Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A, B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2. D is admitted into the firm for 1/4 share in profits, which he gets as 1/8 from A and 1/8 from B. The total capital of the firm is agreed upon as ₹ 3,20,000 188 viewsAnurag Pathak Answered question September 4, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners sharing profits in the ratio of 2 : 1. Their balance Sheet as at 31st March, 2022 was as follows: 226 viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners in a firm. They share profits and losses in the ratio of 2 : 1. Their Balance Sheet as at 31st March, 2023 stood as under: 182 viewsAnurag Pathak Changed status to publish September 4, 2024DK Goel Admission of a Partner 0 Votes 1 Ans On 31st March 2022, the Balance Sheet of A and B, who were sharing profits in the ratio of 3 : 2 was as follows: 219 viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Mohan and Mahesh were partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2024 they admitted Nusrat as a partner in the firm. The Balance Sheet of Mohan and Mahesh on that date was as under: 196 viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y were partners sharing profits in the ratio of 1 : 2. Their Balance Sheet as at 31st March, 2024 was as follows: 187 viewsAnurag Pathak Changed status to publish September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Nem and Khem sharing profits in the ratio of 3 : 2 admit Prem as a partner with 1/3 share in profits. He had to contribute proportionate capital. They had following financial position 211 viewsAnurag Pathak Answered question September 2, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 3 : 1. Their Balance sheet as at 31st March, 2023, was as under: 203 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 6 : 3 : 1. Their respective capitals are A ₹ 5,00,000; B ₹ 4,00,000 and C ₹ 2,00,000. They decide to admit D into partnership and the new profit sharing ratio is agreed at 3 : 3 : 3 : 1 263 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Following is the Balance sheet of X and Y who share profits and looses in the ratio of 3 : 2 as at 31st March, 2022: 167 viewsAnurag Pathak Changed status to publish September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Following figures have been extracted from the books of X and Y who share profit and losses in the ratio of 7 : 3. 200 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. Their respective capitals were A ₹ 3,00,000; B ₹ 2,00,000 and C ₹ 1,80,000. On 1st April, 2024 they admitted D as a new partner 197 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Asin and Shreya are partners in a firm. They admit Ajay as a new partner with 1/5th share in the profits of the firm. Ajay brings ₹ 5,00,000 as his share of capital 205 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners with capital of ₹ 13,00,000 and ₹ 20,00,000. They share profits in the ratio of 1 : 2. They admit Z as a partner with 1/5th share in the profits of the firm. Z brings in ₹ 12,00,000 as his share of capital 189 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Hemant and Nishant were partners in a firm sharing profits in the ratio of 3 : 2. Their Capitals were ₹ 1,50,000 and ₹ 1,30,000 respectively. They admitted Somesh on 1st April, 2024 as a new partner for 1/5th share in the future profits 223 viewsAnurag Pathak Answered question September 1, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners in a firm sharing profits and losses in the ratio of 5 : 3. On 31st March, 2024, their Balance Sheet was as under: 235 viewsAnurag Pathak Answered question August 31, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are in partnership sharing profits and losses in the ratio of 3 : 2. On 1st April 2024, they admitted C into partnership. He paid ₹ 50,000 as his capital but nothing for Goodwill which was valued at ₹ 40,000 for the time 245 viewsAnurag Pathak Changed status to publish August 31, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Gautam and Rahul are partners in a firm, sharing profits and losses in the ratio of 2 : 3. Their Balance Sheet as at 31st March, 2023, was as follows: 201 viewsAnurag Pathak Changed status to publish August 31, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are in partnership sharing profits and losses in the ratio of 3 : 1. Their Balance Sheet as at 31st Jan;, 2023 was as follows: 204 viewsAnurag Pathak Answered question August 31, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X, Y and Z are equal partners with capitals of ₹ 1,50,000, ₹ 1,75,000 and ₹ 2,00,000 respectively. They agree to admit W into equal partnership upon payment in cash of ₹ 1,50,000 for one-fourth share of the goodwill 197 viewsAnurag Pathak Edited answer August 30, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners. They admit Z as a partner and new profit sharing ratio is agreed at 3 : 2 : 1. Z brings in Capital of ₹ 1,50,000 and ₹ 40,000 as premium for goodwill in Cash 255 viewsAnurag Pathak Changed status to publish August 30, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y were partners with capitals of ₹ 4,00,000 and ₹ 3,50,000. They shared profits in the ratio of 3 : 2. On 1st April, 2024, they admitted Z for 1/5th share. On this date their creditors were ₹ 3,20,000 and general reserve ₹ 1,80,000 203 viewsAnurag Pathak Answered question August 30, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y share profits in the ratio of 5 : 3. Their balance sheet as at 31st March, 2024 was as follows: 210 viewsAnurag Pathak Edited answer August 30, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 3 : 1. They admitted C as a partner by giving him 1/4th share of profits which he acquired from A and B in the ratio of 2 : 1. C brings in ₹ 1,00,000 as Capital and ₹ 36,000 as goodwill in cash 239 viewsAnurag Pathak Answered question August 29, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Vimal and Nirmal are partners sharing profits in the ratio of 3 : 2. Following was the position of their business as at 31st March, 2024: 194 viewsAnurag Pathak Changed status to publish August 29, 2024DK Goel Admission of a Partner « Previous 1 2 … 9 10 11 12 13 … 161 162 Next » Question and answer is powered by anspress.net
