Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A, B and C are in partnership, sharing profits in the proportion of two-thirds, one-sixth and one-sixth respectively. A died on the 30th June, 2022 3.15K 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 5 : 3 : 2 respectively. Their Balance Sheet as at 31st March, 2023 was as follow: 3.59K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Brown and Smith are partners. The partnership deed provides: (i) That the Accounts be balanced on 31st December each year. 3.50K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D were partners sharing profits in the ratio of 5 : 3 : 2 : 2. B died on 1st March, 2024. Goodwill of the firm was valued at ₹ 6,00,000 2.88K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Tripti, Atishay and Radhika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance Sheet as at 31-3-2024 was as follows: 2.80K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Anuj, Tanuj and Vishesh were partners in a firm sharing profits in 2 : 2 : 1. Tanuj died on 31st July 2023. His capital on 1st April, 2023 was ₹ 6,00,000. You are informed that: 3.00K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm. A died on 31.3.2018 and the Balance Sheet of the firm on that date was as under: 3.14K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Ram, Ghanshyam and Vrinda were partners in a firm sharing profits in the ratio of 4 : 3 : 1. The firm closes its books on 31st March every year. On 1st February, 2023 Ghanshyam died 3.10K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. The Balance Sheet as at 31-3-2023 was as follows: 3.28K viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans The Balance Sheet of Sindhu, Rahul and Kamlesh, who were sharing profits in the ratio of 3 : 3 : 4 respectively, as at 31st March, 2023 was as follows: 3.23K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their books are closed on March 31st every year. B died on 1st August, 2022. The executors of B are entitled to: 3.95K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are sharing profits in the ratio of 4 : 3 : 2. A dies on 31st December, 2022. Accounts are closed on 31st March every year. Sales for the year ending 31st march, 2022 amounted to ₹ 4,00,000 2.71K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Hari, Mohan and Sohan were partners in a firm sharing profits in 2 : 2 : 1 ratio. The firm closes its books on 31st March every year. Mohan died on 24-8-2021. On Mohan’s death the goodwill of the firm was valued at ₹ 75,000 2.92K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners in a firm. B died on 31st August, 2021. B’s share of profit from the closure of the last accounting year till the date of death was to be calculated on the basis of the average of three completed years of profits before death 3.31K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans X, Y and Z are partners sharing profits in the ratio of 4 : 2 : 3. Y retires. on this date his Capital after making adjustments for reserves and revaluation exists at ₹ 2,00,000 2.93K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were equal partners. Their Balance Sheet as at 31st March, 2022 was as under: B/P ₹ 20,000 Creditors ₹ 40,000 3.44K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans P, Q and R are in partnership sharing profits in the ratio of 3 : 2 : 1. R retires. Following balances appeared in their books: 2.91K viewsAnurag Pathak Changed status to publish April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 3 : 2 : 1 respectively. B retired on 31st March, 2024. On that date the capitals of A, B and C after all adjustments were ₹ 5,10,000; ₹ 3,30,000 and ₹ 1,80,000 respectively. 3.26K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 0 Votes 1 Ans Radha, Manas and Arnav were partners in a firm sharing profits and losses in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st March, 2019 was as follows: 3.10K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner 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: 3.49K 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: 3.02K 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 3.40K 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: 3.46K 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. 3.50K 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: 3.29K viewsAnurag Pathak Answered question April 13, 2025DK Goel Retirement of a partner « Previous 1 2 … 17 18 19 20 21 … 188 189 Next » Search questions Search Questions Sahaj and Nimish entered into partnership on 1st April, 2025 without a partnership deed. They introduced capital of 5,00,000 and 3,00,000 respectively 1 Answer | 0 Votes Taran and Deep are partners sharing the profits and losses in the ratio of 2 : 3 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively 1 Answer | 0 Votes Puneet and Sahil are partners sharing profits and losses equally. They had opening credit balance in their Loan Accounts of ₹ 9,00,000 each 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital 1 Answer | 0 Votes Raman and Pawan are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively 1 Answer | 0 Votes Bani, Rani, and Mani are partners sharing profits and losses in the ratio of 3 : 2 : 1. Bani and Mani granted loans to the firm on 1st October 2022 of ₹ 2,00,000 and ₹ 3,00,000 respectively 1 Answer | 0 Votes Nirmal and Pawan are partners sharing profits in the ratio of 3 : 2. The firm had given a loan to Pawan of ₹ 5,00,000 on 1st April 1 Answer | 0 Votes Akhil, Sunil, and Parvesh are partners sharing profits in the ratio of 3 : 2 : 1. Sunil had given a loan to the firm on 1st November 2022 of ₹ 4,00,000 1 Answer | 0 Votes Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively 1 Answer | 0 Votes Akhil and Bimal are partners sharing profits in the ratio of 3 : 2. Akhil gave a loan to the firm of ₹ 1,00,000 on 1st October 2022 1 Answer | 0 Votes Question and answer is powered by anspress.net
