Question 30 Chapter 6 of Class 12 Part – 1 Usha Publication 30. (Journal/Ledger A/c/Balance Sheet) A, B and C were partners sharing in 3:2:1. balance sheet was as under : Advertisement Liabilities Rs. Assets Rs. Creditors 13,590 Cash 4,700 Read More …
Question 29 Chapter 6 of Class 12 Part – 1 Usha Publication 29. (JLP A/c Closed) Joint life policy Rs. 35,000 and reserve against this appear in the Balance Sheet of A, B and C who share profits in 3 Read More …
Question 28 Chapter 6 of Class 12 Part – 1 Usha Publication 28. (Surrender Value of JLP given) X, Y and Z are partners in a firm. Surrender value Rs. 72,000 appears in the balance sheet. It was decided on Read More …
Question 27 Chapter 6 of Class 12 Part – 1 Usha Publication 27. (Surrender Value of JLP given) A, B, and C are partners in the 2:3:1 ratio They took a policy of Rs. 5,00,000 and paid an annual premium Read More …
Question 26 Chapter 6 of Class 12 Part – 1 Usha Publication 26. (Revaluation A/c) Prepare Revaluation Account of A, B and C on the retirement share of C . Their share in 6:3: 1 ratio.1. Unrecorded plant of Rs. Read More …
Question 25 Chapter 6 of Class 12 Part – 1 Usha Publication 25. (Revaluation Entries) Record the following in journal on the retirement of A, the firm decided :(a) To depreciate furniture on a straight-line basis @ 10% p.a. for Read More …
Question 24 Chapter 6 of Class 12 Part – 1 Usha Publication 24. (Goodwill does not exists) Ramesh, Suresh and Naresh were partners in a firm sharing profits in the ratio of 5: 3:2. Naresh retired and the new profit Read More …
Question 23 Chapter 6 of Class 12 Part – 1 Usha Publication 23. (Comprehensive) A , B and C are partners sharing profits in the ratio of 4 : 3 : 1. B retires selling his share of profit to Read More …
Question 22 Chapter 6 of Class 12 Part – 1 Usha Publication 22. (Different Cases of Goodwill) (a) Singh, Khan and Gupta are partners sharing profits and losses in the ratio of 5 : 3 : 2 Singh retires. Goodwill Read More …
Question 21 Chapter 6 of Class 12 Part – 1 Usha Publication 21. (Hidden goodwill) X, Y and Z are partners in 2 : 3 :5 ratio. Z retires. His capital was Rs. 80,000 and profit from revaluation Rs. 60,000. Read More …
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