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A,B and C were paryners in …

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A,B and C were paryners in a firm sharing profit in 3:2:1 ratio.the firm closes its book on 31st march every year.B died on 12 june 2017.on B daeth goodwill of the firm was valued at 60000 .on B daeth hos shaer on the profit of the firm till the time of his daeth was to be calculated on the basisof previvous year profit whoch was 1,50,000 .calculate B shaer in the profit of the firm. Pass necessary journal entries for the treatment of godwill and B shaer of profit at the time of daeth

Posted by Vivek Singh 5 years, 9 months ago

CBSE > Class 12 > Accountancy

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On 1st April, 2015 X, y and X started a business in partnership. X contribute rupees 90,000 at first but withdraws rupees 30,000at the end of six months. Y introduces rupees 75,000 at first and increases it to rupees 90,000 at the end of four months, but withdraws it by rupee 60,000 at end of seven months. During the year ended 31st March 2016, they make a net profit of rupees 42,000. Show how the partners should divided this amount on the basis of effective capital employed by each partner.

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CBSE > Class 12 > Accountancy

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Posted by Prachi Yadav 12 hours ago

CBSE > Class 12 > Accountancy

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Pooja and Archna are parmas in a finn sharing profits and losses 1. Their capital accounts as en 1st April, 2017 stand at 70,000 ratio of 2 respectively. The partners the partners during s are allowed muret in capital @ 10% the year ended 31st March, 2018 amounted to p.a. The respectively. Interest is charged on drawings at the tale of 10% p.a. and t 1st December 1st February Interest on drawings is charged @ of A for the year ended 31st March, 20 [Ans. Interest on Drawings ₹221. Q. 22 (A). Gopal is a partner in a dras first day of every month during th If interest on drawings is c drawings of Gopal. 4,800 and Pooja has given a loan to firm as on 1st November, 2017 of ₹20,000. The profit of the firm for the year ended ist March, 2018 before adjustments was 280,000. 10% of this pult is beligt in a Reserve Account Current A/c balances on 1st April, 2017 wet Pooja ₹5,000 (Cr.); As 23,000 (Dr

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CBSE > Class 12 > Accountancy

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Posted by Tanya Chaudhary 1 week, 5 days ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Saksham Aryan 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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Posted by Pozhil Veer 1 week, 1 day ago

CBSE > Class 12 > Accountancy

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Posted by Soniya Yadav 1 day, 22 hours ago

CBSE > Class 12 > Accountancy

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Posted by Tanya Chaudhary 1 week, 5 days ago

CBSE > Class 12 > Accountancy

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Posted by Chhavi Jain 1 day, 13 hours ago

CBSE > Class 12 > Accountancy

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