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Mahek or kanika are partners profits …

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Mahek or kanika are partners profits & losses sharing equally, Mahek drew regularly 3000 rs. in the beg. of every months for six months ending 30 June 2017 if firm follow the calendar year. Calculate IOD 10% P.A. Answer is - more than 1000 & less than 1500

Posted by Shivam Sharma 6 years, 7 months ago

CBSE > Class 12 > Accountancy

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CBSE > Class 12 > Accountancy

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Posted by Srishti Arya 1 year, 2 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

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Posted by Riya Chandan 1 year, 5 months 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 Palak Kumari 3 months, 2 weeks ago

CBSE > Class 12 > Accountancy

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Posted by Shashank Shukla 1 year, 4 months ago

CBSE > Class 12 > Accountancy

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