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Category DK Goel Retirement of a partner

DK Goel Retirement of a partner 40 Questions

0 Votes 1 Ans

A, B and C were partners sharing profits and losses in the ratio of 5 : 3 : 2. Following was their Balance Sheet as at 31st March, 2023:

341 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z are partners sharing profits and losses in the ratio of 3 : 2 : 1. Y retires selling his share to X and Z for ₹ 1,60,000, ₹ 1,00,000 being paid by X and ₹ 60,000 by Z

336 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B, C and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. On the retirement of B, Goodwill was valued at ₹ 3,00,000. A, C and D decide to continue the firm sharing profits equally

316 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 0 Ans

A, B, C and D are partners sharing profits in the ratio of 5 : 3 : 3 : 1. On the retirement of C, goodwill was valued at ₹ 3,60,000. C’s share of goodwill will be adjusted into the Capital accounts of A, B and D

279 viewsAnurag Pathak Changed status to publish February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Z retired and the new profit sharing ratio between X and Y was 1 : 2. On Z’s retirement the goodwill of the firm was valued at ₹ 30,000

330 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were partners sharing profits in the ratio of 6 : 4 : 5. Their capitals were A – ₹ 1,00,000, B – ₹ 80,000 and C – ₹ 60,000. On 1st April 2023, B retired from the firm and the new profit sharing ratio between A and C was decided as 11 : 4

272 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Arjun, Bhim and Nakul are partners sharing profits and losses in the ratio of 14 : 5 : 6 respectively. Bhim retires and surrenders his 5/25th shares in favour of Arjun

315 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B, C and D are partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1 : 1. A and C decided to retire from the firm. The goodwill of the firm was valued at ₹ 90,000. B and D decided to share future profits in the ratio of 5 : 3

293 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

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

306 viewsAnurag Pathak Answered question February 26, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. C decided to retire and on this date goodwill of the firm is valued at ₹ 2,00,000

497 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q and R are equal partners. Goodwill is appearing in their books at ₹ 4,00,000. R retires and on the day of R’s retirement Goodwill is valued at ₹ 2,50,000

423 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are sharing profits in the ratio of 4 : 3 : 2. Goodwill is appearing in the books at a value of ₹ 42,000. C retires and on the day of C’s retirement Goodwill is valued at ₹ 63,000

443 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

Ashok, Rakesh and Mukesh were partners sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2023, their goodwill was valued at ₹ 3,00,000, there being no account for it in the books

465 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

L, M and N are three partners sharing profits in the ratio of 4 : 3 : 2 respectively. M retires and the goodwill is valued at ₹ 1,08,000. No goodwill account appears as yet in the books of the firm

456 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z are partners sharing profits in the ratio of 5 : 4 : 3. X retires from the firm and it is decided that new profit sharing ratio between Y and Z will be same as existing between X and Y

459 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A and B were partners sharing profits in the ratio of 5 : 3. On 1st April, 2021 they admitted C as a new partner for 1/4th share which he acquired from A and B in the ratio of 3 : 2

492 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q, R and S were partners sharing profits in the ratio of 2 : 3 : 5 : 2. S retires and his share is acquired by Q and R in the ratio of 3 : 2. Calculate new ratio and gaining ratio

520 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z are partners sharing profits in the ratio of 1/9 : 1/3 and 5/9. Z retires and surrenders 3/4th of this share in favour of X and remaining in favour of Y

567 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

Rekha, Ruchi and Suruchi are partners. Ruchi retires. Calculate new ratio if continuing partners acquired her share in the ratio of 2 : 3

474 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B, C and D are partners sharing profits in the ratio of 5 : 4 : 3 : 2. A retires and B, C and D decide to share the profits and losses equally in future

476 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are partners sharing profits in the ratio of 1/2 : 1/3 : 1/6. C retires and A and B decide to share future profits equally. Calculate the gaining rati

620 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

On 1st April, 2023 A, B and C were partners sharing profits and losses in the ratio of A 5/10, B 3/10 and C 2/10 respectively. On this date B retires

489 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

On 1st April, 2023 Ashish, Namish and Aman were partners sharing profits and losses in the ratio of 2/5, 2/5 and 1/5 respectively. On this date, Namish retires

403 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q, R and S were partners sharing profits in the ratio of 5 : 4 : 3 : 1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio

438 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z share profits in the ratio of 1/2, 3/10, 1/5. Calculate the gaining ratio and new ratios when

517 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner

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