Category [CBSE] TS Grewal Solutions [CBSE] TS Grewal Solutions 803 Questions 10 Sub Categories[CBSE] Admission of Partner(141)[CBSE] Death of Partner(41)[CBSE] Dissolution of Partner(55)[CBSE] Fundamentals of Partnership Firm(234)[CBSE] Issue of Debenture(58) Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans Mala, Neela and Kala were in partnership sharing profits in the ratio of 7 : 2 : 1 and the Balance Sheet of the firm as at 31st March, 2023 was: 6.01K viewsAnurag Pathak Changed status to publish July 31, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans A, B and C were partners sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance sheet as at 31st March, 2018 was as follows: 4.87K viewsAnurag Pathak Changed status to publish July 31, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Ramu, Laxman and Bharat started business on 1st April, 2021 with capitals of ₹ 1,00,000, ₹ 80,000 and ₹ 60,000 respectively sharing profits and losses in the ratio of 4 : 3 : 3. 5.04K viewsAnurag Pathak Changed status to publish July 31, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Ashish and Kanav were partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2018 their Balance Sheet was as follows: 5.20K viewsAnurag Pathak Changed status to publish July 31, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pradeep and Rajesh were partners in a firm sharing profits and losses in the ratio of 3 : 2. They decided to dissolve their partnership firm on 31st March, 2018. 4.43K viewsAnurag Pathak Changed status to publish July 31, 2023[CBSE] Dissolution of Partner 0 Votes 1 Ans Karim Rehman and Navel are partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2022 was as follows: 4.03K viewsAnurag Pathak Changed status to publish July 30, 2023[CBSE] TS Grewal Solutions 0 Votes 1 Ans Ajeet Vijeet and Sujeet are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They decide to share profits and losses in the ratio of 2 : 5 : 3 with effect from 1st Apirl, 2023. Land (having book value of ₹ 1,00,000) was found undervalued by ₹ 2,50,000 and stock (having book value of ₹ 4,00,000) was found overvalued by ₹ 3,00,000. Pass the necessary adjusting entry without affecting the existing book’s value. 6.90K viewsAnurag Pathak Changed status to publish July 29, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thChange in Profit Sharing Ratio 0 Votes 1 Ans Dharam, a partner, was appointed to look after the process of dissolution at a remuneration of ₹ 12,000 and he had to bear the dissolution expenses. Dissolution expenses ₹ 11,000 were paid by Dharam. 2.22K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass the Journal entries for the following transactions on the dissolution of the firm of P and Q after assets (other than cash) and outside liabilities have been transferred to Realisation Account: 2.87K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass Journal entries for payment of following unrecorded liabilities on the dissolution of a firm of partners Shiv and Mohan: 2.09K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Lal and Pal were partners in a firm sharing profits in the ratio of 3 : 7. On 1st April, 2015, their firm was dissolved. After transferring assets (other than cash) and outsider’s liabilities to Realisation Account, you are given the following information: 2.88K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Neeraj, Dheeraj and Sheeraj were partners in a firm since 2015. Due to some personal financial needs and constant disagreements among them, they decided to dissolve the firm. 3.83K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Suman and Rajan were partners in a firm sharing profits and losses in the ratio of 3 : 1. The firm was dissolved on 31st March 2019. Pass the necessary Journal entries for the following transactions after various assets (other than cash in hand and a bank) and third-party liabilities have been transferred to Realisation Account. 3.02K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Rohit, Kunal and Sarthak are partners in a firm. They decided to dissolve their firm. Pass necessary Journal entries for the following after various assets (other than Cash and Bank) and the third party liability have been transferred to Realisation Account: 3.13K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Aman and Harsh were partners in a firm. They decided to dissolve their firm. Pass necessary Journal entries for the following after assets 3.65K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass necessary Journal entries to record the following unrecorded assets and liabilities in the books of Paras and Priya. 2.27K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Simar, Raja and Rita were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. The firm was dissolved on 31st March, 2019. 3.43K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Nisha, Kamal and Vijay has an automobile spare parts business. Due to strained relationship among the partners, they were unable to take collective decisions for the growth of business. 2.22K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans The firm of Manjeet, Sujeet and Jagjeet was dissolved on 31st March, 2018. It was agreed that Sujeet will take care of the dissolution related activities and will get 10% of the value of assets realised. 2.94K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass, Journal entries for the following at the time of dissolution of the firm of X and Y after the various assets (other than cash) and outside liabilities have been transferred to Realisation Account: 4.95K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Charu, Dhwani, Iknoor and Paavni were partners in a firm. They had entered into partnership firm last year only, through a verbal agreement. 4.74K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Creditors of ₹ 85,000 accepted ₹ 40,000 as cash and investment of ₹ 43,000, in full settlement of their claim. 1.96K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Realisation expenses of ₹ 10,000 were to be borne by Mohan, a partner, but were paid by the firm. 3.85K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Expenses of realisation ₹ 600 to be borne by the firm and are paid by Mohan, a partner. 3.25K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Pass the Journal entry when an unrecorded liability of ₹ 15,000 is settled at ₹ 10,000 and paid by X, a partner on the dissolution of a firm? 3.04K viewsAnurag Pathak Changed status to publish July 27, 2023[CBSE] Dissolution of Partner[CBSE] TS Grewal Solutions « Previous 1 2 … 20 21 22 23 24 … 40 41 Next » Question and answer is powered by anspress.net
