No products in the cart.

Asha and Lata are partners sharing …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Asha and Lata are partners sharing profit and loss in the ratio 1:2

Posted by Divyansh Verma 2 months, 2 weeks ago

CBSE > Class 12 > Accountancy

2 answers

Shakthi Shakthi 2 months, 2 weeks ago

3

Lucifar Morningstar 2 months, 2 weeks ago

3

ANSWER

http://mycbseguide.com/examin8/

Related Questions

Illustration 27 cash flow

Posted by Sehaj Batra 2 days, 2 hours ago

CBSE > Class 12 > Accountancy

0 answers

Dr vinod Kumar book solutions

Posted by Gurvinder Singh 2 days, 6 hours ago

CBSE > Class 12 > Accountancy

0 answers

Assertion (A): A firm is reconstituted in the event of change in the profit sharing ratio among existing partners, admission of a partner, retirement of a partner and death of a partner. Reason (R): Reconstitution of the firm leads to change in profit-sharing ratio among the partners.

Posted by Gautam Singhal 1 day, 5 hours ago

CBSE > Class 12 > Accountancy

0 answers

Sharma and varma were partners in a firm sharing profits in the ratio of 4:1. Their capitals on 1.04.2006 were sharma ₹500000 and verma ₹ 100000. The partnership deed provided that sharma will get a commission of 10% on the profit after allowing a salary ₹5000 to verma. The profit of the firm for the year ended 31st March 2007 was ₹280000.

Posted by Sarsij Mishra 4 days, 8 hours ago

CBSE > Class 12 > Accountancy

1 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Tanvi Chogale 1 week ago

CBSE > Class 12 > Accountancy

2 answers

This content has been hidden. One or more users have flagged this content as inappropriate. Once content is flagged, it is hidden from users and is reviewed by myCBSEguide team against our Community Guidelines. If content is found in violation, the user posting this content will be banned for 30 days from using Homework help section. Suspended users will receive error while adding question or answer. Question comments have also been disabled. Read community guidelines at https://mycbseguide.com/community-guidelines.html

Few rules to keep homework help section safe, clean and informative.

Don't post personal information, mobile numbers and other details.
Don't use this platform for chatting, social networking and making friends. This platform is meant only for asking subject specific and study related questions.
Be nice and polite and avoid rude and abusive language. Avoid inappropriate language and attention, vulgar terms and anything sexually suggestive. Avoid harassment and bullying.
Ask specific question which are clear and concise.

Remember the goal of this website is to share knowledge and learn from each other. Ask questions and help others by answering questions.

Posted by Prachi Yadav 1 week ago

CBSE > Class 12 > Accountancy

0 answers

A, B and C were partners in a firm having capitals of ₹2,00,000; ₹2,00,000 and ₹80,000 respectively on 1st April, 2022. Their Current Account balances were A : *20,000; B: ₹10,000 and C: ₹5,000 (Dr.). According to the partnership deed the partners were entitled to interest on capital @ 10% p.a. B being the working partner was also entitled to a salary of ₹6,000 per quarter. The profits were to be divided as follows: (a) The first ₹60,000 in proportion to their capitals. (b) Next 1,00,000 in the ratio of 4: 3: 1. (c) Remaining profits to be shared equally. The firm made a profit of ₹2,80,000 for the year ended 31st March, 2023 before charging any of the above items. Prepare the Profit & Loss Appropriation Account and pass necessary journal entry for apportionment of profits.

Posted by Lakshay Agarwal 1 week, 3 days ago

CBSE > Class 12 > Accountancy

0 answers

Illustration 27 of cash flow investing activiates

Posted by Sehaj Batra 2 days, 2 hours ago

CBSE > Class 12 > Accountancy

0 answers

On 1st April 2023 A and b comments to business with capital of ₹600000 and ₹200000 respectively on 31st March 2024 the net profit (before taking into account the provisions of deed) was ₹240000 interest on capital is to be allowed at 6% per annum b was entitled to a salary of ₹60000 per annum the drawings of the partners A and b were ₹60000 and ₹40000 respectively the interest on drawings for a being ₹2000 and b ₹1000 assuming that A and b are equal partners prepare the profit and loss appropriation account and partners capital account as at 31st March 2024

Posted by Anwushka Soni 4 days, 3 hours ago

CBSE > Class 12 > Accountancy

1 answers

Is depreciation charged from machinery an abnormal loss?

Posted by Dolly Yumnam 14 hours ago

CBSE > Class 12 > Accountancy

0 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App