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A and B shared profits in the ratio of 7 : 3. They dissolved the partnership and appointed A to realise the assets. A is to receive 6% commission on the amount realised from stock, Debtors, B/R and Shares October 2, 2024
X, Y and Z decided to dissolve partnership. The position as at 31st December, 2023, the date of dissolution was as follows: October 2, 2024
A, B and C sharing profits and losses in the ratio of 3 : 2 : 1 agreed to dissolve their partnership firm on 31st March, 2024. A was asked to realise the assets and pay off liabilities October 2, 2024
Arun, Tarun and Varun share profits in the ratio of 2 : 2 : 1. On 31.12.2022 their Balance Sheet was as follows: September 30, 2024
Sanjay and Sameer were partners in a firm sharing profits in the ratio of 2 : 3. On 31.3.2023 their Balance Sheet was as follows: September 30, 2024
The following was the Balance Sheet of Fox and Wolf as at 31st March, 2024, when they decided to dissolve the firm: September 30, 2024
A and B dissolve their partnership Their position as at 31st March, 2024 was as follows: A’s Capital – ₹ 60,000 B’s Capital – ₹ 40,000 Sundry Creditors – ₹ 25,000 Cash at Bank – ₹ 2,000 September 30, 2024
The partnership between X and Y was dissolved on March 31, 2022. On that date their respective credits to the Capitals were ₹ 1,50,000 and ₹ 10,000. ₹ 1,20,000 were due to creditors September 30, 2024
A, B and C were partners in a firm sharing profits in the ratio of 5 : 3 : 2. On 1-4-2022 they decided to dissolve the firm. On that date A’s Capital was ₹ 2,00,000, B’s Capital was ₹ 10,000 (Dr.) and C’s Capital was ₹ 25,000 (Dr.) September 30, 2024
The following is the Balance Sheet of X and Y as at 30th June, 2022. Sundry Creditors ₹ 20,000 Bills Payable ₹ 20,000 September 29, 2024
A, B and C are in partnership sharing profits and losses in the proportions of 1/2, 1/3 and 1/6 respectively. On 31st January, 2024 they decide to dissolve the partnership, and the position of the firm on this date is represented by the following Balance Sheet September 29, 2024
Srijan, Raman and Manan were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 31st March, 2017 their Balance Sheet was as follows: September 29, 2024
Michael, Jackson and John were partners in a firm sharing profits in the ratio of 3 : 1 : 1. On 31st March, 2017, they decided to dissolve their firm. On that date their Balance Sheet was as follows: September 29, 2024
