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A and b are partner sharing …

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A and b are partner sharing profit and loss in ratio 3 : 2 the capital where 2,00,000 ; 3,00,000 interest on capital is to be allowed @ 10% p a and interest on drawing to be charged @ 5% p.a salary to be allowed 1000 per month each. bonus is to be allowed Rs 100 rupees per month (A). the profit for the year amount to Rs 50,000 there is no partnership deed between the partners. A is given an advance of Rs 50,000 on 1st October 2020 prepare profit and loss appropriation account

Posted by Smriti Kesharwani 2 years, 4 months ago

CBSE > Class 12 > Accountancy

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Shreya Sengar 2 years, 4 months ago

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CBSE > Class 12 > Accountancy

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Posted by Munni Lal 4 months, 1 week 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 . 3 months, 4 weeks ago

CBSE > Class 12 > Accountancy

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Posted by Palak Kumari 3 months, 3 weeks ago

CBSE > Class 12 > Accountancy

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Posted by Palak Sharma 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Posted by Tanishk Kabra 4 months, 1 week ago

CBSE > Class 12 > Accountancy

0 answers

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Posted by Mohd Aman Mansoori 4 months ago

CBSE > Class 12 > Accountancy

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Q. 120. Risha and Nisha were partners. The partnership deed provides: (1) That the accounts be balanced on 31st December each year. (ii) The profits be divided as follows: Risha one-half, Nisha one-third and carried to Reserve account one-sixth. (ii) That in the event of death of a partner, her executor will be entitled to the following: (a) The capital to her credit at the date of death. (b) Her proportion of profit to date of death based on the average profits of the last three completed years. (c) Her share of goodwill based on three year's purchase of the average profits for the three preceding completed years. On 31st December, 2020 the Trial Balance was as under: Particulars Risha's Capital Nisha's Capital Reserves Bills Receivables Investments Cash Creditors Dr. (3) Cr. (3) 90,000 60,000 30,000 50,000 40,000 1,10,000 20,000 2,00,000 2,00,000 The profits for the three years were: 2018 ₹4,200; 2019 ₹3,900 and 2020 ₹4,500. Nisha died on 31st May, 2021. Draw up the deceased Partner's Capital A/c and Executor's A/c. Ans. Balance due to Nisha's Executor's ₹77,740.]

Posted by Srishti Arya 1 month, 2 weeks ago

CBSE > Class 12 > Accountancy

0 answers

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Posted by Annu Sahani 4 months ago

CBSE > Class 12 > Accountancy

0 answers

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Posted by Shashank Shukla 3 months, 4 weeks ago

CBSE > Class 12 > Accountancy

0 answers

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