Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans P, Q and R share profits in the ratio of 5 : 3 : 2. S was admitted into partnership. S brings in ₹ 30,000 as his capital. S is entitled for 1/5th share in profits which he acquires equally from P, Q and R. Goodwill of the firm is to be valued at three year’s purchase of last four years’ average profits 453 viewsAnurag Pathak Changed status to publish August 27, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 3 : 2. On 1st April, 2022 they admit C as a new partner for 1/4th share. C acquires 1/5th of his share from A 647 viewsAnurag Pathak Changed status to publish August 27, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Aru and Beena are partners in a firm sharing profits in the ratio of 2 : 1. They admit Charu and Diya as two new partners. The new profit sharing ratio is agreed at 4 : 3 : 2 :1. Charu introduced ₹ 5,00,000 and Diya ₹ 3,00,000 as their capitals 599 viewsAnurag Pathak Answered question August 26, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A, B and C were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. They admit C into partnership with 1/4th share which he acquires from A and B in the ratio of 2 : 1 470 viewsAnurag Pathak Changed status to publish August 26, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits and losses in 3 : 2. They admit C into partnership for 1/5th share in the profits. C pays in cash ₹ 40,000 for his capital. Goodwill of the firm is valued at ₹ 25,000 but C is unable to bring his share of goodwill in cash 507 viewsAnurag Pathak Answered question August 26, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B carrying on business as partners used to share profits and losses thus; A 4/7ths and B 3/7ths, and goodwill appeared in the books of the firm at ₹ 2,80,000 when C was admitted as a partner having 1/7th share in profits and losses 405 viewsAnurag Pathak Changed status to publish August 26, 2024DK Goel Admission of a Partner 0 Votes 1 Ans P and S are partners sharing profits in the ratio of 3 : 2. Their books showed goodwill at ₹ 20,000, R is admitted with 1/5th share which he acquires equally from P and S. R brings ₹ 20,000 as his capital and ₹ 10,000 as his share of goodwill 458 viewsAnurag Pathak Answered question August 26, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners, sharing profit and losses in the ratio of 3 : 2. Goodwill appears in their Balance Sheet at ₹ 24,000, When C is admitted into partnership for 1/5th share in profit. He pays ₹ 50,000 for capital and ₹ 8,000 as goodwill 421 viewsAnurag Pathak Answered question August 26, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Ram and Rahim are partners in a firm sharing profits in the ratio of 3 : 2. On April 1, 2023 they admit Raj as a new partner for 3/13th share in the profits. The new ratio will be 5 : 5 : 3 433 viewsAnurag Pathak Answered question August 26, 2024DK Goel Admission of a Partner 0 Votes 1 Ans P and Q are partners sharing profits and losses as 2 : 3. R and S are admitted and profit sharing ratio becomes 3 : 4 : 3 : 2. Goodwill is valued at ₹ 3,00,000, R brings required goodwill and ₹ 2,00,000 cash for Capital 565 viewsAnurag Pathak Changed status to publish August 23, 2024DK Goel Admission of a Partner 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 437 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 ₹ 25,000 413 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 497 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 417 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 431 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 443 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 404 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 520 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 443 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 444 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 598 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 : 1 553 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 494 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 886 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 696 viewsAnurag Pathak Edited answer August 21, 2024DK Goel Admission of a Partner « Previous 1 2 … 19 20 21 22 23 … 169 170 Next » Question and answer is powered by anspress.net
