Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Kushal, Kumar and Kavita were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 1st April, 2023 their Balance Sheet was as follows: 2.40K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 31st March 2022 C retired. Following balances were disclosed by the Firm’s Balance Sheet on this date: 2.18K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R are partners in a firm. R retires from the firm. On the date of retirement, ₹ 3,00,000 is due to him. It is agreed to pay him in instalments every year at the end of the year 2.16K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R were partners sharing profits and losses in the ratio of 5 : 3 : 2 respectively. As at 31st March, 2022 the Balance Sheet of the firm stood as follows: 2.44K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Following is the Balance Sheet of G, K & W as at 31st March, 2019 who share profits in the ratio of 3 : 2 : 1. 2.45K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans R, S and T were partners in a firm sharing profits in 2 : 2 : 1 ratio. On 1-4-2021 their Balance Sheet was as follows: 2.30K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Lalit, Madhur and Neena were partners sharing profits as 50%, 30% and 20% respectively. On 31st March, 2021, their Balance Sheet was as follows: 2.25K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in 4 : 3 : 3. Their Balance Sheet as at 31st March 2020 was as follows: 2.41K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners in a firm sharing profits in the ratio of 3 : 2 : 1. On April 1st 2024, X retires from the firm, Y and Z agree that the capital of the new firm shall be fixed at ₹ 2,10,000 in the profit-sharing ratio 2.23K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Ajay, Vijay and Sanjay are partners in a firm sharing profits and losses in the ratio of 5 : 4 : 3. Vijay retires. After making all adjustments relating to revolution, goodwill and accumulated profits 2.34K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans The Balance Sheet of X, Y and Z who were sharing profit in proportion of capitals is as follows: Sundry Creditors ₹ 7,000 2.56K viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R are partners in a firm. Q retires and his claim including his capital and his share of goodwill is ₹ 8,00,000. There was an unrecorded furniture valued at ₹ 60,000 2.22K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Piu and Nina are partners in a firm sharing profits and losses in the ratio of 3 : 1 respectively. Nina retires and her claim, including her capital and entitlements 1.99K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans On 31st March, 2022 the Balance Sheet of M/s A, B and C sharing profits and losses in proportion to their fixed Capitals stood as follows: 2.66K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are in partnership sharing profits in the ratio of 3 : 2 : 1. On 28th February, 2023 C retires from the firm. Their Balance Sheet on this date was as follows: 2.46K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z were partners in a firm sharing profits in 5 : 3 : 2 ratio. On 31st March, 2023 Z retired from the firm. On the date of Z’s retirement the Balance Sheet of the firm was as follows: 2.38K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Following is the Balance Sheet of X, Y and Z as at 31st March, 2022. They share profits in the ratio of 3 : 3 : 2. 2.41K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Sameer, Yasmin and Saloni were partners in a firm sharing profits and losses in the ratio of 4 : 3 : 3. On 31.3.2016, their Balance Sheet was as follows: 2.52K viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Anita, Gaurav and Sonu were partners in a firm sharing profits and losses in proportion to their capitals. Their Balance Sheet as at 31st March, 2019 was as follows: 2.23K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Manoj, Naveen and Deepak were partners sharing profits and losses in the ratio of 4 : 3 : 2. As at 1st April 2022, their Balance Sheet was as follows: 2.28K viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 2 : 3 : 5. On 31-3-2024 their Balance Sheet was as follows: 2.30K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners in a firm sharing profits and losses equally. The balance Sheet of the firm as at 31st March, 2023 stood as follows: 2.43K viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 5 : 3 : 2. C retires and A and B agree to share future profits in the ratio of 6 : 4 2.20K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 3 : 2 : 1. C retires and new profit sharing ratio is agreed at 3 : 1 2.19K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits and losses in the ratio of 2 : 2 : 1. A retries and the new ratio between B and C is agreed at 3 : 2. Give journal entries on A’s retirement in the following case: 1.92K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner « Previous 1 2 … 14 15 16 17 18 … 185 186 Next » Question and answer is powered by anspress.net
