Category: Chapter No. 4 – Partnership Accounts – III Reconstitution of Partnership

Question 25 Chapter 4 of Class 12 Part – 1 Usha Publication 25. (Journal/ Capital a/c/ Balance sheet) X and Y are partners sharing profits in 4:3 ratio. The balance sheet as on 31st March 2018 was as follows: Advertisement Read More …

Question 24 Chapter 4 of Class 12 Part – 1 Usha Publication 24. (Revaluation entries/ Capital a/c/ Balance sheet) X, Y and Z are partners in 6:3:1 ratio. Their balance sheet was as under on the date of change of Read More …

Question 23 Chapter 4 of Class 12 Part – 1 Usha Publication 23. (Revaluation by passing a single adjustment entry) P, Q and R are sharing profits and losses in the ratio of 5:3:2. They decided to share future profits Read More …

Question 22 Chapter 4 of Class 12 Part – 1 Usha Publication 22. (Preparation of B/S) The following is the Balance sheet of A, B and C as on 31st March 2018. The partner share profits in 4:3:3 and they Read More …

Question 21 Chapter 4 of Class 12 Part – 1 Usha Publication 21. (Revaluation account) Prepare revaluation account of a firm of partner A and B: Creditors gave up claim Rs.4,000; Bills payable reduced by Rs.2,000; Salary outstanding not yet Read More …