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0 Votes 1 Ans

Amar and Samar were partners in a firm sharing profits and losses in 3 : 1 ratio. They admitted Kanwar for 1/4 share of profits. Kanwar could not bring his share of goodwill premium in cash

2.54K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Aditya and Balan are partners sharing profits and losses in 3 : 2 ratio. They admitted Christopher for 1/4 share in the profits. The new profit sharing ratio agreed was 2 : 1 : 1

2.67K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

X and Y are partners in a firm sharing profits and losses in 4 : 3 ratio. They admitted Z for 1/8 share. Z brought Rs. 20,000 for his capital and Rs. 7,000 for his 1/8 share of goodwill

3.00K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Arti and Bharti are partners in a firm sharing profits in 3 : 2 ratio. They admitted Sarthi for 1/4 share in the profits of the firm. Sarthi brings Rs. 50,000 for his capital and Rs. 10,000 for his 1/4 share of goodwill

3.03K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. They decide to admit C into partnership with 1/4 share in profits. C will bring in Rs. 30,000 for capital and the requisite amount of goodwill premium in cash

3.07K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Verma and Sharma are partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted Ghosh as a new partner for 1/5 share of profits. Ghosh is to bring in rs. 20,000 as capital and Rs. 4,000 as his share of goodwill premium

2.86K viewsAnurag Pathak Edited answer August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A business has earned average profits of Rs. 1,00,000 during the last few years. Find out the value of goodwill by capitalisation method, given that the assets of the business are Rs. 10,00,000 and its external liabilities are Rs. 1,80,000

2.65K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Rajan and Rajani are partners in a firm. Their capitals were Rajan Rs. 3,00,000; Rajani Rs. 2,00,000. During the year 2015 the firm earned a profit of Rs. 1,50,000

2.83K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

The books of Ram and Bharat showed that the firm’s capital on 31. 12. 2016 was Rs. 5,00,000 and the profits for the last 5 years : 2015 Rs. 40,000; 2014 Rs. 50,000; 2013 Rs. 55,000; 2012 Rs. 70,000 and 2011 Rs. 85,000

2.48K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Firm’s Capital in a business is Rs. 2,00,000. The normal rate of return on firm’s capital is 15%. During the year 2015 the firm earned a profit of Rs. 48,000

2.47K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Compute the value of goodwill on the basis of four years purchase of the average profits based on the last five years? The profits for the last five years were as follows

2.66K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Rao and Swami are partners in a firm sharing profits and losses in 3 : 2 ratio. They admit Ravi as a new partner for 1/8 share in the profits. The new profit sharing ratio between Rao and Swami is 4 : 3

2.66K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Sandeep and Navdeep are partners in a firm sharing profits in 5 : 3 ratio. They admit C into the firm and the new profit sharing ratio was agreed at 4 : 2 : 1. Calculate the sacrificing ratio

2.43K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Singh, Gupta and Khan are partners in a firm sharing profits in 3 : 2 : 3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain

2.40K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Radha and Rukmani are partners in a firm sharing profits in 3 : 2 ratio. They admitted Gopi as a new partner. Radha surrendered 1/3 of her share in favour of Gopi and Rukmani surrendered 1/4 of her share in favour of Gopi

2.32K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A, B and C were partners in a firm sharing profits in 3 : 3 : 2 ratio. They admitted D as a new partner for 4/7 profit. D acquired his share 2/7 from A. 1/7 from B and 1/7 from C

2.34K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 0 Ans

A and B were partners in a firm sharing profits in 3 : 2 ratio. They admitted C for 3/7 share which he took 2/7 from A and 1/7 from B. Calculate new profit sharing ratio?

1.88K viewsAnurag Pathak Changed status to publish August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A, B and C are partners sharing profits in 3 : 2 : 2 ratio. They admitted D as a new partner for 1/5 share which he acquired from A, B and C in 2 : 2 : 1 ratio respectively. Calculate new profit sharing ratio?

2.57K viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

P and Q are partners sharing profits in 2 : 1 ratio. They admitted R into partnership giving him 1/5 share which he acquired from P and Q in 1 : 2 ratio. Calculate new profit sharing ratio?

2.27K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A, B and C are partners sharing profits in 2 : 2 : 1 ratio admitted D for 1/8 share which he acquired entirely from A. Calculate new profit sharing ratio?

2.38K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

X and Y are partners sharing profits in 5 : 3 ratio admitted Z for 1/10 share which he acquired equally for X and Y. Calculate new profit sharing ratio?

2.37K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A B C were partners in a firm sharing profits in 3 : 2 : 1 ratio. They admitted D for 10% profits. Calculate the new profit sharing ratio?

2.31K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C into the partnership with 1/6 share in the profits. Calculate the new profit sharing ratio?

2.37K viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner

0 Votes 1 Ans

Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. From 1st April, 2018 they decided to share future profits and loose in the ratio of 2 : 5 : 3

2.42K viewsAnurag Pathak Changed status to publish August 7, 2024Accountancy Class 12th

0 Votes 1 Ans

Dinesh, Ramesh and Suresh are partners in a firm sharing profits and losses in the ratio of 3 : 3 : 2. From 1st April, 2018 they decided to share the future profits equally

3.07K viewsAnurag Pathak Changed status to publish August 7, 2024Accountancy Class 12th

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