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Category [ISC] Retirement of Partner

[ISC] Retirement of Partner 48 Questions

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On 1st April, 2021, Manoj retired from partnership and his share was determined on the date of retirement from the following:

759 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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The Balance Sheet of Sanjiv, Rajiv and Satish is as follows:

1.34K viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Ram, Shyam and Mohan are partners sharing profits in the ratio of 5 : 3 : 2. Mohan retired on 1st April, 2023 from business

1.23K viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Varun, Jagdish and Tarun were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1 Balance Sheet of the firm as at 31st March, 2023 was as follows:

1.21K viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Sachin, Agarkar and Ankola are equal partners in a firm. Agarkar retired and the continuing partners decide to share profits of the new firm in the ratio of 5 : 4

716 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Alok, Ankit and Bipin are partners sharing profits and losses in the ratio of 3 : 2 : 1. Ankit retired on 1st April, 2023

805 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Bimal, Brij and Ajay are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1

632 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Amrit, Ajit and Ansh are partners sharing profits and losses in the ratio of 1/2, 1/3, and 1/6 respectively

1.07K viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Kapil, Angad and Gush are partners sharing profits in the ratio of 1 : 2 : 3. Gush retires and his capital, after making adjustments for reserves and profits on revaluation stands at ₹ 2,70,000

683 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Deepa, Neeru and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2

621 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Sid, Harry and Jiten are partners sharing profits and losses in the ratio of 4 : 3 : 1. Harry retires, selling his share of profit to Sid and Jiten for ₹ 1,20,000

891 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Ashish, Naresh and Yogesh were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Yogesh retires and the new profit-sharing ratio between Ashish and Naresh was 1 : 2

717 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Akash, Atul and Kirti are partners sharing profits in the ratio of 4 : 3 : 2. Atul retires from the business. His share of goodwill is ₹ 7,200

688 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Ravi, Mukesh, Naresh and Yogesh are partners in a firm sharing profits in the ratio of 2 : 2 : 1 : 1

556 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Abha, Beena and Chanda are partners sharing profits and losses in the ratio of 25 : 15 : 9

1.06K viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Jeet, Bhagat, Yuvraj and Bharat are partners sharing profits in the ratio of 4 : 3 : 2 : 1

1.03K viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Akhil, Bhanu and Charu are partners sharing profits in the ratio of 4/9 : 1/3 : 2/9

857 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Ashwin, Umesh and Rahul are partners sharing profits and losses in the ratio of 4/9 : 1/3 : 2/9

642 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Virat, Rohit and Jasprit are partners sharing profits and losses in the ratio of 1/2 : 1/3 : 1/6

699 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Kangli, Mangli and Sanavali are three partners sharing profits in the ratio of 4 : 3 : 2

433 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Keshav, Rakesh and Hari are partners sharing profits in the ratio of 4 : 4 : 2

783 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Shiv, Mohan and Sohan were partners sharing profits in the ratio of 1/5, 1/3 and 7/15 respectively

714 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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Amit, Basu and Chirag are partners sharing profits in the ratio of 1/2, 3/10 and 1/5

908 viewsAnurag Pathak Changed status to publish March 3, 2024[ISC] Retirement of Partner

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