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 …
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 …
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