
Question 61 Chapter 6 of +2-Part-1 61. (Revaluation A/c/Capital A/c Executor A/c/B/S) The balance sheet of A , B & C is given at 31-3-2017 : Liabilities Rs. Assets Rs. Capital A/c Cash at bank 17,000 A 25,000 Debtors Read More …
Question 61 Chapter 6 of +2-Part-1 61. (Revaluation A/c/Capital A/c Executor A/c/B/S) The balance sheet of A , B & C is given at 31-3-2017 : Liabilities Rs. Assets Rs. Capital A/c Cash at bank 17,000 A 25,000 Debtors Read More …
Question 60 Chapter 6 of +2-Part-1 60. (Journal Entries/Executor’s A/c) Bansal , Gupta and Goyal were partners, sharing profits and losses equally. Following was their Balance Sheet as on 31 March, 2018 Liabilities Rs. Assets Rs. Creditors 4,000 Cash at Read More …
Question 59 Chapter 6 of +2-Part-1 59. (Journal Entries/Executor’s Ale) R, S , T were partners sharing profits and losses in the ratio of 5:3:2 respectively. On 31st December 2017 their balance sheet stood as : Liabilities Rs. Assets Rs. Read More …
Question 58 Chapter 6 of +2-Part-1 58. (Deceased Partner’s Ac) Following is the balance sheet of Tony, Sony and Remy as on March 31, 2019 : Liabilities Rs. Assets Rs. Creditors 19,860 Cash in hand 1,210 General reserve 3,000 Stock Read More …
Question 57 Chapter 6 of +2-Part-1 57. (Journal Entries/Deceased Partner’s Executor A/c) A, B and Care partners sharing profits and loss in the ratio of 3:2 1 respectively. On 31st December, 2017 their balance sheet was as under : Liabilities Read More …
Question 56 Chapter 6 of +2-Part-1 56. (Journal Entries/Amount due to executors of deceased Partner) Following is the balance sheet of Black, Brown, and White as of 31st December 2018 Liabilities Rs. Assets Rs. Capital A/c Plant & Machinery Read More …
Question 55 Chapter 6 of +2-Part-1 55. (Current A/c of Deceased Partner) A, B and C are equal partners of a trading firm The capital of the firm is Rs. 30,000 held equally by the partners.The firm has taken out Read More …
Question 54 Chapter 6 of +2-Part-1 54 (Journalisation of Joint Life Policy) A, B and C are equal partners. They took out a joint life policy for Rs. 18,000 at an annual premium of Rs. 700. B died on 1-2-2016. Read More …
Question 53 Chapter 6 of +2-Part-1 53. (Amount Payable to deceased Partner’s Legal Representative) A , B and Care partners in a firm their balance sheet as at 31 December, 2017 is given below: Liabilities Rs. Assets Rs. Creditors 10,000 Read More …
Question 52 Chapter 6 of +2-Part-1 52. (Share of Goodwill) P, R, and S are in partnership sharing profits 4/8, 3/8and 1/8 respectively. It is provided under the partnership deed that on the death of any partner his share of Read More …