Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans A, B and C were partners in a firm having capitals of ₹ 1,00,000; ₹ 1,00,000 and ₹ 2,00,000 respectively. According to the partnership deed the partners were entitled to interest on capital @ 6% p.a 3.15K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Y and Z are partners with capitals of ₹ 2,50,000 and ₹ 1,50,000 respectively on 1st April, 2023. Each partner is entitled to 9% p.a. interest on his capital. Z is entitled to a salary of ₹ 60,000 p.a. together with a commission of 6% of Net Profit after charging his commission 3.39K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans X, Y and Z are partners with capitals of ₹ 4,00,000; ₹ 3,00,000 and ₹ 2,00,000 respectively. They charge 8% p.a. interest on their capitals are divide the profits in the ratio of 3 : 2 : 1 2.48K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans A and B are partners in a firm sharing profits or losses in the ratio of 2 : 3 with capitals of ₹ 4,00,000 and ₹ 8,00,000 respectively on 1st April, 2023. Each partner is entitled to 10% p.a 3.99K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Asha and Lata are partners sharing profits in the ratio of 1 : 2. Asha is entitled to a salary of ₹ 2,00,000 p.a. and a commission of 8% of net profit before charging any commission 3.42K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans X and Y are partners with capitals of ₹ 1,00,000 and ₹ 80,000 respectively on 1st April, 2022 and their profit sharing ratio is 2 : 1. Interest on capital is agreed @ 12% pa 3.83K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Anubha and Kajal entered into partnership sharing profits and losses in the ratio of 2 : 1. Their Capitals were ₹ 90,000 and ₹ 60,000. The profit during the year were ₹ 45,000 2.44K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans On 1st April, 2023 A and B commenced business with Capitals of ₹ 6,00,000 and ₹ 2,00,000 respectively. On 31st March, 2024 the net profit (before taking into account the provisions of deed) was ₹ 2,40,000 3.38K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Girish and Satish are partners in a firm. Their Capitals on April 1, 2023 were ₹ 5,60,000 and ₹ 4,75,000 respectively. On August 1, 2023 they decided that their Capitals should be ₹ 5,00,000 each 2.38K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans X and Y are partners sharing profits in the ratio of 2 : 1. The undermentioned trial balance was extracted from their books as at 31st March, 2024: 3.72K viewsAnurag Pathak Changed status to publish June 12, 2024 0 Votes 1 Ans Raman and Daman are partners sharing profits in the ratio of 60 : 40 and for the last four years they have been getting annual salaries of ₹ 50,000 and ₹ 40,000 respectively 3.26K viewsAnurag Pathak Changed status to publish June 11, 2024[ISC] Goodwill[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Read the following hypothetical text and answer the given questions on its basis. Profit for the year ended 31st March, 2023 of iPay (a payment processing start up) was ₹ 15,00,000 after accounting the following 3.81K viewsAnurag Pathak Changed status to publish June 11, 2024Cash Flow Statement 0 Votes 1 Ans Tejvir started business with cash ₹ 5,00,000. Pass Journal entries for the following transactions: 8.02K viewsAnurag Pathak Changed status to publish June 11, 2024JournalTS Grewal Class 11 0 Votes 1 Ans Pradeep and Paresh partners in a firm decided to dissolve their partnership firm on 1st April, 2024. Pradeep was deputed to realise the assets and to pay off the liabilities 4.44K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Dissolution of Partner 0 Votes 1 Ans C, D and E were partners in a firm sharing profits in the ratio of 3 : 1 : 1. Their Balance Sheet as at 31st March, 2022 was as follows 4.25K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Death of Partner 0 Votes 1 Ans Trisha, Anisha and Rishika were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance sheet as at 31s March 7.60K viewsAnurag Pathak Changed status to publish June 10, 2024[CBSE] Death of Partner 0 Votes 1 Ans Pass necessary Journal entries for the following transactions, on the dissolution of a partnership firm of Kavita and Suman on 31st March, 2022, after the various assets (other than cash) and third party liabilities have been transferred to Realisation Account 2.91K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Dissolution of Partner 0 Votes 1 Ans Ramesh, Suresh and Dinesh were partners sharing profits and losses in the ratio of 3 : 2 : 1. Dinesh died on 1st May, 2023 on which date the capitals of Ramesh 4.33K viewsAnurag Pathak Answered question June 10, 2024[CBSE] Death of Partner 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 3 : 2 : 1. P dies and the new profit sharing ratio of Q and R was agreed to be equal 7.69K viewsAnurag Pathak Changed status to publish June 9, 2024[CBSE] Death of Partner[CBSE] TS Grewal Solutions 0 Votes 1 Ans Shweta, Meenu and Asha were partners in a firm sharing profits and losses in the ratio of 3 : 5 : 2. Meenu retired on 1st April, 2022. After making all adjustments relating to revaluation, goodwill and accumulated profits 3.70K viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner 0 Votes 1 Ans Ashish and Vishesh were partners sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2022 was as under: 3.16K viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner 0 Votes 1 Ans Vanshika and Shikha were partners in a firm with capitals of ₹ 1,00,000 and ₹ 80,000 respectively. They admitted Nisha on 1st April, 2022 as a new partner for 1/4th share in the future profits of the firm 3.65K viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner 0 Votes 1 Ans Mahesh and Suresh were partners in a firm sharing profits and losses in the ratio of 2 : 1. They decided to admit Nita into partnership with 1/4th share in the profits 3.38K viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner 0 Votes 1 Ans Aayush and Aarushi are partners sharing profits and losses in the ratio of 3 : 2. They admitted Naveen into partnership for 1/4th share 2.95K viewsAnurag Pathak Answered question June 9, 2024[CBSE] Admission of Partner 0 Votes 1 Ans Kamal and Kapil are partners having fixed capitals of ₹ 5,00,000 each as on 31st March 2022 7.79K viewsAnurag Pathak Changed status to publish June 8, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th « Previous 1 2 … 35 36 37 38 39 … 175 176 Next » Question and answer is powered by anspress.net
