Question 39 Chapter 5 of Class 12 Part – 1 Usha Publication 39. (Revaluation Entries) Record the folowing in Journal. (a) A claim of Rs. 5,000 against the firm for late supply of goods was acknowledged. (b) A claim of Read More …
Question 38 Chapter 5 of Class 12 Part – 1 Usha Publication 38. (Revaluation Entries) Pass Journal Entries for the following revaluations. (a) Stockk Rs. 12,000 was increased to Rs. 15,000. (b) Stock Rs. 12,000 was increased by 25% .(c) Read More …
Question 37 Chapter 5 of Class 12 Part – 1 Usha Publication 37. (Comprehensive) A, B and C are partners in 3 : 2: 1 ratio. They admitted D and the new ratio is 4: 4:1 1. D will bring Read More …
Question 36 Chapter 5 of Class 12 Part – 1 Usha Publication 36. (Hidden Goodwill) A and B are partners with capitals of Rs. 8,000 and Rs. 6,000 respectively. They admit C as a partner with 1/4th share in the Read More …
Question 35 Chapter 5 of Class 12 Part – 1 Usha Publication 35. (Goodwill Existing in the books at the time of Admission and Retained in the Books) Seeta and Geeta are partners sharing profits equally. They admit Meeta for Read More …
Question 34 Chapter 5 of Class 12 Part – 1 Usha Publication 34. (Goodwill is brought in kind) X, Y and Z were doing business in 3:2:1 ratio. A was admitted for 1/6th share which was given to him by Read More …
Question 33 Chapter 5 of Class 12 Part – 1 Usha Publication 33. (Goodwill is brought in-kind) Manish and Satish are sharing profits in 4 : 3 ratio. Komal is admitted for 1/10th share. Komal gave stock Rs.30,000 valued at Read More …
Question 32 Chapter 5 of Class 12 Part – 1 Usha Publication 32. (Goodwill is brought in-kind) P and Q are partners in a 3: 2 ratio. They agreed to admit R for 1/4th share. He paid Rs. 30,000 for Read More …
Question 31 Chapter 5 of Class 12 Part – 1 Usha Publication 31. (Goodwill is to be calculated and not brought in cash) A and B are partners sharing profits in the ratio of 2/5 and 3/5. They admit C Read More …
Question 30 Chapter 5 of Class 12 Part – 1 Usha Publication 30. (Partner Partly brings the G/W) X, Y, and Z were partners sharing profits and losses as to X one-half: Y one-third; Z one-sixth. As from 1st January, Read More …