Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A and B are partners sharing profits and losses as 2 : 1. On 1st April, 2021 they admit C as a partner for 1/4th share who pays ₹ 4,50,000 as goodwill privately. On 1st April, 2022, they take D as a partner for 3/5th share who brings ₹ 4,00,000 as goodwill 168 viewsAnurag Pathak Changed status to publish August 23, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1. They admit D for 1/4th share in the profits and he brought in ₹ 1,50,000 as his share of goodwill which was credited to the Capital Accounts of B and C respectively with ₹ 1,25,000 and ₹ 25,000 164 viewsAnurag Pathak Changed status to publish August 23, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners sharing profits and losses in the ratio of 3 : 2. They admit Z into partnership, Z paying a premium of ₹ 1,00,000 for 1/4th share of the profits while X and Y as between themselves sharing profits and losses equally. Give Journal entries 192 viewsAnurag Pathak Answered question August 23, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Partners A, B and C share the profit of a business in the ratio of 3 : 2 : 1 respectively. For one-sixth share they admit D who brings in ₹ 2,00,000 including ₹ 60,000 for his share of goodwill 158 viewsAnurag Pathak Changed status to publish August 23, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A B and C are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They admitted D as a new partner, who brings ₹ 5,00,000 as capital and ₹ 2,10,000 as his share of goodwill in cash 168 viewsAnurag Pathak Changed status to publish August 23, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y share profits and losses in the ratio of 3 : 2. They admit Z as a partner who pays ₹ 72,000 as premium for goodwill for 1/4th share in the future profits of the firm 183 viewsAnurag Pathak Answered question August 23, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Anju and Manju are partners, sharing profits and losses in the proportion of 7 : 5. They agreed to admit Meenu, their manager, into partnership, who is to get one sixth share in the business 164 viewsAnurag Pathak Answered question August 23, 2024DK Goel Admission of a Partner 0 Votes 1 Ans K and Y were partners in a firm sharing profits in 3 : 2 ratio. They admitted Z as a new partner for 1/3rd share in the profits of the firm. Z acquired his share from K and Y in 2 : 3 ratio 221 viewsAnurag Pathak Edited answer August 22, 2024DK Goel Admission of a Partner 0 Votes 1 Ans X and Y are partners sharing profits in the ratio of 4 : 3. Z joins partnership for 2/7th share in the profits (of which he acquires 3/4th from X and 1/4th from Y). Z brings in ₹ 3,00,000 for his capital and ₹ 1,20,000 for goodwill 159 viewsAnurag Pathak Answered question August 22, 2024DK Goel Admission of a Partner 0 Votes 1 Ans P and Q are partners sharing profits and losses in the ratio of 2 : 1. They admit R into partnership for 4/9th share in profits which he acquires equally from P and Q. R brings in cash ₹ 2,50,000 as capital and ₹ 1,80,000 as goodwill 182 viewsAnurag Pathak Answered question August 22, 2024DK Goel Admission of a Partner 0 Votes 1 Ans L M and N are partners sharing profits in the ratio of 3 : 2 : 1. They admit O into partnership. O brings in cash ₹ 4,50,000 as capital and ₹ 1,50,000 as goodwill for 1/5th share of profits 231 viewsAnurag Pathak Answered question August 22, 2024DK Goel Admission of a Partner 0 Votes 1 Ans P, Q and R are partners sharing profits and losses in the ratio of 5 : 3 : 2. S is admitted as a new partner for 1/5th share. P sacrifices 1/10th from his share in favour of S and remaining sacrifice was made by Q and R in the ratio of 2 : 1 205 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A B and C are partners sharing in the ratio of 4 : 3 : 2. They admit D for 1/9th share. It is agreed that A would retain his original share. Calculate the new ratios and sacrificing ratios 158 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners in a firm sharing profits in the ratio of 3 : 1. They admit C and decide that the profit-sharing ratio between B and C shall be same as existing between A and B. Calculate new profit-sharing ratio and the sacrificing ratio 297 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits and losses in the ratio of 4 : 3. C is admitted for 1/5th share. A and B decided to share equally in future. Calculate the new ratio and sacrificing ratio 215 viewsAnurag Pathak Edited answer August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses in the ratio of 5 : 3. They admit C and D as new partners. A sacrifices 1/2 of his share in favour of C and B sacrifices 1/4 from his share in favour of D 193 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. C is admitted into partnership. A sacrifices 1/3 of his share and B 1/10 from his share in favour of C. Determine the sacrificing ratio and the new profit sharing ratio 229 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 7 : 3. C was admitted. A surrendered 1/7th of his share and B 1/3rd of his share in favour of C. Calculate the sacrificing ratio and the new profit sharing ratios of the partners 209 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profit in the ratio of 5 : 3. C is admitted to the partnership for 1/4th share of future profits. Calculate the new profit sharing ratio and the sacrificing ratio 224 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 2 : 2 : 1 respectively. They admit D for 1/6th share in the firm. Calculate the sacrificing ratio 226 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A B and C share profit and losses in the ratio of 3 : 2 : 1. Upon admission of D, they agreed to share as follows: 214 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Saurabh and Gaurav are equal partners. They admit Chunmun as a partner in their firm and the new ratio of all the three has been decided upon as 4 : 3 : 2. Find the sacrificing ratio 186 viewsAnurag Pathak Answered question August 21, 2024DK Goel Admission of a Partner 0 Votes 1 Ans P and Q share profits in 3 : 2. On 1st April, 2022, they admit R and S with 1/4 and 1/5 share respectively. The profit of the firm for the year ended 31st March 2023 amounted to ₹ 2,00,000 170 viewsAnurag Pathak Changed status to publish August 20, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B share profits and losses in the ratio of 3 : 2. They admit C as a new partner for 1/3rd share in the profits of the firm which he acquired from A and B in the ratio of 2 : 3 214 viewsAnurag Pathak Changed status to publish August 20, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits and losses in the ratio of 3 : 2. They admit X and Y as new partners. A surrendered 1/3rd of his share in favour of X and B surrendered 1/4th of his share in favour of Y. Calculate the new profit sharing ratio of A, B, X and Y 164 viewsAnurag Pathak Answered question August 20, 2024DK Goel Admission of a Partner « Previous 1 2 … 11 12 13 14 15 … 161 162 Next » Question and answer is powered by anspress.net
