Posted inAccountancy Class 12 General
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.…
Posted inAccountancy Class 12 General
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…
Posted inAccountancy Class 12 General
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…
Posted inAccountancy Class 12 General
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…
Posted inAccountancy Class 12 General
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…
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Tarang purchased Jyoti’s business with effect from 1st April,2025.
5 :- Tarang purchased Jyoti’s business with effect from 1st April, 2025. Profits shown by Jyoti’s Business for the last three financial years ended 31st March were:2023 : Rs 1,00,000 (including an abnormal…
Posted inAccountancy Class 12 General
Asin and Shreyas were partners
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…
Purav and Purvi are partners in a firm
3 :- Purav and Purvi are partners in a firm sharing profits and losses in the ratio of 2 : 1. They admit Parv into a partnership for 1/4th share…