Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Rajesh and Mukesh are equal partners in a firm. They admit Hari into partnership and the new profit sharing ratio between Rajesh, Mukesh and Hari is 4 : 3 : 2. On Hari’s admission goodwill of the firm is valued at Rs. 36,000 290 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Mohan Lal and Sohan Lal were partners in a firm sharing profits and losses in 3 : 2 ratio. They admitted Ram Lal for 1/4 share on 1.1.2013. It was agreed that goodwill of the firm will be valued at 3 years purchase of the average profits of last 4 years which were Rs. 50,000 for 2013, Rs. 60,000 for 2014, Rs. 90,000 for 2015 and Rs. 70,000 for 2016 253 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Amar and Samar were partners in a firm sharing profits and losses in 3 : 1 ratio. They admitted Kanwar for 1/4 share of profits. Kanwar could not bring his share of goodwill premium in cash 233 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Aditya and Balan are partners sharing profits and losses in 3 : 2 ratio. They admitted Christopher for 1/4 share in the profits. The new profit sharing ratio agreed was 2 : 1 : 1 258 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans X and Y are partners in a firm sharing profits and losses in 4 : 3 ratio. They admitted Z for 1/8 share. Z brought Rs. 20,000 for his capital and Rs. 7,000 for his 1/8 share of goodwill 297 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Arti and Bharti are partners in a firm sharing profits in 3 : 2 ratio. They admitted Sarthi for 1/4 share in the profits of the firm. Sarthi brings Rs. 50,000 for his capital and Rs. 10,000 for his 1/4 share of goodwill 268 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses in the ratio of 3 : 2. They decide to admit C into partnership with 1/4 share in profits. C will bring in Rs. 30,000 for capital and the requisite amount of goodwill premium in cash 335 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Verma and Sharma are partners in a firm sharing profits and losses in the ratio of 5 : 3. They admitted Ghosh as a new partner for 1/5 share of profits. Ghosh is to bring in rs. 20,000 as capital and Rs. 4,000 as his share of goodwill premium 237 viewsAnurag Pathak Edited answer August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A business has earned average profits of Rs. 1,00,000 during the last few years. Find out the value of goodwill by capitalisation method, given that the assets of the business are Rs. 10,00,000 and its external liabilities are Rs. 1,80,000 262 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Rajan and Rajani are partners in a firm. Their capitals were Rajan Rs. 3,00,000; Rajani Rs. 2,00,000. During the year 2015 the firm earned a profit of Rs. 1,50,000 237 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans The books of Ram and Bharat showed that the firm’s capital on 31. 12. 2016 was Rs. 5,00,000 and the profits for the last 5 years : 2015 Rs. 40,000; 2014 Rs. 50,000; 2013 Rs. 55,000; 2012 Rs. 70,000 and 2011 Rs. 85,000 248 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Firm’s Capital in a business is Rs. 2,00,000. The normal rate of return on firm’s capital is 15%. During the year 2015 the firm earned a profit of Rs. 48,000 223 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Compute the value of goodwill on the basis of four years purchase of the average profits based on the last five years? The profits for the last five years were as follows 250 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Rao and Swami are partners in a firm sharing profits and losses in 3 : 2 ratio. They admit Ravi as a new partner for 1/8 share in the profits. The new profit sharing ratio between Rao and Swami is 4 : 3 250 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Sandeep and Navdeep are partners in a firm sharing profits in 5 : 3 ratio. They admit C into the firm and the new profit sharing ratio was agreed at 4 : 2 : 1. Calculate the sacrificing ratio 248 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Singh, Gupta and Khan are partners in a firm sharing profits in 3 : 2 : 3 ratio. They admitted Jain as a new partner. Singh surrendered 1/3 of his share in favour of Jain 209 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans Radha and Rukmani are partners in a firm sharing profits in 3 : 2 ratio. They admitted Gopi as a new partner. Radha surrendered 1/3 of her share in favour of Gopi and Rukmani surrendered 1/4 of her share in favour of Gopi 198 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in 3 : 3 : 2 ratio. They admitted D as a new partner for 4/7 profit. D acquired his share 2/7 from A. 1/7 from B and 1/7 from C 192 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 0 Ans A and B were partners in a firm sharing profits in 3 : 2 ratio. They admitted C for 3/7 share which he took 2/7 from A and 1/7 from B. Calculate new profit sharing ratio? 177 viewsAnurag Pathak Changed status to publish August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A, B and C are partners sharing profits in 3 : 2 : 2 ratio. They admitted D as a new partner for 1/5 share which he acquired from A, B and C in 2 : 2 : 1 ratio respectively. Calculate new profit sharing ratio? 190 viewsAnurag Pathak Answered question August 10, 2024[NCERT] Admission of Partner 0 Votes 1 Ans P and Q are partners sharing profits in 2 : 1 ratio. They admitted R into partnership giving him 1/5 share which he acquired from P and Q in 1 : 2 ratio. Calculate new profit sharing ratio? 189 viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A, B and C are partners sharing profits in 2 : 2 : 1 ratio admitted D for 1/8 share which he acquired entirely from A. Calculate new profit sharing ratio? 214 viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans X and Y are partners sharing profits in 5 : 3 ratio admitted Z for 1/10 share which he acquired equally for X and Y. Calculate new profit sharing ratio? 189 viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A B C were partners in a firm sharing profits in 3 : 2 : 1 ratio. They admitted D for 10% profits. Calculate the new profit sharing ratio? 226 viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner 0 Votes 1 Ans A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. They admit C into the partnership with 1/6 share in the profits. Calculate the new profit sharing ratio? 183 viewsAnurag Pathak Answered question August 9, 2024[NCERT] Admission of Partner « Previous 1 2 … 13 14 15 16 17 … 161 162 Next » Question and answer is powered by anspress.net
