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Mohammed Raheen
Subject: Accountancy
, asked on 23/10/19
Expert please solve this doubt!!!!!!
Answer
1
Jeevan Jain
Subject: Accountancy
, asked on 14/4/22
Solve if u can
Answer
1
Adithya
Subject: Accountancy
, asked on 9/8/21
PLEASE SOLVE THIS
Answer
4
Adithya
Subject: Accountancy
, asked on 9/8/21
PLEASE SOLVE THIS
Answer
1
Adithya
Subject: Accountancy
, asked on 9/8/21
PLEASE SOLVE THIS
Answer
1
Saniya
Subject: Accountancy
, asked on 28/9/20
Please help.. It's urgent
Answer
2
Suma
Subject: Accountancy
, asked on 19/9/20
Raaga and Tala partners sharing profits and losses in the ratio 7:3 admin Shruti into the partnership Raga surrenders 1/2 and of his share and Tala 1/4 of a share in favour of Shruti calculate the new profit sharing ratio of Raga talent Shruti
Answer
2
Thasma
Subject: Accountancy
, asked on 27/8/20
Veena and Vani are partners sharing profits in the ratio of 3:2. The admit Rani as a new partner for 1/5th shar ing the future profits of the firm which she gets equally from Veena and Vani.Calculate new profit sharing ratio of Veena Vani and Rani
Answer
2
Aditya Kamath
Subject: Accountancy
, asked on 4/8/19
Please solve this need it fast
Answer
1
Aditi
Subject: Accountancy
, asked on 17/7/19
A.Capital of new partner Jagdish is cash Rs. 50000 as capital and Rs. 25000 towards goodwill.
B. Depreciate Machinery by 10%
C. Increase provision for doubtful debts by Rs.4000
D.buildings are revalued at Rs. 120500.
Prepare:i)Revaluation account
ii) partners capital account
iii) balance sheet of the firm.
3. Suresh and Shankar are partners in a firm sharing profits and losses ratio of 1 : 1. Their balance sheet as on 31.03.2017 was as follows.
Balance Sheet as on 31.3.2017
Liabilities
Rs
Assets
Rs
Creditors
Bills Payable
Reserve Fund
Capital Accounts:
Suresh 60,000
Shankar
40,000
Profit and Loss A/c
40,000
45,000
15,000
100,000
30,000
Cash at Bank
Stock
Debtors 40,000
Less PDD
2,000
Furniture
Machinery
Buildings
Patents
30,000
25,000
38,000
10,000
15,000
92,000
20,000
2,30,000
2,30,000
On 01.04.2017, they admit Jagadish as a new partner for 1/4th share in the future profits on the following terms:
Answer
1
Vinay
Subject: Accountancy
, asked on 5/3/19
State any two circumstances under which a partnership firm is disolved
Answer
1
Nidhi
Subject: Accountancy
, asked on 3/2/19
11.?A?, ?B? and ?C? are partners in a firm sharing profits and losses in the ratio of 4:3:3.
Their balance sheet as on 31.03.2017 was as follows.
Balance Sheet as on 31.03.2017
Liabilities Rs Assets Rs
Creditors 100,000 Cash at Bank 17,000
Reserve 32,000 Bills Receivable 19,000
Bank OD 8,000 Debtors 1,20,000
Capitals: Less: PDD 6,000 114,000
A 40,000 Stock 80,000
B 50,000 Buildings 60,000
C 60,000
290,000 290,000
On 01.04.2017 they admitted ?D? into the partnership on the following terms.
a. Mr. ?D? brings Rs. 50,000 as his capital.
b. A Goodwill account is created for Rs. 64,000 and written off by all partners in their
new profit sharing ratio i.e., 6:9:9:8.
c. Reduce stock by 10% and increase buildings to Rs. 69,000.
d. Provision for doubtful debts decreased by Rs. 2,000.
Prepare: i). Revaluation Account
ii). Partners Capital Account.
iii). New Balance sheet of the new firm.
(Ans: Profit on Revaluation Account Rs. 3,000, Partners Capital Account balance
A - Rs. 67,600, B - Rs. 61,700, C - Rs. 71,700, D - Rs. 34,000, Bank Account Rs.
67,000, Balance Sheet total Rs. 3,43,000)
Answer
1
Nidhi
Subject: Accountancy
, asked on 3/2/19
Please help asap TIA
Answer
1
Nidhi
Subject: Accountancy
, asked on 1/1/19
Jagdish should bring in cash rs 50000 as his cap and 25000 towards goodwill b.depriciate machinery by 10% c.increase pdd by 4000 d.buildings are re valued at 102500 prepare reval acc,partners cap ,balance sheet
Answer
1
Ramesh
Subject: Accountancy
, asked on 13/9/18
State any two debentures of partnership?
Answer
1
1
2
3
4
5
Next
What are you looking for?
B. Depreciate Machinery by 10%
C. Increase provision for doubtful debts by Rs.4000
D.buildings are revalued at Rs. 120500.
Prepare:i)Revaluation account
ii) partners capital account
iii) balance sheet of the firm.
3. Suresh and Shankar are partners in a firm sharing profits and losses ratio of 1 : 1. Their balance sheet as on 31.03.2017 was as follows.
Balance Sheet as on 31.3.2017
Bills Payable
Reserve Fund
Capital Accounts:
Suresh 60,000
Shankar 40,000
Profit and Loss A/c
45,000
15,000
100,000
30,000
Stock
Debtors 40,000
Less PDD 2,000
Furniture
Machinery
Buildings
Patents
25,000
38,000
10,000
15,000
92,000
20,000
On 01.04.2017, they admit Jagadish as a new partner for 1/4th share in the future profits on the following terms:
Their balance sheet as on 31.03.2017 was as follows.
Balance Sheet as on 31.03.2017
Liabilities Rs Assets Rs
Creditors 100,000 Cash at Bank 17,000
Reserve 32,000 Bills Receivable 19,000
Bank OD 8,000 Debtors 1,20,000
Capitals: Less: PDD 6,000 114,000
A 40,000 Stock 80,000
B 50,000 Buildings 60,000
C 60,000
290,000 290,000
On 01.04.2017 they admitted ?D? into the partnership on the following terms.
a. Mr. ?D? brings Rs. 50,000 as his capital.
b. A Goodwill account is created for Rs. 64,000 and written off by all partners in their
new profit sharing ratio i.e., 6:9:9:8.
c. Reduce stock by 10% and increase buildings to Rs. 69,000.
d. Provision for doubtful debts decreased by Rs. 2,000.
Prepare: i). Revaluation Account
ii). Partners Capital Account.
iii). New Balance sheet of the new firm.
(Ans: Profit on Revaluation Account Rs. 3,000, Partners Capital Account balance
A - Rs. 67,600, B - Rs. 61,700, C - Rs. 71,700, D - Rs. 34,000, Bank Account Rs.
67,000, Balance Sheet total Rs. 3,43,000)