Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Puneet and Tarun are partners sharing profits and losses in the ratio of 3 : 2. They admit Simran as a partner who acquires 2/7th from Puneet and 1/7th from Tarun as her share 1.46K viewsAnurag Pathak Answered question June 13, 2024[ISC] Admission of Partner 0 Votes 1 Ans A, B and C are partners in a firm. Their profit sharing ratio is 3 : 2 : 1. However, C is guaranteed a minimum amount of ₹ 10,000 as share of profits every year 1.26K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Piya and Shreya are partners in a firm. Their Capital Accounts as on 1st April, 2023 were ₹ 5,00,000 and ₹ 3,00,000 respectively 1.37K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Cheese and Slice are equal partners. Their capitals as on April 01, 2022 were ₹ 50,000 and ₹ 1,00,000 respectively. After the accounts for the financial year ending March 31, 2023 have been prepared 1.39K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans From the following Balance Sheet of A and B, calculate interest on capital at 5% p.a. for the year ending 31st March, 2024 1.48K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners sharing profits and losses in the ratio of 3 : 1. Following is the Balance Sheet of the firm as at 31st March, 2024 1.81K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses in the ratio of 2 : 3. The following was the Balance Sheet of the firm as at 31.3.2024 1.75K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners in a firm sharing profits and losses in the ratio of 2 : 1. The following was the Balance Sheet of the firm as at 31.3.2024 1.27K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Kaveri and Tapti are partners sharing profits in the ratio of 2 : 1. Following particulars are obtained from their books: 1.47K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans The capital accounts of A, B and C showed credit balances of ₹ 5,00,000, ₹ 3,00,000 and ₹ 2,00,000 respectively, after taking into account drawings and net profit of ₹ 3,00,000 1.46K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A and B are partners in a business sharing profits and losses in the ratio of 3 : 2. Their capitals on 31st March, 2024, after the adjustment of net profits and drawings amounted to ₹ 2,00,000 and ₹ 1,50,000 respectively 1.19K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans The capitals of A, B and C stood at ₹ 20,000, ₹ 15,000 and ₹ 10,000 respectively after the necessary adjustment in respect of drawings and net profits. Subsequently 1.55K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Mohan, Vijay and Anil are partners, their capitals on 31st March 2024 after adjustments of drawings and profits were ₹ 30,000, ₹ 25,000 and ₹ 20,000 respectively 1.05K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Sachin, Kapil and Rashmi have been sharing profits in the ratio of 3 : 2 : 1 respectively. Rashmi wants that she should share profits equally along with Sachin and Kapil 1.40K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans After the accounts of a partnership have been drawn up and the books closed off, it is discovered that for the years ended 31st March, 2023 and 2024 1.42K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C were partners sharing profits in the ratio of 1 : 2 : 3. A withdrew ₹ 5,000 every month, B withdrew ₹ 60,000 during the year and C withdrew ₹ 15,000 during each quarter 1.15K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C are partners in a firm sharing profits and losses in the ratio of 4 : 3 : 3. Their fixed capitals were ₹ 1,00,000, ₹ 2,00,000 and ₹ 3,00,000 respectively 954 viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C were partners in a firm. Their capitals were A ₹ 1,00,000, B ₹ 2,00,000 and C ₹ 3,00,000 respectively on 1st April, 2023. According to the partnership deed they were entitled to an interest on capital @ 5% p.a 1.60K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C were partners in a firm. On 1st April, 2021 their capitals stood as ₹ 5,00,000; ₹ 2,50,000 and ₹ 2,50,000 respectively. As per provisions of the partnership deed 1.20K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Suresh and Ramesh were partners in a firm sharing profits in the ratio of 3 : 2. Their fixed capitals were : Suresh ₹ 9,00,000 and Ramesh ₹ 6,00,000 1.11K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. Their fixed capitals were ₹ 4,00,000, ₹ 2,50,000 and ₹ 1,00,000 respectively 1.65K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Kumar and Raja were partners in a firm sharing profits in the ratio of 7 : 3. Their fixed capitals were : Kumar ₹ 9,00,000 and Raja ₹ 4,00,000 1.16K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans On 1st April, 2022 the Capitals of A and B were ₹ 4,00,000 and ₹ 2,00,000 respectively. They divided profits in their capital ratio, Profits for the year ended 31st March 1.66K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans P, Q and R are partners sharing profits in the ratio of 2 : 1 : 1. Their capitals as on 1st April, 2023 were ₹ 50,000, ₹ 30,000 and ₹ 20,000 respectively 1.68K viewsAnurag Pathak Changed status to publish June 13, 2024 0 Votes 1 Ans Anil, Sunil and Sanjay have omitted interest on Capitals for two years ended on 31st March, 2023. Their fixed capitals in two years were Anil ₹ 8,00,000, Sunil ₹ 7,00,00 and Sanjay ₹ 3,00,000 1.65K viewsAnurag Pathak Changed status to publish June 13, 2024 « Previous 1 2 … 29 30 31 32 33 … 173 174 Next » Question and answer is powered by anspress.net
