Category Admission of Partner Admission of Partner 136 Questions 2 Sub CategoriesAssertion Reason MCQs (Admission)(10)MCQs (Admission)(42) Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans X and Y are partners sharing profits and losses in the ratio of 3 : 2. Z was admitted for the 1/5th share and for this he brings ₹ 1,50,000 2.17K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 0 Votes 1 Ans X and Y are partners sharing profits in the ratio of 2 : 1. They admit Z into the partnership for 1/4th share in profits 1.53K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 0 Votes 1 Ans X and Y are partners sharing profits and losses in the ratio of 3 : 2. X’s Capital is ₹ 3,00,000 and Y’s capital is ₹ 1,50,000 1.51K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 0 Votes 1 Ans X and Y are partners sharing profits in the ratio of 3 : 2. They admitted Z as a partner for 1/4th share of profits. At the time of admission of Z, Investments appeared at ₹ 80,000 1.82K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Ram and Shyam were partners in a firm sharing profits and losses in the ratio of 2 : 1. Mohan was admitted for 1/3rd share in the profits 2.90K viewsAnurag Pathak Changed status to publish April 1, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Chintan and Ayush are partners in a firm sharing profits and losses in the ratio of 3 : 2. They admitted Sudha as a new partner 2.52K viewsAnurag Pathak Changed status to publish April 1, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Mohan and Mahesh are partners in a firm sharing profits and losses in the ratio of 3 : 2. Nusrat is admitted as 3.64K viewsAnurag Pathak Changed status to publish April 1, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Ram and Mohan are partners in a firm sharing profits in the ratio of 3 : 2. on 1st April, they admit Sohan as a partner for 1/4th share in the profits 4.14K viewsAnurag Pathak Changed status to publish March 31, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans On 31st March 2017, the Balance Sheet of Abhir and Divya, who were sharing profits in the ratio of 3 : 1 was as follows: 4.16K viewsAnurag Pathak Changed status to publish March 18, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Leena and Rohit are partners in a firm sharing profits in the ratio of 3 : 2. On 31st March, 2018, their Balance Sheet was as follows: 4.56K viewsAnurag Pathak Edited comment March 17, 2024[CBSE] DK Goyal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2022, their capitals were ₹ 8,000 and ₹ 10,000 respectively 2.64K viewsAnurag Pathak Changed status to publish December 11, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Adil and Bhavya are partners sharing profits and losses in the ratio of 7 : 5. They admit Cris, their Manager, into partnership who is to get 1/6th share in the business 4.03K viewsAnurag Pathak Changed status to publish November 12, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Sushil and Satish are partners in a firm sharing profits in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2023 was as follows: 4.58K viewsAnurag Pathak Changed status to publish June 25, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Following is the Balance Sheet of Jay and Veeru as at 31st March, 2023 who are partners in a firm sharing profits and losses in the ratio of 3 : 2 respectively. 3.82K viewsAnurag Pathak Changed status to publish June 12, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of Partner 0 Votes 1 Ans Kavi and Ravi were partners in a firm sharing profits in the ratio of 5 : 3. On 31st March, 2023, they admitted Chhavi as a partner for 1/5th share in the profit. On Chhavi’s admission, the Balance Sheet of the firm was as follows: 2.71K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 0 Votes 1 Ans On the date of Shiv’s admission, an extract of the Balance Sheet of Ram and Mohan sharing profits and losses in the ratio of 3 ; 2 was as under: 1.33K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 0 Votes 1 Ans Amol and Ameet are partners sharing profits and losses in the ratio of 2 : 1. They admit Atul for 1/4th share. For the purpose of admission of Atul, goodwill of the firm is to be valued on the basis of 2 year purchase of Average Super Profit of last four years. The normal rate of return in their business is 12% on capital employed. 1.94K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 0 Votes 1 Ans Which of the following statement is wrong in the context of admission of a partner? 1.27K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 0 Votes 1 Ans Amit and Vidya are partners in a firm. They admit Sanjana as a partner with 1/4th share in the profits of the firm. Sanjana brings ₹ 2,00,000 as her share of capital. The value of the total assets of the firm is ₹ 5,40,000 and outside liabilities are valued at ₹ 1,00,000 on that date. Sanjana’s share of goodwill is 1.71K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerAssertion Reason MCQs (Admission) 0 Votes 1 Ans Parvan and Rahim are partners sharing profits and losses in the ratio of 3 : 2. karan is admitted as a partner with 1/4th share in profits. karan was unable to bring his share of goodwill premium in cash. 1.81K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thAdmission of PartnerMCQs (Admission) 1 2 3 … 6 7 Next » Question and answer is powered by anspress.net