Commerce School

Student Community

YOUTUBE CHANNELSubscribe

Telegram Channel

Commerce School

Student Community

Telegram Channel

YOUTUBE CHANNELSubscribe

Category DK Goel Retirement of a partner

DK Goel Retirement of a partner 113 Questions

0 Votes 1 Ans

You are given the Balance Sheet of A, B and C who are partners sharing profits in the ratio of 2 : 2 : 1 as at March 31, 2022. Creditors ₹ 40,000

231 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are in partnership, sharing profits in the proportion of two-thirds, one-sixth and one-sixth respectively. A died on the 30th June, 2022

218 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement 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 respectively. Their Balance Sheet as at 31st March, 2023 was as follow:

168 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Brown and Smith are partners. The partnership deed provides: (i) That the Accounts be balanced on 31st December each year.

192 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B, C and D were partners sharing profits in the ratio of 5 : 3 : 2 : 2. B died on 1st March, 2024. Goodwill of the firm was valued at ₹ 6,00,000

180 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Tripti, Atishay and Radhika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance Sheet as at 31-3-2024 was as follows:

152 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Anuj, Tanuj and Vishesh were partners in a firm sharing profits in 2 : 2 : 1. Tanuj died on 31st July 2023. His capital on 1st April, 2023 was ₹ 6,00,000. You are informed that:

185 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were partners in a firm. A died on 31.3.2018 and the Balance Sheet of the firm on that date was as under:

174 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Ram, Ghanshyam and Vrinda were partners in a firm sharing profits in the ratio of 4 : 3 : 1. The firm closes its books on 31st March every year. On 1st February, 2023 Ghanshyam died

165 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. The Balance Sheet as at 31-3-2023 was as follows:

182 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

The Balance Sheet of Sindhu, Rahul and Kamlesh, who were sharing profits in the ratio of 3 : 3 : 4 respectively, as at 31st March, 2023 was as follows:

182 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their books are closed on March 31st every year. B died on 1st August, 2022. The executors of B are entitled to:

177 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C are sharing profits in the ratio of 4 : 3 : 2. A dies on 31st December, 2022. Accounts are closed on 31st March every year. Sales for the year ending 31st march, 2022 amounted to ₹ 4,00,000

169 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Hari, Mohan and Sohan were partners in a firm sharing profits in 2 : 2 : 1 ratio. The firm closes its books on 31st March every year. Mohan died on 24-8-2021. On Mohan’s death the goodwill of the firm was valued at ₹ 75,000

154 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were partners in a firm. B died on 31st August, 2021. B’s 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

175 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

X, Y and Z are partners sharing profits in the ratio of 4 : 2 : 3. Y retires. on this date his Capital after making adjustments for reserves and revaluation exists at ₹ 2,00,000

162 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were equal partners. Their Balance Sheet as at 31st March, 2022 was as under: B/P ₹ 20,000 Creditors ₹ 40,000

176 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q and R are in partnership sharing profits in the ratio of 3 : 2 : 1. R retires. Following balances appeared in their books:

169 viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

A, B and C were partners sharing profits in the ratio of 3 : 2 : 1 respectively. B retired on 31st March, 2024. On that date the capitals of A, B and C after all adjustments were ₹ 5,10,000; ₹ 3,30,000 and ₹ 1,80,000 respectively.

197 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Radha, Manas and Arnav were partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st March, 2019 was as follows:

170 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Kushal, Kumar and Kavita were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 1st April, 2023 their Balance Sheet was as follows:

207 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement 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. On 31st March 2022 C retired. Following balances were disclosed by the Firm’s Balance Sheet on this date:

188 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q and R are partners in a firm. R retires from the firm. On the date of retirement, ₹ 3,00,000 is due to him. It is agreed to pay him in instalments every year at the end of the year

165 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

P, Q and R were partners sharing profits and losses in the ratio of 5 : 3 : 2 respectively. As at 31st March, 2022 the Balance Sheet of the firm stood as follows:

186 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

0 Votes 1 Ans

Following is the Balance Sheet of G, K & W as at 31st March, 2019 who share profits in the ratio of 3 : 2 : 1.

202 viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner

« Previous 1 2 3 4 5 Next »

Question and answer is powered by anspress.net