Question 45 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 45 Chapter 7 of +2- Part

Question 45 Chapter 7 of +2-Part-1 45. (Comprehensive) Amar, Akbar and Anthony commenced business on 1st April 2018, sharing profits and losses in the ratio of 2: 2:1. Capitals contributed were: Amar Rs. 40,000: Akbar Rs. 30,000 and Anthony RS. Read More …

Question 43 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 43 Chapter 7 of +2- Part

Question 43 Chapter 7 of +2-Part-1 43. (Realisation A/c/Cash A/c/Capital A/c’s) The partnership between Read and Write was dissolved on 31-3-2017. On that date the respective credits to the capitals were Read Rs. 1,70,000 and Write Rs. 30,000: Rs. 20,000 Read More …

Question 42 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 42 Chapter 7 of +2- Part

Question 42 Chapter 7 of +2-Part-1 42. (Realisation A/c) Sachin and Tarun were partners sharing profits and losses as to 2/3 and 1/3 respectively. On 31st December 2015 they dissolved the partnership firm when their books showed the following ledger Read More …

Question 40 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 40 Chapter 7 of +2- Part

Question 40 Chapter 7 of +2-Part-1 40. (Journal/Realisation A/e/Partner’s Capital A/e) Prakash, Kiran and Rishabh are partners in a firm sharing profits and losses in the ratio of 3:21 Their Balance sheet an at 31 March, 2015 stood as follows: Read More …

Question 38 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 38 Chapter 7 of +2- Part

Question 38 Chapter 7 of +2-Part-1 38. (Realisation A/c/Partners‘ Capital A/c/Cash A/e) Bhuvan, Suraj and Ibrahim were partners in a firm sharing profits in the ratio of 3: 2:1. On 30th June, 2015, they decided to dissolve the firm. Following Read More …

Question 37 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 37 Chapter 7 of +2- Part

Question 37 Chapter 7 of +2-Part-1 37. (Goodwill does not appear in Books/Realisation Ac/Bank A/e/Partner’s Capital A/c) Mrs. Ritu Chaudhary and Miss Shobha are partners in a firm ‘Fancy Garments Exports’ sharing profits and losses equally on 1st January 2016, Read More …

Question 36 Chapter 7 of +2 Part-1 – USHA Publication 12 Class Part – 1

Question 36 Chapter 7 of +2- Part

Question 36 Chapter 7 of +2-Part-1 36. (Realisation A/c/Bank A/c/Partner’s Capital A/e) The following Arvind and Balbir as on 31st December, 2015. Liabilities  Rs. Assets  Rs.  Trade Creditors  45,000 Cash 50 Bills payable  12,000 Bank  12,000 Mrs. Arvind loan  7,500 Read More …