Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Suraj and Chetan are partners in a firm sharing profits and losses equally. They decide to take Deep into partnership from 1st April, 2023 for 1/5th share in the future profits 1.87K viewsAnurag Pathak Changed status to publish May 3, 2024[ISC] Goodwill[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate the value Goodwill on the basis of three year’s purchase of four year’s average profit. Profits of the firm for last four year’s ending on 31st March, were: 2020 – ₹ 12,000; 2021 – ₹ 18,000; 2022 – ₹ 16,000; 2023 – ₹14,000. Calculate the value of Goodwill. 908 viewsAnurag Pathak Changed status to publish May 3, 2024[ISC] Goodwill[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Anil and Sunil are partners sharing profits and losses in the ratio of 3 : 1. On 1st April 2023, their capitals were: Anil ₹ 1,50,000 and Sunil ₹ 90,000 1.10K viewsAnurag Pathak Changed status to publish April 27, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Nihar and Ashish started business on 1st April, 2023 with fixed capitals of ₹ 5,00,000 each. On 1st October, 2023, they decided that total fixed capital of the firm ₹ 15,00,000 should be in their profit sharing ratio of 4 : 1 1.12K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Ajay, Bijay, and Chandan are partners in a firm with capitals of ₹ 1,50,000; ₹ 1,20,000, and ₹ 90,000 respectively. Their Partnership Deed provides as follows: 3.32K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Tara and Mira are in partnership sharing profits in the ratio of 3 : 2. According to the Partnership Deed, Tara is to get salary of ₹ 10,000 per month 904 viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Amrit and Kamal started business on 1st April, 2023 with capitals of ₹ 10,00,000 and ₹ 5,00,000 respectively. Kamal withdrew ₹ 12,000 in the middle of each month 797 viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Firoz and Asim started business on 1st June, 2023 with capitals of ₹ 5,00,000 and ₹ 2,50,000 respectively. Firoz withdrew ₹ 12,000 at the end of each month 972 viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Pawan and Param started business on 1st July, 2023 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Pawan withdrew ₹ 18,000 per quarter at the end 773 viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Raman and Karan are in partnership from 1st April, 2023 with capitals of ₹ 10,00,000 each. Raman withdrew equal amount at the middle of every month starting 806 viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Raj and Kiran are in partnership from 1st June, 2023 with capitals of ₹ 6,00,000 and ₹ 4,00,000 respectively. Raj withdrew same amount in the beginning of 982 viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Ramesh and Pradeep are in partnership from 1st July, 2023 with capitals, Ramesh ₹ 3,00,000 and Pradeep ₹ 2,00,000 552 viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Amar and Nimrat are partners in a firm, Amar withdraws ₹ 5,000 in the beginning of the month starting from 1st April, 2023 for 6 months 987 viewsAnurag Pathak Changed status to publish April 23, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Ranjan and Pankaj are partners having balances in current accounts as on 1st April, 2023 as Ranjan ₹ 3,00,000 and Pankaj as ₹ 2,00,000 (Debit) 828 viewsAnurag Pathak Changed status to publish April 23, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Amrik and Avtar are partners having capitals as on 1st April, 2023 as Amrik – ₹ 2,40,000 and Avtar as ₹ 1,20,000 (Debit). On 1st September 958 viewsAnurag Pathak Changed status to publish April 23, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans From the following Balance Sheet of Sujata and Swati, Calculate interest on capital @ 5% p.a. for the year ended 31st March 2023: 2.50K viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Arun and Barun started business on 1st April, 2023. From the following Balance Sheet of Arun and Barun and Additional information, Calculate interest on capital @ 6% p.a 691 viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Karman, Harman and Shravan were sharing profits and losses in the ratio of 5 : 3 : 2. They introduced capitals in their profit sharing ratio 1.21K viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Kashish, Amit and Kaushal started a firm on 1st October, 2024 sharing profits and losses in the ratio of 3 : 2 : 1. They introduced capitals in their profit sharing ratio 802 viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Chirag and Ashish were partners sharing profits in the ratio of 3 : 2. Their capitals as on 1st April, 2023 were ₹ 5,00,000 and ₹ 4,00,000 respectively 675 viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Pass the Journal entries in the books of G & Co, for the following Firm took property of Amrit, a partner at a monthly rent of ₹ 20,000 w.e.f 1st June 1.00K viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Kashish and Harish are partners in a firm sharing profits in the ratio of 3 : 2 with capitals of ₹ 5,00,000 each. Kashish was given loan of ₹ 2,00,000 on 1st October 901 viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Kabir, Krish and Harsh are partners in a firm. Kabir and Harsh had opening credit balance in their Loan Accounts of ₹ 4,80,000 each 987 viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Yogesh, Naresh and Mahesh are partners sharing profits and losses equally. Yogesh and Mahesh had opening credit balance in their Loan Accounts of ₹ 3,00,000 each 808 viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership 0 Votes 1 Ans Puneet and Sahil are partners sharing profits and losses equally. They had opening credit balance in their Loan Accounts of ₹ 9,00,000 each 883 viewsAnurag Pathak Changed status to publish April 22, 2024[ISC] Fundamentals of Partnership « Previous 1 2 … 30 31 32 33 34 … 166 167 Next » Question and answer is powered by anspress.net
