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Category [CBSE] Death of Partner

[CBSE] Death of Partner 41 Questions

0 Votes 1 Ans

A, B and C were partners sharing profits and losses in the ratio of 2 : 2 : 1. C died on 30th June, 2023.

3.54K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

X, Y and Z were partners in a firm. Z died on 31st May, 2022. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed years of profits before death.

3.80K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Manoj, Rakesh and Harsh were partners sharing profits in the ratio of 2 : 2 : 1. Manoj died on 30th June, 2022. Rakesh and Harsh decided to continue the business.

2.99K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Radha, Tina and Reeta were partners sharing profits equally. Reeta died on 31st July 2022.

3.35K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

X, Y and Z were partners sharing profits and losses in the ratio of 3 : 2 : 1. Y died on 30th June, 2022. Profit from 1st April, 2022 to 30th June, 2022 was ₹ 3,60,000.

3.16K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Ram, Manu and Hari were partners in a firm. Hari died on 30th June, 2023. His share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed financial years of profits before death.

3.87K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1. B died on 30th June, 2022, For the year ended 31st March, 2023, proportionate profits of 2022 is to be taken into consideration.

3.09K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 25th February 2019, B died, B’s share of profit till the date of his death was calculated at ₹ 5,000. Pass the necessary Journal entry for the same in the books of the firm.

3.11K viewsAnurag Pathak Changed status to publish July 26, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Anil, Sunil and Hari were partners sharing profits equally. Suni died on 31st December 2022. In terms of the partnership deed, accounts were prepared for the period ended 31st December 2022 and net profit was determined at ₹ 6,00,000. Pass the Journal entry for the profit share of the partners.

3.29K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Dinkar, Navita and Vani were partners sharing profits and losses in the ratio of 3 : 2 : 1.

3.22K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

P, R and S are in partnership sharing profits 4/8, 3/8 and 1/8 respectively. It is provided in the partnership deed that on the death of any partner his share of goodwill is to be valued at one half of the net profit credited to his account during the last four completed years.

3.50K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Keshav, Nirmal, and Pankaj are partners sharing profits in the ratio of 5 : 3 : 2. Pankaj died and his share is taken by Keshav. Calculate the new profit-sharing ratio of Keshav and Nirmal.

3.34K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

W, X, Y and Z are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. Y died and W, X and Z decide to share the profits and losses equally in future. Calculate gaining ratio.

1.35K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. A died, B and C will share profits in the ratio of 2 : 1. Determine the gaining ratio.

2.84K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan died and his share was taken equally by Shiv and Hari.

1.07K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

0 Votes 1 Ans

Om, Ram, and Shanti were partners sharing profits in the ratio of 1/2, 2/5, and 1/10. Find the new profit-sharing ratio of the remaining partners if Shanti dies.

3.61K viewsAnurag Pathak Changed status to publish July 25, 2023[CBSE] Death of Partner [CBSE] TS Grewal Solutions

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