Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Mona and Roma contribute as capital ₹ 2,00,000 and ₹ 1,00,000 respectively. They decide to allow interest on capital @ 6% p.a 2.80K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ram and Laxman started business on 1st April 2022 with capitals of ₹ 20,00,000 and ₹ 12,00,000 respectively. On 1st May, Ram introduced additional capital of ₹ 4,00,000 and Laxam withdrew ₹ 2,00,000 from his capital. 3.59K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Om and Shiv entered into a partnership on 1st April 2022 without any Partnership Deed. They introduced capitals of ₹ 5,00,000 and ₹ 3,00,000 respectively 3.09K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ankit, Bhanu, and Charu are partners in a firm sharing profits and losses equally with a capital of ₹ 2,50,000 each. 2.68K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Reema, Leena, and Meena are partners in a firm sharing profits and losses equally with a capital of ₹ 5,00,000 each. 3.35K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 2.62K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 2.83K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Jay and Joy are partners in a firm sharing profits in the ratio of 3 : 2. They had given a loan to the firm of ₹ 3,00,000 in their profit sharing ratio on 1st October 2022 2.86K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Amitabh presents the following Profit and Loss Appropriation Account to his Partner Bharat: 2.00K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Simrat and Nimrat are partners since 1st April 2022 without a Partnership Deed and they introduced capitals of ₹ 1,00,000 and ₹ 80,000 respectively. 2.50K viewsAnurag Pathak Changed status to publish April 19, 2024[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Journalise the following transactions in the books of Gupta Bros., Lucknow (UP): 638 viewsAnurag Pathak Changed status to publish April 15, 2024Cash Book 0 Votes 1 Ans Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. From 1st April 2018 they decided to share future profits and losses in the ratio of 2 : 5 : 3. Their Balance sheet showed a balance of ₹ 75,000 in the Profit and Loss Account and a balance of ₹ 15,000 in investment Fluctuation Fund. 5.41K viewsAnurag Pathak Changed status to publish April 14, 2024[CBSE] TS Grewal SolutionsAccountancy Class 12thChange in Profit Sharing Ratio 0 Votes 1 Ans Xen, Sam, and Tim are partners in a firm. For the year ended 31st March 2022, the profit of the firm ₹ 12,00,000 was distributed equally among them, without giving effect to the following terms of the partnership deed: 7.41K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Three Chartered Accountants Abhijit, Baljit, and Charanjit form a partnership, profits being shared in the ratio of 3:2:1 subject to the following: 6.92K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ankur, Bhavna, and Disha are partners in a firm. On 1st April 2022, the balances in their capital accounts stood at ₹ 14,00,000, ₹ 6,00,000, and ₹ 4,00,000 respectively. 5.92K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ajay, Binay, and Chetan were partners sharing profits in the ratio of 3:3:2. The Partnership Deed Provided for the following: 7.09K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans The Partners of a firm, Alia, Bhanu, and Chand distributed the profits for the year ended 31st March 2017. ₹ 8,000 in the ratio of 3:3:2 without providing for the following adjustments: 6.75K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 1 Votes 1 Ans Asgar, Chaman, and Dholu are partners in a firm. Their capital Accounts stood at ₹ 6,00,000 and ₹ 5,00,000 and ₹ 4,00,000 respectively on 1st April 2022. 4.98K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans A and B are in partnership sharing profits and losses in the ratio of 3;2. They admit C, their manager, as a partner with effect from 1st April 2022, for 1/4th share of profits. 6.21K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans P and Q were partners in a firm sharing profits in the ratio of 5:3. On 1st April 2022 they admitted R as a new partner for 1/8th share in the profits with a guaranteed profit of ₹ 75,000. 4.61K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans P, Q, and R entered into a partnership on 1st April 2018 to share profit and losses in the ratio of 12 : 8 : 5. It was provided that in no case R’s share in profit would be less than ₹ 30,000 p.a 6.02K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ashmit, Abbas, and Karman are partners sharing profits in the ratio of 3:2:1. Abbas is guaranteed a minimum profit of ₹ 1,50,000 per annum. 6.94K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Nimrat, Maira, and Kabir are partners sharing profits in the ratio of 2:2:1. Nimrat is guaranteed a minimum profit of ₹ 1,60,000 per annum. 6.46K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Parul, Prerna, and Kaushal are partners sharing profits equally. Parul is guaranteed a minimum annual profit of ₹ 2,00,000. Kaushal is to get a commission @ 5% of Net Sales 5.95K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Atul, Bipul, and Charu are partners sharing profits equally. Bipul is guaranteed a minimum profit of ₹ 2,00,000 per annum 6.28K viewsAnurag Pathak Changed status to publish April 11, 2024[CBSE] Fundamentals of Partnership Firm[CBSE] TS Grewal SolutionsAccountancy Class 12th « Previous 1 2 … 37 38 39 40 41 … 169 170 Next » Question and answer is powered by anspress.net
