Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Kavya, Manya and Navita were partners sharing profits as 50%, 30% and 20% respectively. On 31-3-2016, their Balance sheet was as under: 36 viewsAnurag Pathak Answered question 1 day agoDK Goel Retirement of a partner 0 Votes 1 Ans Krish, Vrish and Peter are partners sharing profits in the ratio of 3 : 2 : 1. Vrish retired from the firm. On that date the balance Sheet of the firm was as follows:Krish, Vrish and Peter are partners sharing profits in the ratio of 3 : 2 : 1. Vrish retired from the firm. On that date the balance Sheet of the firm was as follows: 35 viewsAnurag Pathak Changed status to publish 1 day agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are in partnership sharing profits in the proportion of 3 : 2 : 1. There is no goodwill A/c in the books of the firm. As from 1st April, 2023, it was agreed that X should give only part of time 50 viewsAnurag Pathak Answered question 1 day agoDK Goel Retirement of a partner 0 Votes 1 Ans L, M and O were partners in a firm sharing profits in 1 : 3 : 2 ratio. L retired and the new profit sharing ratio between M and O was 1 : 2. On L’s retirement the goodwill 61 viewsAnurag Pathak Answered question 2 days agoDK 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. A retires and his share is taken up by B and C equally. Find the new profit sharing ratio and the gaining ratio. 65 viewsAnurag Pathak Changed status to publish 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans L, M, N and O are partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1 : 1. M and O decided to retire from the firm. The goodwill of the firm was valued at ₹ 3,60,000 48 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans Ravi, Mukesh, Naresh and Yogesh are partners in a firm sharing profits in the ratio of 2 : 2 : 1 : 1. On Mukesh’s retirement the goodwill of the firm is valued at ₹ 90,000 50 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans M, N and O who are partners in a firm share profits in the ratio of 3 : 2 : 1. Goodwill has been valued at ₹ 60,000. On N’s retirement, M and O agree to share profits equally. 48 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans Alia, Karan and Shilpa were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at a value of ₹ 60,000 and General Reserve at ₹ 20,000 47 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners with capitals of ₹ 1,00,000; ₹ 75,000 and ₹ 50,000 respectively. On C’s retirement, his share is acquired by A and B in the ratio of 6 : 4. Ascertain new profit sharing ratio and gaining ratio 60 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners with capitals of ₹ 1,00,000; ₹ 75,000 and ₹ 50,000 respectively. They share profits and losses in the ratio of their capital. C retires 58 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits and losses equally. B dies. A and C agree to share future profits in the ratio of 7 : 5. Calculate the gaining ratio 46 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans Suman, Shubham and Siya were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Shubham retired from the firm and Suman and Siya decided to continue the business 59 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans H, P and S were partners in a firm sharing profits in the ratio of 4 : 3 : 1. On August 1, 2017, P died. His 20% share was acquired by H and remaining by S. Calculate the new profit sharing ratio. 56 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 4 : 3 : 2. B retires from the firm. Calculate the new ratio, if 55 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z were partners sharing profits in the ratio of 4/9 : 3/9 : 2/9. X retires and his share was taken up by Y and Z in the ratio of 2 : 1. Find out the new ratio 49 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 1/5, 1/3 and 7/15 respectively. C retires and his share was taken up by A and B in the ratio of 3 : 2. Calculate the new ratio. 43 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans Shiv, Mohan and Hari were partners in a firm sharing profits in the ratio of 5 : 5 : 4. Mohan retired and his share was divided equally between Shiv and Hari 32 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 8 : 4 : 3. B retires and his share is taken up equally by A and C 72 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 1/2 : 3/8 : 1/8. Calculate the new ratio if C retires. 48 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans A, B, C, and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. A and C retire from the firm. Calculate the new profit sharing ratio of B and D. 56 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 5 : 6 : 9. On 31.3.2023, their Balance Sheet was as follows: 56 viewsAnurag Pathak Changed status to publish 2 days agoDK Goel Retirement of a partner 0 Votes 1 Ans L, M and N were partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 1.4.2022 was as under: 58 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 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 52 viewsAnurag Pathak Answered question 2 days agoDK 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 59 viewsAnurag Pathak Answered question 2 days agoDK Goel Retirement of a partner 1 2 3 … 173 174 Next » Question and answer is powered by anspress.net
