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Category [CBSE] Admission of Partner

[CBSE] Admission of Partner 141 Questions

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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:

7.48K viewsAnurag Pathak Changed status to publish September 27, 2024[CBSE] Admission of Partner Accountancy Class 12th

0 Votes 1 Ans

Kalpana and Kanika were partners in a firm sharing profits in 3 : 1 ratio. They admitted Karuna as a partner for 1/4th share in future profits. Karuna was to bring ₹ 60,000 for his capital. The Balance Sheet of Kalpana and Kanika as at 1st April, 2023, the date on which C was admitted, was:

7.76K viewsAnurag Pathak Changed status to publish September 23, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Rajesh and Ravi are partners sharing profits in the ratio of 3 : 2. Their Balance Sheet at 31st March, 2023 stood as:

5.27K viewsAnurag Pathak Changed status to publish July 31, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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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

1.17K 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:

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

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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

1.14K 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

921 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

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

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

3.49K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th MCQs (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

2.67K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th MCQs (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

2.63K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th MCQs (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

3.06K viewsAnurag Pathak Changed status to publish April 4, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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

4.56K viewsAnurag Pathak Changed status to publish April 1, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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

3.53K viewsAnurag Pathak Changed status to publish April 1, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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

6.10K viewsAnurag Pathak Changed status to publish April 1, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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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

6.49K viewsAnurag Pathak Changed status to publish March 31, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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:

5.93K viewsAnurag Pathak Changed status to publish March 18, 2024[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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

4.17K viewsAnurag Pathak Changed status to publish December 11, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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

6.36K viewsAnurag Pathak Changed status to publish November 12, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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:

6.84K viewsAnurag Pathak Changed status to publish June 25, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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.

6.07K viewsAnurag Pathak Changed status to publish June 12, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th

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:

4.33K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th MCQs (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:

2.28K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th MCQs (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.

3.01K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th MCQs (Admission)

0 Votes 1 Ans

Which of the following statement is wrong in the context of admission of a partner?

2.20K viewsAnurag Pathak Changed status to publish June 8, 2023[CBSE] Admission of Partner [CBSE] TS Grewal Solutions Accountancy Class 12th MCQs (Admission)

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