Question 62 Chapter 2 of +2-Part-1 62. (Capital ratio) Honest and Sincere are partners in a firm., having total capital of Rs.80,000 of which Rs.50,000 is of Honest and balance is of Sincere on 1st April 2017. As per the Read More …
Question 61 Chapter 2 of +2-Part-1 61. (Capital ratio/ interest on capital) X and Y commenced business on 1st April,2016 with a capital of Rs.20,000 and Rs.10,000 respectively. They agreed to share profits and losses in the ratio of their Read More …
Question 60 Chapter 2 of +2-Part-1 60. (Capital ratio/ interest on capital) X and Y commenced business on 1st Jan.2014 with capitals of Rs2,00,000 and Rs.1,00,000 respectively. They decided to share profits in their capital ratio. You are required to Read More …
Question 59 Chapter 2 of +2-Part-1 59. (Distribution of profit in the capital ratio) A starts business on 1 April 2018 with Rs.20,000. B joins him on 1st July 2018 and contributes Rs.10,000 as his capital. Both of them further Read More …
Question 58 Chapter 2 of +2-Part-1 58. (Profit and loss appropriation a/c, capital account & current accounts) From the following information, prepare:1. The profit and loss appropriation account of P,Q and R for the year ended 31.12.15.2.The capital and current Read More …
Question 57 Chapter 2 of +2-Part-1 57. (Profit and loss appropriation a/c)X, Y and Z are in partnership with capital of Rs.1,20,000(credit), Rs.1,00,000 (credit) and Rs.8,000 (debit) respectively on1st April,2018. Their partnership deed provided the following:1. Partners are to be Read More …
Question 56 Chapter 2 of +2-Part-1 56. (Profit and loss a/c, Partners Capital and Current a/c) Thread, Needle and Button are in partnership and during the year ended 31-3-2017, they earned a profit of Rs.83,000. Thread and Needle are entitled Read More …
Question 55 Chapter 2 of +2-Part-1 55. (P/L appropriation a/c, Partners fixed accounts) Black and White have capital of Rs. 75,000 and Rs.50,000 respectively on 1st April, 2016. They share profits in the ratio of 2:1.The firm has to transfer Read More …
Question 54 Chapter 2 of +2-Part-1 54. (Profit and loss appropriation a/c, Partners Capital and Current a/c) R, S and T are partners sharing profits and losses in proportion to their capitals in the beginning of the year. They are Read More …
Question 53 Chapter 2 of +2-Part-1 53. (Profit and loss appropriation a/c) Ted, Phil and Gordon are in partnership sharing profits two-fifths, two fifths and one-fifth and throughout the half-year ended 31st December 2017 their capital accounts have remained unchanged Read More …