TSG ISC 8.71 Q 5

Sure Ltd. purchased the assets of Sony Ltd. for ₹ 5,00,000. It also agreed to take over the liabilities of Sony Ltd

• September 14, 2024

Hero Ltd. purchased assets of the books value of ₹ 4,00,000 and took over the liabilities of ₹ 50,000 from Mohan Bros

• September 14, 2024

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

• September 14, 2024

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:

• September 14, 2024

Universal Auto Ltd. issued 40,000; 10% Debentures of ₹ 100 each at par for cash payable in full along with the application

• September 14, 2024

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

• September 14, 2024

Ram and mohan were partners in a firm sharing profits in the ratio 3:2.

• September 8, 2024

Where does their capital came from

• June 25, 2024

Raman, Shiv and Mukesh were in partnership sharing profits and losses in the ratio of 3 : 2 : 1. Their Balance Sheet as at 31st March, 2023 was as follows:

• June 21, 2024

Pawan and Arun are partners in a firm sharing profits and losses in the ratio of 3 : 2. They decided to dissolve their firm on 31st March, 2023, when their Balance Sheet was as follows

• June 21, 2024

Ankur Aditya and Pankaj were partners sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2022, their Balance Sheet was as follows:

• June 21, 2024

Puneet and Tarun are partners sharing profits and losses in the ratio of 3 : 2. They admit Simran as a partner who acquires 2/7th from Puneet and 1/7th from Tarun as her share

• June 13, 2024

Alfa Ltd. was formed with a Capital of ₹ 70,00,000 divided into 70,000 equity shares of ₹ 100 each. The company allotted 1,000 equity shares of ₹ 100 each as fully paid to the subscribers

• May 20, 2024

From the information given below, find the average profits of the partnership firm of Sudhir and Sana:

• May 6, 2024

Mahi, Virat and Ishant are partners in Sports goods business sharing profits and losses in the ratio of 2 : 2 : 1. Ishant is guaranteed profit of ₹ 5,00,000 per annum by Mahi and Virat

• April 27, 2024