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 Rajan Ltd Purchased assets from Geeta & Co. for 5,00,000. A sum of ₹ 1,00,000 was paid by means of a bank draft 3.77K viewsAnurag Pathak Changed status to publish March 17, 2024[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Samiksha, Arshiya and Divya were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. With effect from 1st April, 2022, they agreed to share profits and losses in the ratio of 2 : 5 : 3. 6.33K viewsAnurag Pathak Changed status to publish March 17, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thChange in Profit Sharing RatioMCQs (PSR) 0 Votes 1 Ans Altaur Ltd. was registered with an authorised Capital of ₹ 4,00,00,000 divided in 25,00,000 Equity Shares of ₹ 10 each and 1,50,000, 9% Preference Shares of ₹ 100 each 5.06K viewsAnurag Pathak Posted new comment March 18, 2024[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans VXN Ltd. invited applications for issuing 50,000 equity shares of ₹ 10 each at a premium of ₹ 8 per share. The amount was payable as follows: 4.32K viewsAnurag Pathak Posted new comment March 17, 2024[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Max Ltd. forfeited 500 shares of ₹ 100 each for non-payment of first call of ₹ 20 per share and final call of ₹ 25 per share. 250 of these shares were re-issued at ₹ 50 per share fully paid-up. 5.25K viewsAnurag Pathak Changed status to publish March 17, 2024[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Suraj, Pawan and Kamal are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2023 is: 7.38K viewsAnurag Pathak Posted new comment March 17, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thRetirement of Partner 0 Votes 1 Ans Following is the Balance sheet of Kusum, Sneh and Usha as on 31st March, 2023, who have agreed to share profits and losses in proportion of their capitals: 6.28K viewsAnurag Pathak Posted new comment March 17, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thRetirement of Partner 0 Votes 1 Ans On 1st April, 2022, Solar Power Ltd. issued 10,000, 8% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 15% at the end of five years 3.38K viewsAnurag Pathak Posted new comment February 21, 2024[CBSE] Issue of Debenture 0 Votes 1 Ans Rajiv, Shail and Trilok were partners sharing profits and losses in the ratio of 5 : 3 : 2. On 31st March, 2023, their Balance Sheet stood as under: 1.94K viewsAnurag Pathak Changed status to publish February 15, 2024[CBSE] Death of Partner 0 Votes 1 Ans Bright Ltd. took over the assets of ₹ 6,60,000 and liabilities of ₹ 80,000 of Star Ltd. for an agreed purchase consideration of ₹ 6,00,000 payable 10% in cash and the balance by the issue of 12% Debentures of ₹ 100 each 3.42K viewsAnurag Pathak Posted new comment December 16, 2023[CBSE] Issue of Debenture 0 Votes 1 Ans Hari and Kunal were partners in a firm sharing profits in the ratio of 5:3. Their fixed capitals on 31st March 2022 were: Hari ₹ 60,000 and Kunal ₹ 80,000. They agreed to allow interest on capital @ 12% p.a. 4.62K viewsAnurag Pathak Changed status to publish December 15, 2023[CBSE] Fundamentals of Partnership FirmAccountancy Class 12th 0 Votes 1 Ans A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2022, their capitals were ₹ 8,000 and ₹ 10,000 respectively 4.33K viewsAnurag Pathak Changed status to publish December 11, 2023[CBSE] Admission of Partner[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Shareholder’s Funds ₹ 10,00,000; Long-term Debts ₹ 20,00,000; Gros Profit at 20% on Cost was ₹ 20,00,000. Calculate Net Assets or Capital Employed Turnover Ratio. 2.80K viewsAnurag Pathak Changed status to publish December 11, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans From the following information, Calculate: (a) Proprietary Ratio; (b) Debt to Equity Ratio; and (c) Total Assets to Debt Ratio. 1.63K viewsAnurag Pathak Changed status to publish December 11, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Neeraj Ltd. took over business of Ajay Enterprises on 1-04-2020. The details of the agreement regarding the assets and liabilities to be taken over are: 4.29K viewsAnurag Pathak Changed status to publish December 11, 2023[CBSE] Issue of Debenture 0 Votes 1 Ans From the following information, Calculate Debt to Equity Ratio: 2.35K viewsAnurag Pathak Changed status to publish December 11, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Following is the Balance Sheet of X Ltd as at 31st March, 2018: 5.17K viewsAnurag Pathak Changed status to publish December 2, 2023[CBSE] TS Grewal SolutionsCash Flow Statement 0 Votes 1 Ans Lal, Bal and Pal are partners sharing profits in the ratio of 5 : 3 : 7. Lal retired from the firm. Bal and Pal decided to share future profits in the ratio of 2 : 3 5.41K viewsAnurag Pathak Changed status to publish November 12, 2023[CBSE] TS Grewal SolutionsAccountancy Class 12thRetirement of Partner 0 Votes 1 Ans Adil and Bhavya are partners sharing profits and losses in the ratio of 7 : 5. They admit Cris, their Manager, into partnership who is to get 1/6th share in the business 6.58K viewsAnurag Pathak Changed status to publish November 12, 2023[CBSE] Admission of Partner[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate Cash flow from Operating Activities from the following information: Net Profit (Difference between Closing and Opening Balance of Surplus, i.e., Balance in Statement of Profit & Loss) 8,00,000 4.69K viewsAnurag Pathak Changed status to publish October 23, 2023[CBSE] TS Grewal SolutionsCash Flow Statement 0 Votes 1 Ans Vishesh Ltd. forfeited 1,000 Equity Shares of ₹ 10 each issued at a premium of ₹ 2 per share for non-payment of allotment money of ₹ 5 per share including premium 3.90K viewsAnurag Pathak Changed status to publish October 14, 2023[CBSE] TS Grewal SolutionsAccounting For Share Capital 0 Votes 1 Ans Fit India Ltd. has paid-up share capital of ₹ 1,00,00,000 (divided into 5,00,000 Equity Shares of ₹ 20 each) and 10,000, 7% Debentures of ₹ 200 each 4.43K viewsAnurag Pathak Changed status to publish October 10, 2023[CBSE] Issue of Debenture 0 Votes 1 Ans Dev Ltd. acquired running business of Amrit Ltd. having assets of ₹ 10,00,000 and liabilities of ₹ 2,50,000. 9% Debentures of ₹ 100 each were issued for the acquisition of business at a premium of ₹ 20 per debenture 4.00K viewsAnurag Pathak Changed status to publish October 10, 2023[CBSE] Issue of Debenture 0 Votes 1 Ans On 1st April, 2018, Mathew Ltd. issued 10,000, 9% Debentures of ₹ 100 each at a discount of 5% redeemable at a premium of 5% 3.50K viewsAnurag Pathak Changed status to publish October 10, 2023[CBSE] Issue of Debenture 0 Votes 1 Ans On 1st June, 2020, R Energy Ltd. issued 10,000, 7% Debentures of ₹ 100 each at a discount of 10% redeemable at a premium of 10% at the end of five years 3.26K viewsAnurag Pathak Changed status to publish October 10, 2023[CBSE] Issue of Debenture « Previous 1 2 … 5 6 7 8 9 … 40 41 Next » Question and answer is powered by anspress.net
