Question 25 to 28 (Revaluation of Assets and Reassessment of Liabilities)
25 :- Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5 ; 3 : 2. From 1st April, 2018 they decided to…
Pinky and Rocky are partners in a firm sharing profit
28:- Pinky and Rocky are partners in a firm sharing profit in the ratio of 3 : 2. Their Balance Sheet as at 31st March 2025 was as follows: Goodwill of…
Ajeet, Vijeet and Sujeet are partners in a firm sharing profits and
27 :- Ajeet, Vijeet and Sujeet are partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. They decide to share profits and…
A, B and C are sharing profits and losses in the ratio of 2:2:1
26 :- A, B and C are sharing profits and losses in the ratio of 2 : 2 : 1. They decided to share profit w.e.f 1st April, 2025 in the…
Hari, Kunal and Uma are partners in a firm
25:- Hari, Kunal and Uma are partners in a firm sharing profits and losses in the ratio of 5 ; 3 : 2. From 1st April, 2018 they decided to share…
Question 21 to 24 (Accounting of Reserves, Accumulated Profits and Losses)
21 :- Bootstrap and Davy Jones partners sharing profits in the ratio of 2 : 1. On 31st March, 2025, their Balance Sheet showed General Reserve of Rs 60,000. It was…
Bhavya and Sakshi are partners in a firm, sharing profits
24 :- Bhavya and Sakshi are partners in a firm, sharing profits and losses in the ratio of 3 : 2. On 31st March 2018, their Balance Sheet was as…
Mita, Gopal and Farhan were partners sharing profits
22 :- Mita, Gopal and Farhan were partners sharing profits and losses in the ratio 3 : 2 : 1. On 31st March, 2018 they decided to change the profit…
Bootstrap and Davy Jones are partners sharing profits
21 :- Bootstrap and Davy Jones partners sharing profits in the ratio of 2 : 1. On 31st March, 2025, their Balance Sheet showed General Reserve of Rs 60,000. It was…
Question 17 to 20 (Accounting of Reserves, Accumulated Profits and Losses)
17 :- A, B and C who are sharing profits and losses in the ratio of 5 : 3 : 2 decide to share future profits in the ratio of…