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Category [NCERT] Fundamentals

[NCERT] Fundamentals 42 Questions

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Rakesh and Roshan are partners, sharing profits in the ratio of 3 : 2 with capitals of ₹ 40,000 and ₹ 30,000 respectively

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The capital accounts of Moli and Golu showed balances of ₹ 40,000 and ₹ 20,000 as on April 01, 2019

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Rishi is a partner in a firm. He withdrew the following amounts during the year ended March 31, 2020

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Following is the extract of the Balance Sheet of, Neelkant and Mahadev as on March 31, 2020

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On March 31, 2017 after the close of accounts, the capitals of Mountain, Hill and Rock stood in the books of the firm

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Sunflower and Pink Rose started partnership business on April 01, 2019 with capitals of ₹ 2,50,000 and ₹ 1,50,000, respectively

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Rahul, Rohit and Karan started partnership business on April 1, 2019 with capitals of ₹ 20,00,000, ₹ 18,00,000 and ₹ 16,00,000, respectively

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Sukesh and Vanita were partners in a firm. Their partnership agreement provides that:

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Ramesh and Suresh were partners in a firm sharing profits in the ratio of their capitals contributed on commencement of busienss which were ₹ 80,000 and ₹ 60,000 respectively

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Simmi and Sonu are partners in a firm, sharing profits and losses in the ratio of 3 : 1

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Amann, Babita and Suresh are partners in a firm. Their profit sharing ratio is 2 : 2 : 1

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Ram, Raj and George are partners sharing profits in the ratio 5 : 3 : 2

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The partnership agreement between Maneesha and Girish provides that Profits will be shared equally:

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Lokesh and Azad are partners sharing profits in the ratio 3 : 2 with capitals of ₹ 50,000 and 30,000, respectively

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Rakhi and Shikha are partners in a firm, with capitals of ₹ 2,00,000 and ₹ 3,00,000 respectively

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Aakriti and Bindu entered into partnership for making garment on April 01, 2019 without any Partnership agreement

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Anubha and Kajal are partners of a firm sharing profits and losses in the ratio of 2 : 1. Their capital, were ₹ 90,000 and ₹ 60,000

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