Accounting for Partnership Firms – Mock Test 1

MCQ Mock Test for Class 12th Accountancy - Volume 1: Accounting for Partnership Firms Gear up for your Class 12th Accountancy exam with our MCQ mock test focused on Volume…

Accountancy Death of a partner TS Grewal Vol - 1

Ajay, Salil and Ravi were partners in a firm sharing profits

34 :- Ajay, Salil and Ravi were partners in a firm sharing profits in the ratio of 5:3:2. Ajay died on 20th February, 2025. The balance sheet of the firm on…

Accountancy Death of a partner TS Grewal Vol - 1

Akhil Bikram and Charu were partners sharing profits

22 :- Akhil, Bikram and Charu were partners sharing profits and losses in the ratio of 3:2:1. Bikram died on 30th September, 2024. Loss from the beginning of the accounting year…

Accountancy Death of a partner TS Grewal Vol - 1

Ajay, Bhawna and Shreya were partners sharing profits

20 :- Ajay, Bhawna and Shreya were partners sharing profits in the ratio of 2:2:1. On 1st July, 2024, Shreya died. The books of accounts are closed on 31st March, every year.…

Accountancy Retirement of a partner TS Grewal Vol - 1

Amrit, Bhanu and Charu were partners in a firm sharing

56 :- Amrit, Bhanu and Charu were partners in a firm sharing profits equally. Bhanu retired on 30th September 2023. Profit till the date of retirement was to be estimated…

Retirement of a partner TS Grewal Vol - 1

Ashok, Bhaskar and Chaman were in partnership sharing

38 :- Ashok, Bhaskar and Chaman were in partnership sharing profits and losses equally. ‘Bhaskar’ retires from the firm. After adjustments, his capital account shows a credit balance of Rs…

Retirement of a partner TS Grewal Vol - 1

Alfa, Beta and Gama are in a partnership sharing profits in the ratio

31 :- Alfa, Beta and Gama are in a partnership sharing profits in the ratio of 5:3:2. Their balance sheet on 1st April 2025, the day Beta decided to retire from…

Accountancy Admission of a partner TS Grewal Vol - 1

An extract of the balance sheet of Murari and Vohra sharing

54 :-(a) An extract of the balance sheet of Murari and Vohra sharing profits and losses in the ratio of 3:2 was as under: New partner Krishna was admitted for…

Accountancy Admission of a partner TS Grewal Vol - 1

A and B are partners in a business sharing profits and losses

30 :- A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2025, their capitals were Rs 80,000 and…

Accountancy Admission of a partner Class 12

Question 15 to 18 (Calculation of New Profit – Sharing Ratio and Sacrificing Ratio)

15 :- A, B and C are partners sharing profits in the ratio of 2 : 2 : 1. D is admitted as a new partner for 1/6th share. C…