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Recent questions tagged admission of a new partner
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vote
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A and B are partners in a firm, sharing profits in the ratio of 3 : 2. C is admitted for 1/5th share in profits
asked
Apr 6, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+3
votes
1
answer
A and B are partners in a firm, sharing profits. They admitted C and D for 1/5th and 1/6th shares in profits respectively.
asked
Apr 1, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+2
votes
0
answers
Capital of the firm is Rs 2,00,000. Normal rate of return is 10% and average profit of the firm is Rs 30,000.
asked
Apr 1, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+3
votes
0
answers
A partnership firm earned net profits during the last five years as follows: 1st year Rs 45,000 2nd year Rs 50,000
asked
Mar 26, 2019
in
Class 12
by
kratos
goodwill in partnership accounts
class-12
admission of a new partner
+1
vote
1
answer
Nature of revaluation account is : (a) personal Account (b) nominal account (c) real account
asked
Mar 20, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+2
votes
1
answer
A and B are equal partners with the capital of Rs 16,000 and Rs 12,000. C a new partner comes in for 1/4 share
asked
Mar 14, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+1
vote
1
answer
Goodwill of the firm is valued at three years purchase of average profits of last five years.
asked
Mar 12, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+1
vote
0
answers
A and B are partners in a firm sharing profits in the ratio of 3 : 2. They admitted C as a new partner for 1/5th
asked
Mar 7, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+1
vote
1
answer
Shikhar and Rohit were partners in a firm sharing profits int he ratio of 7 : 3. On 1st April, 2013,
asked
Mar 1, 2019
in
Class 12
by
kratos
admission of a new partner
class-12
admission of partner
+2
votes
1
answer
Super profit is : (a) Normal Profit – Average Profit (b) Average Profit – Normal Profit
asked
Mar 1, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+2
votes
1
answer
Suresh, Ramesh and Mahesh share profits in the ratio of 3 : 2 : 1 respectively.
asked
Feb 19, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+3
votes
1
answer
Why profit and loss adjustment account or revaluation account is prepared?
asked
Feb 13, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+2
votes
1
answer
Purchase consideration of a business is determined at Rs 3,50,000. Assets were Rs 4,00,000
asked
Feb 11, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+3
votes
1
answer
A and B shares the profits of a business in the ratio of 5 : 3. They admitted C into the firm for 1/4th share
asked
Feb 3, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+2
votes
1
answer
Goodwill of the firm is valued at two years purchase of the average profit of last four years.
asked
Jan 29, 2019
in
Class 12
by
kratos
goodwill in partnership accounts
admission of a new partner
nature and valuation
goodwill
class-12
+3
votes
1
answer
The following is the balance sheet of A and B, who are sharing profit in the proportion of 3 : 1 on 31st March, 2017.
asked
Jan 25, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+2
votes
1
answer
A, B and C are partners in a firm, sharing profits in the ratio of 5 : 3 : 2. D is admitted for 2/10 share in profits of the firm.
asked
Jan 22, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+2
votes
1
answer
A, B and C are partners in a firm sharing profits in the ratio of 3 : 2 : 1. They admitted D as a new partner for 1/7th
asked
Jan 21, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+3
votes
0
answers
Average profit = Rs 40,000, Capital employed = Rs 2,00,000 Normal rate of return = 10%,
asked
Jan 19, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
+3
votes
1
answer
State the treatment of goodwill at the time of admission of a new partner as per Accounting Indian AS-26/Indian AS-38.
asked
Jan 8, 2019
in
Class 12
by
kratos
class-12
admission of a new partner
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