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Anita and babita are partners with …

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Anita and babita are partners with capitals of ₹10000 and₹12000 respectively. They admitted Rinky as a partner with1/5 share in profits of the firm.Rinky brings ₹10000 as his share of capital.Give necessary journal entries to record goodwill

    • Posted by Suhail Bashir 6 years, 7 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    Q. 46. Ayushi and Shristhi are partners sharing profits in 3 : 2. Their Balance Sheet showed Stock at ₹3,10,000; Machinery at ₹4,95,000; Debtors at ₹6,00,000; Creditors at ₹3,47,000. They admit Tina as a partner and new profit sharing ratio is agreed at 4: 3: 2. Following terms were agreed : (1) Machinery is overvalued by 10%. (ii) Unrecorded debtors of ₹20,000 be brought into books and provision for doubtful debts be created at 10%. (iii) Creditors of ₹27,000 are not likely to be paid. Shristhi's share in loss on revaluation amounted to ₹36,000. You are required to calculate the revalued value of stock

    • Posted by Shashank Shukla 1 year, 4 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Srishti Arya 1 year, 2 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Mohd Aman Mansoori 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    • Posted by Annu Sahani 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Palak Kumari 3 months, 2 weeks ago

    CBSE > Class 12 > Accountancy
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    • Posted by Palak Sharma 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    • Posted by Mahi . 1 year, 4 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers
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    CBSE > Class 12 > Accountancy
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    • Posted by Tanishk Kabra 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
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    Ativ, Meha and Nupur were partners in a firm sharing profits and losses in the ratio of 5 : 3:2. On 31-03-2016 their Balance sheet was as under: Liabilities Amount (T) Assets Amount (R) | Trade Creditors 26,500 Bank 23.500 Debtors 1,00,000 Stock 50,000 Fixed Assets 40,000 Advertisement Expenditure 25,000 Employees Provident Fund Ativ's Capital Meha's Capital 30,000 55,000 1,20,000 Nupur's Capital 10,000 2,40,000 2,40,000 Ativ retired on 1-4-2016. For this purpose, the following adjustments were agreed upon: (i) Goodwill of the firm was to be valued at 2 years purchase of the average profits of 3 completed years preceding the date of retirement. The profit for previous years were: 2013-14 55,000; 2014-15 7 65,000; 2015-16 7 60,000.

    • Posted by Munni Lal 1 year, 5 months ago

    CBSE > Class 12 > Accountancy
    • 0 answers

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