Questions Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Mrs. Rita Chowdhary and Miss Shobha are partners in a firm, ‘Fancy Garments Exports’ sharing profits and losses equally. On 1st April, 2024, the Balance Sheet of the firm was as follows: 215 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans P, Q and R were partners in a firm sharing profits in the ratio of 1 : 2 : 2. Their Balance Sheet as at 31st March 2024 was as follows: 231 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Anurag and Prem were partners sharing profits and losses in 2 : 1. On 31st March, 2023 their Balance Sheet was as follows: 155 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans Pritam and Naresh decided to dissolve their firm on September 30, 2023, when their Balance Sheet stood as follows: 216 viewsAnurag Pathak Answered question September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans The following was the Balance Sheet of X, Y and Z as at 28.2.2023: 150 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A B and C were in partnership sharing profits in the ratio of 2 : 1 : 1. Their Balance Sheet showed the following position on the date of dissolution: 174 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans A and B were partners sharing profits and losses in 2 : 1. Their Balance Sheet as at 31st March, 2023 was as follows: 192 viewsAnurag Pathak Changed status to publish September 22, 2024DK Goel Dissolution of a Partnership Firm 0 Votes 1 Ans The following is the Balance Sheet of A and B as at 31st March, 2023. The profit sharing ratios of the partners are 3 : 2. 171 viewsAnurag Pathak Changed status to publish September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans L a partner, was appointed to look after the dissolution process for which he was given a remuneration of ₹ 10,000 173 viewsAnurag Pathak Answered question September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Expenses of realisation ₹ 8,000, Expenses of realisation ₹ 10,000 were paid by a partner 176 viewsAnurag Pathak Changed status to publish September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Manoj and Nand were partners sharing profits in the ratio of 3 : 2. Pass journal entries under following situations at the time of dissolution of firm: 214 viewsAnurag Pathak Changed status to publish September 19, 2024DK Goel Retirement of a partner 0 Votes 1 Ans Karan and Vijay are partners in a firm sharing profits and losses in the ratio of 4 : 3. They admit Shrey for 1/3 share in the profits. 204 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Following is the Balance Sheet of Amit and Vidya as at 31st March, 2024: Creditors ₹ 26,000 Employees Provident Fund ₹ 16,000 190 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Om, Ram and Shanti were partners in a firm sharing profits in the ratio of 3 : 2 : 1. On 1st April, 2014 their Balance Sheet was as follows: 236 viewsAnurag Pathak Answered question September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Ashok and Biju were partners sharing profits and losses in the ratio of 3 : 1 respectively. The following was their balance sheet as at 31st March, 2024 186 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the proportion of 3 : 2. Their Balance Sheet as at 31st March, 2024 was as follows: 223 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans A and B are partners sharing profits in the ratio of 5 : 3. C was admitted for 1/4th share in profits. C acquires this share as 3/16 from A and 1/4th of his share from B. C brings in ₹ 1,00,000 as his capital 203 viewsAnurag Pathak Changed status to publish September 16, 2024DK Goel Admission of a Partner 0 Votes 1 Ans Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd 246 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros 263 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Downhill Ltd. purchased Plant and Machinery for ₹ 10,00,000 payable as ₹ 3,25,000 in cash and balance by issue of 10% Debentures of ₹ 1,000 each issued at a discount of 10%. Pass Journal entries 240 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Airdrop Ltd. issued 6,000; 10% Debentures of ₹ 50 each at a premium of ₹ 15 payable as follows ₹ 15, including premium of ₹ 5 on application: 253 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Universal Auto Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application 274 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans Fortune Ltd. issued 2,000; 8% Debentures of ₹ 100 each payable as follows ₹ 25 on application ₹ 25 on allotment and ₹ 50 on first and final call 252 viewsAnurag Pathak Answered question September 14, 2024[ISC] Issue of Debentures 0 Votes 1 Ans BG Ltd. forfeited 2,000 Equity Shares of ₹ 100 each, issued at a premium of ₹ 50 per share, held by Ram for non-payment of the final call of ₹ 30 per share 296 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital 0 Votes 1 Ans Star Plus Ltd has an authorised capital of ₹ 4,00,000 divided into shares of ₹ 20 each, the whole of which is issued and subscribed at a premium of ₹ 2 per share. The amount was payable as follows 285 viewsAnurag Pathak Answered question September 13, 2024Accounting For Share Capital « Previous 1 2 … 6 7 8 9 10 … 161 162 Next » Question and answer is powered by anspress.net
