Question 20 Chapter 4 of Class 12 Part – 1 Usha Publication 20. (Revaluation account) A, B and C are partners in 3:2:1 ratio. On 31st March, 2018 the following revaluation were made: Furniture Rs.25,000, revalued at Rs.22,000; Stock Rs.10,000, Read More …
Question 19 Chapter 4 of +2-Part-1 19. (Revaluation entries) X and Y share profits in 6:7 ratio. The future ratio will be 4:3 from 1st April 2018. They have decided to make a revaluation of assets and liabilities by passing Read More …
Question 18 Chapter 4 of Class 12 Part – 1 Usha Publication 18. (Treatment of Workmen Compensation Reserve) X, Y and Z are partners in 2:3:1 ratio. The new ratio will be 1:2:3. Extract of the balance sheet was followed: Read More …
Question 17 Chapter 4 of Class 12 Part – 1 Usha Publication 17. (Comprehensive Illustration) X,Y and Z are sharing profits and losses in 5:3:2 ratio. They agreed to share profits and losses in the ratio of 2:3:5 with effect Read More …
Question 16 Chapter 4 of Class 12 Part – 1 Usha Publication 16. (Comprehensive Illustration) X and Y are in partnership, sharing profits in 2:3 ratio. With effect from 1st April 2019, they agreed to share profits in the ratio Read More …
Question 15 Chapter 4 of Class 12 Part – 1 Usha Publication 15. (Balances appearing in B/S ) A, B and C are partners in 4:3:2 ratio. They decided to share the profits in the ratio of 3:2:1. On that Read More …
Question 14 Chapter 4 of Class 12 Part – 1 Usha Publication 14. (Different Cases) A and B are partners in 2:1 ratio. They had Rs.10,000 in deferred advertisement account and Rs.11,000 in (Dr.) profit and loss account. Show the Read More …
Question 13 Chapter 4 of Class 12 Part – 1 – 2024 13. A and B share profits in 5 : 3 ratio. On 31st March, 2018 they had ₹ 20,000 in general reserve and ₹ 8,000 in (Dr.) Profit Read More …
Question 12 Chapter 4 of Class 12 Part – 1 Usha Publication 12. (Different Cases) A B and C are partners in 2:2:1 ratio. They admitted D into the firm for 1/5 share. They had Rs.60,000 in profit and loss Read More …
Question 11 Chapter 4 of Class 12 Part – 1 Usha Publication 11. (Profit and loss account/ General Reserve are given) A B and C are partners in 2:3:3 ratio. On 31st December they had Rs. 80,000 in Profit and Read More …