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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 2022July 21, 2026
Chandan and Gurman 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 respectivelyJuly 21, 2026
Amitabh presents the following Profit and Loss Appropriation Account to his Partner Bharat:July 21, 2026
Karan, Nakul, and Asha are partners in a firm and do not have a Partnership Deed. Karan introduced a further capital of ₹ 2,00,000 on 1st October 2022. Whereas Asha took a loan of ₹ 50,000 from the firm on 1st October 2022, Disputes have arisen among them on the following issues:July 21, 2026
Ramesh, Mahesh, and Suresh are partners since 1st April 2022 but do not have a Partnership Deed.July 21, 2026
Paras and Mani started a partnership firm on 1st April, 2025 with capitals of 3,00,000 and ₹2,00,000 respectively. Their Partnership Deed had following clauses:July 21, 2026
Parul, Agsa and Anshul are partners in a firm. Their Capital Accounts were ₹ 3,00,000, ₹ 1,50,000 and 1,50,000 respectively on 1st April, 2025.July 21, 2026
Tina and Meena started their partnership on 1st October, 2025 with fixed capitals of ₹ 4,50,000 and 3,75,000 respectively. On 1st January, 2026, they decided as follows:July 21, 2026
Ekta, Jagniti and Kiran are partners sharing profits and losses in the ratio of 5 : 3 : 2. On 31st March 2026, their Balance Sheet as under:July 18, 2026
Karam and Rhea are partners for equal shares. They admit Paras as partner for 1/3 share. Goodwill, on admission is valued at 2,40,000July 17, 2026
Ajay, Vijay and Sanjay were partners in a firm sharing profits in the ratio of 5: 3: 2. Ajay died on 20th February, 2026. The Balance Sheet of the firm on that date was as follows:June 30, 2026
Karan, Prateek and Umang were partners in a firm sharing profits in the ratio of 2: 2: 1. On 31st March, 2025, their Balance Sheet was as follows:June 30, 2026
Adil, Bunty and Cris are in partnership sharing profits 4/8, 3/8 and 1/8 respectively. It is provided in the Partnership Deed that on the death of any partner his share of goodwill is to be valued at one-half of the net profit credited to his account during the last four completed yearsJune 30, 2026
Gini, Bini and Mini were partners sharing profits in the ratio of 4 : 3 : 2. Gini died, Bini and Mini will share profits in the ratio of 2 : 1. Determine the gaining ratio.June 30, 2026
