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Category DK Goel Admission of a Partner

DK Goel Admission of a Partner 101 Questions

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Ashish and Nimish were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2019 their Balance Sheet was as follows:

137 viewsAnurag Pathak Answered question July 27, 2025DK Goel Admission of a Partner

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X and Y were partners in the profit-sharing ratio of 3 : 2. Their balance sheet as at March 31, 2022 was as follows:

119 viewsAnurag Pathak Changed status to publish July 27, 2025DK Goel Admission of a Partner

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On 31st March 2023, the Balance Sheet of Zoya and Zara who were sharing profits and losses in the ratio of 3 : 2 was as follows:

128 viewsAnurag Pathak Answered question July 27, 2025DK Goel Admission of a Partner

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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:

1.71K viewsAnurag Pathak Changed status to publish January 23, 2025DK Goel Admission of a Partner

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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.

1.54K viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner

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

1.49K viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner

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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:

1.61K viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner

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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

1.52K viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner

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

1.85K viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner

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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

1.55K viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner

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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

1.44K viewsAnurag Pathak Answered question September 4, 2024DK Goel Admission of a Partner

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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

1.48K viewsAnurag Pathak Answered question September 4, 2024DK Goel Admission of a Partner

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

1.77K viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner

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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:

1.41K viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner

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

1.51K viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner

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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:

1.49K viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner

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

1.57K viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner

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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

1.54K viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner

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

1.35K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

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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

1.53K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

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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:

1.33K viewsAnurag Pathak Changed status to publish September 1, 2024DK Goel Admission of a Partner

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

1.42K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

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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

1.36K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

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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

1.44K 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

1.45K viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner

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