Question 51 Chapter 7 of +2-A 51. X, Y and Z entered into partnership on 1st April, 2016. They contributed capital 40,000, 30,000 and 20,000 respectively and agreed to share profits in the ratio of 3 : 2 : 1. Interest Read More …
Question 50 Chapter 7 of +2-A 50. P, Q and R are three partners sharing profits and losses in the ratio of 3 : 3 : 2 respectively . Their respective capitals are in their profit-sharing proportions . On 1st April, Read More …
Question 49 Chapter 7 of +2-A 49. X and Y were partners sharing profits and losses in the ratio of 3: 2. They decided to dissolve the firm on 31st March 2018. On that date, their Capitals were X— 40,000 and Read More …
Question 48 Chapter 7 of +2-A 48. The partnership between A and B was dissolved on 31st March, 2018. On that date, the respective credits to the capitals were A— 1,70,000 and B— 30,000. 20,000 were owed by B to the Read More …
Question 47 Chapter 7 of +2-A 47. On 1st April, 2017 , A , B and C commenced business in partnership sharing profits and losses in proportion of 1/2,1/3 and 1/6 respectively . They paid into their Bank A/c as their Read More …
Question 46 Chapter 7 of +2-A 46. A, B and C were in partnership sharing profits and losses in the ratio of 2 : 1 : 1. They decided to dissolve the partnership. On that date of dissolution, Sundry Assets (including Read More …
Question 45 Chapter 7 of +2-A 45. A, B and C started business on 1st April, 2016 with capitals of 1,00,000; 80,000 and 60,000 respectively sharing profits losses in the ratio of 4 : 3 : 3 . For the year Read More …
Question 44 Chapter 7 of +2-A 44. X, Y and Z entered into a partnership and contributed 9,000; 6,000 and 3,000 respectively. They agreed to share profits and losses equally. The business lost heavily during the very first year and they Read More …
Question 43 Chapter 7 of +2-A 43. Ashok and Kishore were in partnership sharing profits in the ratio of 3: 1. They agreed to dissolve the firm. The assets (other than cash of 2,000) of the firm realized 1,10,000. The liabilities Read More …
Question 42 Chapter 7 of +2-A 41. A and B dissolve their partnership . Their position as at 31st March , 2018 was: Particulars A’s Capital 25,000 B’s Capital 15,000 Sundry Creditors 20,000 Cash in Hand and at Bank 750 Read More …