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.…
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…
Posted inRetirement 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…
Posted inRetirement 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…
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…
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…
Posted inAccountancy 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…
Posted inAccountancy Admission of a partner Class 12
Anil and Bimal are partners. They admit Raman as a partner for 1/4 share
18 :- Anil and Bimal are partners. They admit Raman as a partner for 1/4 shareYou are required to determine(a) Profit sharing ratio between Anil and Bimal before Raman’s admission…
Posted inAccountancy Admission of a partner Class 12
Amit and Vidya are partners sharing profits and losses
17 :- Amit and Vidya are partners sharing profits and losses in the ratio of 3:2. They admitted Chintan into partnership who acquires 1/5th of his share from Amit and…
Posted inAccountancy Admission of a partner Class 12
A, B, C and D are in partnership sharing profits and losses in the ratio
16 :- A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the partnership…