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A& b are partner sharing profits …

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A& b are partner sharing profits in the ratio of 7:5 and their fixed capital is 2000000,1400000 or salary of a is 12000 pm and salary of b is 120000 per year or IOC charged is 12 % profit of the year ended is 1008000 is changed equally pass the adjustment entry for the above

Posted by Sharma Sharma Sharma 8 years, 1 month ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Rao and Majumdar are partners sharing profits and losses in the ratio of 3: 2. Rao died on 31st December, 2020. The following was the Balance Sheet on that date: Payment to Executors in Instalments Liabilities Amount Assets Amount ed on 281 Creditors Reserve Rao's Capital Majumdar's Capital 24,000 Cash at Bank 15,000 Stock 18,000 40,000 Amount 18,000 25,000 Debtors Furniture 20,000 35,000 The share of Rao in firm's goodwill was agreed at 36,000. Assets and liabilities were valued reasonably. Assuming that 10,000 was paid immediately on January 1, 2021 and the balance was payable in three equal instalments on 31st December every year and interest was payable @ 12% per annum on unpaid balance. Prepare Rao's Executor's Account.

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CBSE > Class 12 > Accountancy

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Posted by Riya Chandan 1 year, 8 months ago

CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 5 months ago

CBSE > Class 12 > Accountancy

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B and C are partner sharing profit in the ratio 3 2. Goodwill appears in the book at Rs3000 DIs admitted into partnership on payment of 2000 for 1/4, share as goodwill .B and C between themselves.Sharing future profit and loses equally given journal.

Posted by Palak Sharma 1 year, 8 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Tanishk Kabra 1 year, 8 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Annu Sahani 1 year, 8 months ago

CBSE > Class 12 > Accountancy

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Gita Radha and Garv are partner sharing prophets in the ratio of 1 by 2 2 by 5 and 1 by 10 find the new profit sharing ratio of the remaining partners if girl retires

Posted by Mahi . 1 year, 8 months ago

CBSE > Class 12 > Accountancy

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