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A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1 with Capitals of ₹ 70,000; ₹ 60,000 and ₹ 40,000 respectively. D is admitted in the firm for 1/4th share in profits, which he acquires 1/8th from A and 1/8th from B September 4, 2024
A, B and C are partners in a firm sharing profits in the ratio of 5 : 3 : 2. D is admitted into the firm for 1/4 share in profits, which he gets as 1/8 from A and 1/8 from B. The total capital of the firm is agreed upon as ₹ 3,20,000 September 4, 2024
X and Y are partners sharing profits in the ratio of 2 : 1. Their balance Sheet as at 31st March, 2022 was as follows: September 4, 2024
X and Y are partners in a firm. They share profits and losses in the ratio of 2 : 1. Their Balance Sheet as at 31st March, 2023 stood as under: September 4, 2024
On 31st March 2022, the Balance Sheet of A and B, who were sharing profits in the ratio of 3 : 2 was as follows: September 2, 2024
Mohan and Mahesh were partners in a firm sharing profits in the ratio of 3 : 2. On 1st April, 2024 they admitted Nusrat as a partner in the firm. The Balance Sheet of Mohan and Mahesh on that date was as under: September 2, 2024
X and Y were partners sharing profits in the ratio of 1 : 2. Their Balance Sheet as at 31st March, 2024 was as follows: September 2, 2024
Nem and Khem sharing profits in the ratio of 3 : 2 admit Prem as a partner with 1/3 share in profits. He had to contribute proportionate capital. They had following financial position September 2, 2024
A and B are partners sharing profits in the ratio of 3 : 1. Their Balance sheet as at 31st March, 2023, was as under: September 1, 2024
A, B and C are partners sharing profits and losses in the ratio of 6 : 3 : 1. Their respective capitals are A ₹ 5,00,000; B ₹ 4,00,000 and C ₹ 2,00,000. They decide to admit D into partnership and the new profit sharing ratio is agreed at 3 : 3 : 3 : 1 September 1, 2024
Following is the Balance sheet of X and Y who share profits and looses in the ratio of 3 : 2 as at 31st March, 2022: September 1, 2024
Following figures have been extracted from the books of X and Y who share profit and losses in the ratio of 7 : 3. September 1, 2024
A, B and C were partners in a firm sharing profits in the ratio of 2 : 1 : 1. Their respective capitals were A ₹ 3,00,000; B ₹ 2,00,000 and C ₹ 1,80,000. On 1st April, 2024 they admitted D as a new partner September 1, 2024
Asin and Shreya are partners in a firm. They admit Ajay as a new partner with 1/5th share in the profits of the firm. Ajay brings ₹ 5,00,000 as his share of capital September 1, 2024
X and Y are partners with capital of ₹ 13,00,000 and ₹ 20,00,000. They share profits in the ratio of 1 : 2. They admit Z as a partner with 1/5th share in the profits of the firm. Z brings in ₹ 12,00,000 as his share of capital September 1, 2024