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Category DK Goel Admission of a Partner

DK Goel Admission of a Partner 98 Questions

0 Votes 1 Ans

Karan and Vijay are partners in a firm sharing profits and losses in the ratio of 4 : 3. They admit Shrey for 1/3 share in the profits.

270 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Following is the Balance Sheet of Amit and Vidya as at 31st March, 2024: Creditors ₹ 26,000 Employees Provident Fund ₹ 16,000

253 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Om, Ram and Shanti were partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2014 their Balance Sheet was as follows:

320 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Ashok and Biju were partners sharing profits and losses in the ratio of 3 : 1 respectively. The following was their balance sheet as at 31st March, 2024

257 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A and B are partners sharing profits in the proportion of 3 : 2. Their Balance Sheet as at 31st March, 2024 was as follows:

319 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A and B are partners sharing profits in the ratio of 5 : 3. C was admitted for 1/4th share in profits. C acquires this share as 3/16 from A and 1/4th of his share from B. C brings in ₹ 1,00,000 as his capital

264 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1 with Capitals of ₹ 70,000; ₹ 60,000 and ₹ 40,000 respectively. D is admitted in the firm for 1/4th share in profits, which he acquires 1/8th from A and 1/8th from B

267 viewsAnurag Pathak Answered question September 4, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A, B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2. D is admitted into the firm for 1/4 share in profits, which he gets as 1/8 from A and 1/8 from B. The total capital of the firm is agreed upon as ₹ 3,20,000

255 viewsAnurag Pathak Answered question September 4, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

X and Y are partners sharing profits in the ratio of 2 : 1. Their balance Sheet as at 31st March, 2022 was as follows:

302 viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

X and Y are partners in a firm. They share profits and losses in the ratio of 2 : 1. Their Balance Sheet as at 31st March, 2023 stood as under:

247 viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

On 31st March 2022, the Balance Sheet of A and B, who were sharing profits in the ratio of 3 : 2 was as follows:

297 viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Mohan and Mahesh were partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2024 they admitted Nusrat as a partner in the firm. The Balance Sheet of Mohan and Mahesh on that date was as under:

269 viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

X and Y were partners sharing profits in the ratio of 1 : 2. Their Balance Sheet as at 31st March, 2024 was as follows:

254 viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Nem and Khem sharing profits in the ratio of 3 : 2 admit Prem as a partner with 1/3 share in profits. He had to contribute proportionate capital. They had following financial position

300 viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A and B are partners sharing profits in the ratio of 3 : 1. Their Balance sheet as at 31st March, 2023, was as under:

277 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A, B and C are partners sharing profits and losses in the ratio of 6 : 3 : 1. Their respective capitals are A ₹ 5,00,000; B ₹ 4,00,000 and C ₹ 2,00,000. They decide to admit D into partnership and the new profit sharing ratio is agreed at 3 : 3 : 3 : 1

369 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Following is the Balance sheet of X and Y who share profits and looses in the ratio of 3 : 2 as at 31st March, 2022:

241 viewsAnurag Pathak Changed status to publish September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Following figures have been extracted from the books of X and Y who share profit and losses in the ratio of 7 : 3.

274 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. Their respective capitals were A ₹ 3,00,000; B ₹ 2,00,000 and C ₹ 1,80,000. On 1st April, 2024 they admitted D as a new partner

268 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Asin and Shreya are partners in a firm. They admit Ajay as a new partner with 1/5th share in the profits of the firm. Ajay brings ₹ 5,00,000 as his share of capital

290 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

X and Y are partners with capital of ₹ 13,00,000 and ₹ 20,00,000. They share profits in the ratio of 1 : 2. They admit Z as a partner with 1/5th share in the profits of the firm. Z brings in ₹ 12,00,000 as his share of capital

263 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Hemant and Nishant were partners in a firm sharing profits in the ratio of 3 : 2. Their Capitals were ₹ 1,50,000 and ₹ 1,30,000 respectively. They admitted Somesh on 1st April, 2024 as a new partner for 1/5th share in the future profits

313 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

X and Y are partners in a firm sharing profits and losses in the ratio of 5 : 3. On 31st March, 2024, their Balance Sheet was as under:

348 viewsAnurag Pathak Answered question August 31, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

A and B are in partnership sharing profits and losses in the ratio of 3 : 2. On 1st April 2024, they admitted C into partnership. He paid ₹ 50,000 as his capital but nothing for Goodwill which was valued at ₹ 40,000 for the time

355 viewsAnurag Pathak Changed status to publish August 31, 2024DK Goel Admission of a Partner

0 Votes 1 Ans

Gautam and Rahul are partners in a firm, sharing profits and losses in the ratio of 2 : 3. Their Balance Sheet as at 31st March, 2023, was as follows:

290 viewsAnurag Pathak Changed status to publish August 31, 2024DK Goel Admission of a Partner

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