No products in the cart.

Issue Vishu and Nishu are Partners …

CBSE, JEE, NEET, CUET

CBSE, JEE, NEET, CUET

Question Bank, Mock Tests, Exam Papers

NCERT Solutions, Sample Papers, Notes, Videos

Issue Vishu and Nishu are Partners in a firm, sharing profit and loses in the ratio of 2 ratio ratio.Their fix capital was 100000, 5000300000, 3000600000, respectively.After the final accounts have been prepared , it was discovered and trust on capital was credited to them at the rate twelve percent instead of ten percent

Posted by Manya Manya 2 months ago

CBSE > Class 12 > Accountancy

0 answers

ANSWER

http://mycbseguide.com/examin8/

Related Questions

B and C are partner sharing profit in the ratio 3 2. Goodwill appears in the book at Rs3000 DIs admitted into partnership on payment of 2000 for 1/4, share as goodwill .B and C between themselves.Sharing future profit and loses equally given journal.

Posted by Palak Sharma 2 days, 9 hours ago

CBSE > Class 12 > Accountancy

0 answers

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 week, 1 day ago

CBSE > Class 12 > Accountancy

0 answers

On 1st April ,2019 ,Mathew Ltd issued 10,000,9%Debentures of rs.100each at a discount of 5%,redeemable at premium of 5%.These debentures were redeemable as follows: On 31st March ,20-2000debentures On31st March,21. 5000Deb On 31st March 22. 3000Debentures . Prepare account for loss on issue of debenture , 9%Debentures ,and premium on redemption

Posted by Riya Chandan 5 days, 11 hours ago

CBSE > Class 12 > Accountancy

0 answers

MBM BET GAME Customer care Helpline number+91=8961063694//9831229001=Call now

Posted by Munna Mickel 5 days, 19 hours ago

CBSE > Class 12 > Accountancy

5 answers

Vyom APP CUSTOMER CARE HELPLINE NUMBER@9831229OO1✓%∆%✓8962013573+// Call now very helpful TOLL-FREE.tdtrsfr

Posted by Naushad Jamil Ahmed Qureshi 1 week, 3 days ago

CBSE > Class 12 > Accountancy

2 answers

Vyom APP CUSTOMER CARE HELPLINE NUMBER@9831229OO1✓%∆%✓8962013573+// Call now very helpful TOLL-FREE.8962013573Vyom APP CUSTOMER CARE HELPLINE NUMBER@9831229OO1✓%∆%✓8962013573+// Call now very helpful TOLL-FREE.

Posted by Naushad Jamil Ahmed Qureshi 1 week, 3 days ago

CBSE > Class 12 > Accountancy

2 answers

Accounting for partnership Firms Fundamentals notes

Posted by Mohd Aman Mansoori 3 days, 16 hours ago

CBSE > Class 12 > Accountancy

0 answers

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 week ago

CBSE > Class 12 > Accountancy

0 answers

The capital of the firm of anuj and benu is , 100000 and the market rate of interest is 15% . Annual salary to the partner is 60000 each. The profit for the last three years were , 300000 ,360000 , 420000. Goodwill of the firm is to be valued on the basis of two years purchase of last three years average super profit

Posted by Annu Sahani 1 week ago

CBSE > Class 12 > Accountancy

0 answers

Gold pocket Loan App Customer care Helpline number+91)8961063694//9831229001//call now 24 hours Gold pocket Loan App Customer care Helpline number+91)8961063694//9831229001//call now 24 hours Gold pocket Loan App Customer care Helpline number+91)8961063694//9831229001//call now 24 hours Gold pocket Loan App Customer care Helpline number+91)8961063694//9831229001//call now 24 hours lpooaa

Posted by Munna Mickel 6 days, 10 hours ago

CBSE > Class 12 > Accountancy

5 answers

myCBSEguide App

myCBSEguide

Trusted by 1 Crore+ Students

Test Generator

Test Generator

Create papers online. It's FREE.

CUET Mock Tests

CUET Mock Tests

75,000+ questions to practice only on myCBSEguide app

Google Play

Download myCBSEguide App