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…
Sohan, Ashish, Vishesh and Rashi were partners
20 :- Sohan, Ashish, Vishesh and Rashi were partners in a firm sharing profits and losses in the ratio of 4:3:2:1. With effect from 1st April,2023, they decided to share profits…
Anu, Manu, Sonu and Rohan were partners in a firm
19 :- Anu, Manu, Sonu and Rohan were partners in a firm sharing profits and losses in the ratio of 1:2:1:2. With effect from 1st April,2023, they decided to share profits…
Nitin, Tarun and Amar are partners sharing profits equally
18 :- Nitin, Tarun and Amar are partners sharing profits equally and decide to share profits in the ratio of 2 : 2 : 1 w.e.f 1st April, 2025. The extract…
A, B and C who are sharing 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…
Question 12 to 16 (Accounting of Reserves, Accumulated Profits and Losses)
12 :- Nitya and Anand are partners in a firm sharing profits and losses equally. With effect from 1st April 2025, they decided to share future profits in the ratio…