Posted inAccountancy Class 12 General
A and B were partners in a firm sharing profits equally
13 :- A and B were partners in a firm sharing profits equally. Their capitals were: A – Rs 1,20,000 and B – Rs 80,000. The annual rate of interest…
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Sakshi and Megha were partners sharing profits and losses in the ratio of 3:1
12 :- Sakshi and Megha were partners sharing profits and losses in the ratio of 3:1. Capital employed as on 31st March, 2024 was Rs 14,00,000. Profit earned on an average…
Posted inAccountancy Class 12 General
Atul and Bipul had a firm in which they had invested Rs 50,000
11 :- Atul and Bipul had a firm in which they had invested Rs 50,000. On average, the profits were Rs 16,000. The normal rate of return in the industry is 15%.…
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The capital of the firm of Anuj and Benu
10 :- The Capital of the firm of Anuj and Benu is Rs 10,00,000 and the market rate of interest is 15%. The annual salary of the partners is Rs 60,000 each.…
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Question 8 to 9 (Weighted Average Profit Method)
8 :- Profits of a firm for the year ended 31st March for the last five years were Calculate the value of goodwill on the basis of three years’ purchase…
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Raman and Daman are partners sharing profits in the ratio of 60 : 40
9 :- Raman and Daman are partners sharing profits in the ratio of 60 : 40 and for the last four years they have been getting annual salaries of Rs 50,000…
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Profits of a firm for the year ended 31st March for the last five years were
8 :- Profits of a firm for the year ended 31st March for the last five years were Calculate the value of goodwill on the basis of three years’ purchase…
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Question 4 to 7 (Average Profit Method when Past Adjustments are made)
4 :- Asin and Shreyas were partners sharing profits and losses in the ratio of 2 : 1. They admitted Shyam as a partner for 1/5th share in profits. For…
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Sumit purchased Amit’s business on 1st April,2025
7 :- Sumit purchased Amit’s business on 1st April, 2025. Goodwill was decided to be valued at two years’ purchase of average normal profit of the last four years. The profits…
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Abhay, Babu and Charu are partners sharing profits and losses equally
6 :- Abhay, Babu, and Charu are partners sharing profits and losses equally. They agree to admit Daman for an equal share of profits. For this purpose, the value of…