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Past adjustments- X Y and Z …

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Past adjustments- X Y and Z are equal partner in a firm. on 1st April 2017 their capital was ₹ 40000,₹ 60000,,₹ 8000 respectively after closing the account for the year 2017-18 , it was founded interest on capital @5% was not given according to partnership deed. it was decided that in the beginning of the next year an adjustment entry should be passed instead of changing the current year balance sheet. pass necessary journal entries.

Posted by Nia Gupta 1 year, 5 months ago

MP Board > Class 12 > Accountancy

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Posted by Sudheer Parmar 5 months, 2 weeks ago

MP Board > Class 12 > Accountancy

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Ameer and basheer partners sharing profits in the ratio of 3 : 2. From 1st Jan. 2018 they admit Sameer into partnership giving him 1/5th share of the profit; with a guarantee of 16,000 minimum. Ameer and Basheer as between themselves continued to share profit as before. Profit of the firm for 2018 was ₹ 40,000. Prepare Profit and Loss Appropriation A/c.

Posted by Account Deleted 8 months ago

MP Board > Class 12 > Accountancy

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28. Ameer and basheer partners sharing profits in the ratio of 3 : 2. From 1st Jan. 2018 they admit Sameer into partnership giving him 1/5th share of the profit; with a guarantee of 16,000 minimum. Ameer and Basheer as between themselves continued to share profit as before. Profit of the firm for 2018 was ₹ 40,000. Prepare Profit and Loss Appropriation A/c.

Posted by Account Deleted 8 months ago

MP Board > Class 12 > Accountancy

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Explain liquidity ratio.

Posted by Vanisha Saxena 7 months, 2 weeks ago

MP Board > Class 12 > Accountancy

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Posted by Rajpal Mandlloi 5 months ago

MP Board > Class 12 > Accountancy

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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.
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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 Vanisha Saxena 7 months, 2 weeks ago

MP Board > Class 12 > Accountancy