Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans The following is the Balance Sheet of A and B as at 31st March, 2024: Mrs. A’s Loan ₹ 15,000 Mrs. B’s Loan ₹ 10,000 557 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Mrs. Rita Chowdhary and Miss Shobha are partners in a firm, ‘Fancy Garments Exports’ sharing profits and losses equally. On 1st April, 2024, the Balance Sheet of the firm was as follows: 413 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 1 : 2 : 2. Their Balance Sheet as at 31st March 2024 was as follows: 446 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Anurag and Prem were partners sharing profits and losses in 2 : 1. On 31st March, 2023 their Balance Sheet was as follows: 304 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pritam and Naresh decided to dissolve their firm on September 30, 2023, when their Balance Sheet stood as follows: 376 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans The following was the Balance Sheet of X, Y and Z as at 28.2.2023: 306 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A B and C were in partnership sharing profits in the ratio of 2 : 1 : 1. Their Balance Sheet showed the following position on the date of dissolution: 429 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A and B were partners sharing profits and losses in 2 : 1. Their Balance Sheet as at 31st March, 2023 was as follows: 380 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans The following is the Balance Sheet of A and B as at 31st March, 2023. The profit sharing ratios of the partners are 3 : 2. 357 viewsAnurag Pathak Changed status to publish September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans L a partner, was appointed to look after the dissolution process for which he was given a remuneration of ₹ 10,000 331 viewsAnurag Pathak Answered question September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Expenses of realisation ₹ 8,000, Expenses of realisation ₹ 10,000 were paid by a partner 374 viewsAnurag Pathak Changed status to publish September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Manoj and Nand were partners sharing profits in the ratio of 3 : 2. Pass journal entries under following situations at the time of dissolution of firm: 424 viewsAnurag Pathak Changed status to publish September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Karan and Vijay are partners in a firm sharing profits and losses in the ratio of 4 : 3. They admit Shrey for 1/3 share in the profits. 436 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Following is the Balance Sheet of Amit and Vidya as at 31st March, 2024: Creditors ₹ 26,000 Employees Provident Fund ₹ 16,000 347 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Om, Ram and Shanti were partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2014 their Balance Sheet was as follows: 447 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Ashok and Biju were partners sharing profits and losses in the ratio of 3 : 1 respectively. The following was their balance sheet as at 31st March, 2024 374 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the proportion of 3 : 2. Their Balance Sheet as at 31st March, 2024 was as follows: 468 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 5 : 3. C was admitted for 1/4th share in profits. C acquires this share as 3/16 from A and 1/4th of his share from B. C brings in ₹ 1,00,000 as his capital 363 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd 551 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros 501 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Downhill Ltd. purchased Plant and Machinery for ₹ 10,00,000 payable as ₹ 3,25,000 in cash and balance by issue of 10% Debentures of ₹ 1,000 each issued at a discount of 10%. Pass Journal entries 626 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Airdrop Ltd. issued 6,000; 10% Debentures of ₹ 50 each at a premium of ₹ 15 payable as follows ₹ 15, including premium of ₹ 5 on application: 601 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Universal Auto Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application 621 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Fortune Ltd. issued 2,000; 8% Debentures of ₹ 100 each payable as follows ₹ 25 on application ₹ 25 on allotment and ₹ 50 on first and final call 528 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans BG Ltd. forfeited 2,000 Equity Shares of ₹ 100 each, issued at a premium of ₹ 50 per share, held by Ram for non-payment of the final call of ₹ 30 per share 619 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital « Previous 1 2 … 14 15 16 17 18 … 169 170 Next » Question and answer is powered by anspress.net
