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Recent questions tagged admission of partner
+3
votes
1
answer
Give Journal entries to record the following arrangements in the books of the firm:
asked
Apr 4, 2019
in
Class 12
by
kratos
bill of exchange
dissolution of partnership firm
admission of partner
class-12
reconstitution of partnership
+3
votes
1
answer
Name any TWO Methods of Calculating Goodwill.
asked
Apr 3, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
national income accounting
admission of partner
class-12
reconstitution of partnership
admission of a partner
+2
votes
0
answers
Arti and Bharti are partners in a firm sharing profits in 3:2 ratio, They admitted Sarthi for 1/4 share in the profits of the firm.
asked
Apr 2, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+1
vote
1
answer
A and B are in partnership sharing profits and losses in the proportion of 2/3rd and 1/3rd respectively.
asked
Mar 28, 2019
in
Class 12
by
kratos
class-12
admission of partner
+2
votes
1
answer
X and Y are partners with capital of Rs.50,000 each. They admit Z as a partner with 1/4th share in the profits of the firm.
asked
Mar 27, 2019
in
Class 12
by
kratos
class-12
admission of partner
+3
votes
1
answer
What journal entries will be passed when the new partner is unable to bring his share of goodwill in cash?
asked
Mar 24, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
admission of partner
class-12
reconstitution of partnership
admission of a partner
+2
votes
1
answer
x, y and z are partners sharing profit equally. On z’* retirement his share is acquired by x and y int he ratio of 3:2.
asked
Mar 24, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
admission of partner
class-12
reconstitution of partnership
admission of a partner
+1
vote
1
answer
A business has earned average profits of Rs. 1,00,000 during the last few years. Find out the value of goodwill by capitalisation method,
asked
Mar 23, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
nature and valuation
admission of partner
goodwill
class-12
+2
votes
1
answer
Himanshu, Gagan and Naman are partners sharing profits and losses in the ratio of 3 : 2 :1 On March 31, 2007
asked
Mar 21, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
retirement
class-12
admission of partner
reconstitution of partnership
+1
vote
1
answer
E and F were partners in a firm sharing profits in the ratio of 3:1. They admitted G as a new partner on 1st March, 2015 for 1/3rd share.
asked
Mar 17, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+1
vote
1
answer
What is sacrificing ratio? Why is it calculated?
asked
Mar 17, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+1
vote
0
answers
Roopa partners in a firm sharing profits and losses in the ratio of 3:2:1. * is admitted as a new partner for,
asked
Mar 17, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+1
vote
1
answer
A and B are partners in a firm sharing profits in the ratio of 3 : 2. They admit C as a partner on 1st April,
asked
Mar 16, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+1
vote
1
answer
X and Y are partners in a firm sharing profits and losses in 4 : 3 ratio. They admitted’ Z for 1/8 share.
asked
Mar 14, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+3
votes
1
answer
Mohan and Sohan are in partnership sharing profits in the proportion of 3/5th and 2/5th respectively.
asked
Mar 10, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+3
votes
1
answer
Following is the Balance Sheet of the firm, Ashirvad, owned by A, B and C who share profits and losses of the business in the ratio of 3 : 2 : 1.
asked
Mar 9, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+3
votes
1
answer
Ashish and Dutta were partners in a firm sharing profits in 3:2 ratio. On Jan. 01, 2007 the admitted Vimal for 1/5 share in the profits.
asked
Mar 7, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
admission of partner
+1
vote
1
answer
Azad, Vijay and Amit are partners sharing profits and losses in the proportion of 1/4,1/8,10/16
asked
Mar 7, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
retirement
admission of partner
class-12
+3
votes
1
answer
Rahul, Robin and Rajesh are partners sharing profits in the ratio of 3 : 2 : 1. Calculate the new profit sharing ratio of the remaining partners if
asked
Mar 6, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
retirement
admission of partner
class-12
+2
votes
1
answer
Give TWO Effects of Admission of a New Partner.
asked
Mar 4, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
reconstitution of partnership
admission of partner
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