Question 24 Chapter 2 – Unimax Class 12 Part 1
Table of Contents
24. A starts a business on 1st January, 2021 with Rs. 5000. B joins on 1st May, 2021 with Rs. 10000. On 1st July, 2021 C comes in as a partner with Rs. 15000. On the same date, A contributed Rs. 5000 and B Rs. 10000 as further capital. Calculate capital ratios of partners.
The solution of Question 24 Chapter 2 – Unimax Class 12 Part 1:
| Name of Partner | Date | Capital (Rs.) | Months | Product (Rs.) |
| A | 1st Jan., 2021 | 5000 | 12 | 60000 |
| 1st July., 2021 | 5000 | 6 | 30000 | |
| 90000 | ||||
| B | 1st May., 2021 | 10000 | 8 | 80000 |
| 1st May., 2021 | 10000 | 6 | 60000 | |
| 140000 | ||||
| c | 1st May., 2021 | 15000 | 6 | 90000 |
Capital Ratio = 90000 : 140000 : 90000
= 9 : 14 : 9
https://tutorstips.com/not-for-profit-organisations/
T.S. Grewal’s Double Entry Book Keeping +2 (Vol. I: Accounting for Not-for-Profit Organizations and Partnership Firms)
- Chapter No. 1 – Financial Statement of Not-For-Profit Organisations
- Chapter No. 2 – Accounting for Partnership Firms – Fundamentals
- Chapter No. 3 – Goodwill: Nature and Valuation
- Chapter No. 4 – Change in Profit-Sharing Ratio Among the Existing Partners
- Chapter No. 5 – Admission of a Partner
- Chapter No. 6 – Retirement/Death of a Partner
- Chapter No. 7 – Dissolution of a Partnership Firm
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 8 – Company Accounts – Accounting for Share Capital
- Chapter No. 9 – Company Accounts – Issue of Debentures
- Chapter No. 10 – Redemption of Debentures
T.S. Grewal’s Double Entry Book Keeping (Vol. II: Accounting for Companies)
- Chapter No. 1 – Financial Statements of a Company
- Chapter No. 2 – Financial Statement Analysis
- Chapter No. 3 – Tools of Financial Statement Analysis – Comparative Statements and Common- Size Statements
- Chapter No. 4 – Accounting Ratios
- Chapter No. 5 – Cash Flow Statement
Check out T.S. Grewal +2 Book 2020@ Official Website of Sultan Chand Publication