Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans X, Y and Z are partners sharing profits in the ratio of 2/3 : 1/4 : 1/12. Calculate the new ratio if X retires 2.89K viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B, C and D are partners sharing profits in the ratio of 5 : 3 : 1 : 2. Calculate the new profit sharing ratio if B and C retire from the firm 2.97K viewsAnurag Pathak Answered question October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans A, B and C are partners sharing profits in the ratio of 6 : 5 : 4. Calculate new profit sharing ratios if (i) A retires; (ii) B retires; (iii) C retires 3.07K viewsAnurag Pathak Edited answer October 11, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Arun, Tarun and Varun share profits in the ratio of 2 : 2 : 1. On 31.12.2022 their Balance Sheet was as follows: 3.72K viewsAnurag Pathak Changed status to publish October 9, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Shipra Limited invited applications for 80,000 shares of ₹ 10 each payable as follows: ₹ 2.50 on Application (on 1st May, 2023) 3.73K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. issued 20,000, 7% Preference Shares of ₹ 100 each at a premium of 6%. Payments were to be made as – ₹ 25 on Application; ₹ 46 on Allotment, ₹ 10 on First call and ₹ 25 on Final Call 3.06K viewsAnurag Pathak Changed status to publish October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Madhur Ltd. took over the assets of ₹ 5,00,000 and Liabilities of ₹ 40,000 of Rasova Ltd. for a consideration of ₹ 4,00,000. 20% was paid by a cheque and the balance by issue of fully paid equity shares of ₹ 100 each at a premium of 60% 2.63K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans X Ltd. took over the following assets and liabilities of Y Ltd Land & Building ₹ 20,00,000; Stock ₹ 5,00,000; Sundry Debtors ₹ 2,50,000 and Sundry Creditors ₹ 2,00,000 3.15K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Tagore Ltd. purchased a running business from Tulsi Bros. for a sum of ₹ 60,00,000 payable by the issue of fully paid equity shares of ₹ 20 each at a premium of 50% 2.61K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pass journal entries for the following X Ltd purchased Land and Building from R. Sundram for ₹ 5,00,000 payable in fully paid shares of ₹ 100 each at a premium of 25% 2.49K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Vimal Ltd. purchased machinery of ₹ 9,90,000 from Kamal Ltd. The payment to Kamal Ltd was made by issuing equity shares of ₹ 100 each 2.69K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Kanpur Gas Ltd. issued 40,000 equity shares of ₹ 10 each at a premium of ₹ 1 per share. Amounts were payable as follows: 2.51K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Kiran Textiles Ltd. issued 50,000 Equity Shares of ₹ 10 each at a premium of ₹ 4 per share and 2,000, 6% Preference Shares of ₹ 100 each at par payable as follows: 2.62K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Pushkar Ltd. invited applications for issuing 5,00,000 equity shares of ₹ 10 each at a premium of ₹ 3 per share. The whole amount was payable on application 3.06K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Z Ltd. was registered with an authorised capital of ₹ 60,00,000 divided in 60,000 equity shares of ₹ 100 each. Company issued 25,000 equity shares at a premium of ₹ 20 per share, payable as follows 2.96K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Klen Ltd. was registered with an authorized capital of ₹ 10,00,000 divided into Equity Shares of ₹ 10. Out of these, 8,000 shares were issued to vendors as fully paid as purchase consideration for a business acquired 2.47K viewsAnurag Pathak Changed status to publish October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Rama Co. issued 50,000 shares of ₹ 10 each payable as follows: ₹ 3 on Application; ₹ 3 on Allotment; ₹ 2 on First Call; ₹ 2 on Final Call. 3.12K viewsAnurag Pathak Changed status to publish October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Ashirwad Ltd. was formed on 1st December, 2023, with a capital of ₹ 20,00,000 divided into shares of ₹ 10 each. It offered 80% of the shares to the public 2.54K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans ‘Tractors India Ltd.’ is registered with an authorized capital of ₹ 10,00,000 divided into 1,00,000 equity shares of ₹ 10 each. The company issued 50,000 equity shares at a premium of ₹ 5 per share 2.66K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Vikas Ltd. has an authorised capital of ₹ 40,00,000 divided into 4,00,000 Equity Shares of ₹ 10 each. Out of these, the company invited applications for 3,00,000 equity shares 2.52K viewsAnurag Pathak Answered question October 9, 2024Dk Goel Issue of Shares (2024-25) 0 Votes 1 Ans Carol and Lacy were partners. They decided to dissolve their firm. Pass the journal entries for the following after various assets and external liabilities have been transferred to Realisation A/c 3.46K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pass necessary journal entries in the following cases on the dissolution of a partnership firm of partners X, Y, A and B : 3.28K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pass the necessary journal entries for the following transactions on the dissolution of the partnership firm of Tony and Rony after the various assets (other than cash) and external liabilities have been transferred to Realization Account: 3.18K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Vasudha and Dewan were partners in a firm sharing profits and losses in the ratio of 2 : 3. The firm was dissolved on 31st March, 2019. After transfer of assets (other than cash) and external liabilities to Realization Account 3.00K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Ravi and Mukesh were partners in a firm sharing profit and losses equally. On 31st March, 2019 their firm was dissolved. On the date of dissolution their Balance Sheet showed stock of ₹ 60,000 and Creditors of ₹ 70,000 3.18K viewsAnurag Pathak Answered question October 8, 2024DK Goel Dissolution of a Partnership Firm « Previous 1 2 … 32 33 34 35 36 … 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
