No products in the cart.

If A and B are two …

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

If A and B are two partners in a firm , A withdrawn money from firm and started his own business and he is also a partner of existing firm, If A earn profit in his own business then will B have share in the profit?, if A's firm suffered from loss, then will B have share in the loss?

Posted by Sunidhi Choudhary 5 years, 11 months ago

CBSE > Class 12 > Accountancy

1 answers

Vinay Kunar 5 years, 11 months ago

yes loss also share with partner B

2Thank You

ANSWER

Related Questions

Madhuri and Arsh were partners in a firm sharing profits and Their Balance Sheet as at 31 ^ (st) * M * a * r * c * h 2019, was as follows: losses in the ratio of 3: 1. Balance Sheet of Madhuri and Arsh As on 31 ^ (st) March, 2019 4 Assets Amount (3) Liabilities Amount () 4,70,000 1,10,000 Capital Madhuri Arsh 1,20,000 2,00.000 Machinery Investments 5,00,000 Debtors Less: Provision for doubtful 60,000 debts Workmen's Compensation Fund (10,000) 1,10,000 Creditors Employees' Provident Fund 1,90,000 Stock 1,10,000 8,60,000 Cash 1,40,000 30,000 8,60,000 On 1 ^ (st) April, 2019, they admitted Jyoti into partnership for 1 / (4 ^ (th)) share in the profits of the firm. Jyoti brought proportionate capital and 40,000 as her share of goodwill premium. The following terms were agreed upon; (i) Provision for doubtful debts was to be maintained at 10% on debtors. (ii) Stock was undervalued by 10,000. (iii) An old customer whose account was written off as bad, paid 15,000.. (iv) 20% of the investments were taken over by Arsh at book value. (v) Claim on account of workmen's compensation amounted to 70,000. (vi) Creditors included a sum of 27,000 which was not likely to be claimed. Prepare Revaluation Account, Partners' Capital Accounts and the Balance Sheet of the reconstituted firm

Posted by Pozhil Veer 10 hours ago

CBSE > Class 12 > Accountancy

0 answers

ABC aur partners having profit equally b is guaranteeng minimum profit of the 2 lakhs per annum salary is payable to be of 10000 per month net profit for the year ending 31st March 2024 is 660000

Posted by Akash Seervi 1 week, 2 days ago

CBSE > Class 12 > Accountancy

0 answers

Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2 They had given a loan to a firm for 30000 in their profit sharing ratio 1st October 2021The partnership deed is silent on interest on loan from partner compute interest payable by the firm to the partner assuming the firm closer it's book every year on 31 March

Posted by Payal Gurung 6 days, 16 hours ago

CBSE > Class 12 > Accountancy

0 answers

Dev with true rupees 10 10000 on 15th day of every month interest on drawing was be changed a 12% per annum calculate interest on their string

Posted by Tanya Chaudhary 4 days, 13 hours ago

CBSE > Class 12 > Accountancy

0 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 Pragya Shukla 1 week, 2 days ago

CBSE > Class 12 > Accountancy