Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans On 1st April, 2023 Ashish, Namish and Aman were partners sharing profits and losses in the ratio of 2/5, 2/5 and 1/5 respectively. On this date, Namish retires 335 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans P, Q, R and S were partners sharing profits in the ratio of 5 : 4 : 3 : 1. P and S retire from the firm. Calculate the gaining ratio and new profit sharing ratio 361 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z share profits in the ratio of 1/2, 3/10, 1/5. Calculate the gaining ratio and new ratios when 429 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 7 : 5 : 3. Find out the gaining ratio and new ratios when (i) A retires, (ii) B retires or (iii) C retires 433 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R are in partnership sharing profits and losses as 1/2, 2/6 and 1/6 respectively. R retires and his share is taken by P and Q in the ratio of 2 : 1 423 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans P, Q, R and S were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 2 : 1. On 31st March, 2022, P retired from the firm 364 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Aman, Naman and Neel were partners in a firm sharing profits in the ratio of 1 : 2 : 1. Neel retires and he surrenders 2/3rd of his share in favour of Aman and the remaining share in favour of Naman 350 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners sharing in the ratio of 2 : 2 : 1. Y retires and his share is entirely taken by Z. Calculate the new ratio 421 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 1/2 : 1/3 : 1/6. B retires and his share is taken by A and C in the ratio of 5 : 3. Calculate the new ratio 432 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 4 : 3 : 1. A retires and his share is taken over by B and C equally. Calculate the new ratio 397 viewsAnurag Pathak Edited answer October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. B retires and his share was taken up by A and C in the ratio of 3 : 2. Find out the new ratio 357 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans L, M and O were partners in a firm sharing profits in the ratio of 3 : 2 : 2. M retired and his share was divided equally between L and O 365 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners sharing profits in the ratio of 2/3 : 1/4 : 1/12. Calculate the new ratio if X retires 415 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 5 : 3 : 1 : 2. Calculate the new profit sharing ratio if B and C retire from the firm 385 viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 6 : 5 : 4. Calculate new profit sharing ratios if (i) A retires; (ii) B retires; (iii) C retires 432 viewsAnurag Pathak Edited answer October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Arun, Tarun and Varun share profits in the ratio of 2 : 2 : 1. On 31.12.2022 their Balance Sheet was as follows: 575 viewsAnurag Pathak Changed status to publish October 9, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Shipra Limited invited applications for 80,000 shares of ₹ 10 each payable as follows: ₹ 2.50 on Application (on 1st May, 2023) 341 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. issued 20,000, 7% Preference Shares of ₹ 100 each at a premium of 6%. Payments were to be made as – ₹ 25 on Application; ₹ 46 on Allotment, ₹ 10 on First call and ₹ 25 on Final Call 354 viewsAnurag Pathak Changed status to publish October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Madhur Ltd. took over the assets of ₹ 5,00,000 and Liabilities of ₹ 40,000 of Rasova Ltd. for a consideration of ₹ 4,00,000. 20% was paid by a cheque and the balance by issue of fully paid equity shares of ₹ 100 each at a premium of 60% 334 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. took over the following assets and liabilities of Y Ltd Land & Building ₹ 20,00,000; Stock ₹ 5,00,000; Sundry Debtors ₹ 2,50,000 and Sundry Creditors ₹ 2,00,000 405 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Tagore Ltd. purchased a running business from Tulsi Bros. for a sum of ₹ 60,00,000 payable by the issue of fully paid equity shares of ₹ 20 each at a premium of 50% 367 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pass journal entries for the following X Ltd purchased Land and Building from R. Sundram for ₹ 5,00,000 payable in fully paid shares of ₹ 100 each at a premium of 25% 332 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Vimal Ltd. purchased machinery of ₹ 9,90,000 from Kamal Ltd. The payment to Kamal Ltd was made by issuing equity shares of ₹ 100 each 315 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Kanpur Gas Ltd. issued 40,000 equity shares of ₹ 10 each at a premium of ₹ 1 per share. Amounts were payable as follows: 331 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Kiran Textiles Ltd. issued 50,000 Equity Shares of ₹ 10 each at a premium of ₹ 4 per share and 2,000, 6% Preference Shares of ₹ 100 each at par payable as follows: 323 viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) « Previous 1 2 … 11 12 13 14 15 … 169 170 Next » Question and answer is powered by anspress.net
