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Recent questions tagged reconstitution of partnership
+1
vote
1
answer
State the Rules of Debit and Credit of Assets Account.
asked
Apr 7, 2019
in
Class 12
by
kratos
dissolution of partnership firm
class-11
recording of transactions
accounting for partnership firms
class-12
reconstitution of partnership
+3
votes
1
answer
A and B were partners in a firm sharing profits and losses equally. Their firm was dissolved on 15^th March, 2004,
asked
Apr 5, 2019
in
Class 12
by
kratos
dissolution of partnership firm
class-12
reconstitution of partnership
admission of a 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
+2
votes
1
answer
In case of dissolution of a firm, which liabilities are to be paid first ?
asked
Apr 4, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
+2
votes
1
answer
Himanshu, Gagan and Naman are partners sharing profits and losses in the ratio of 3 : 2 : 1. On March 31, 2017, Naman retires.
asked
Apr 3, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
retirement
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
+1
vote
1
answer
The net amount due to retiring partner will be paid as per the terms of the agreement between the partners.
asked
Apr 2, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
retirement of a partner
+1
vote
1
answer
Distinguish between firm’* debts and partner’* private debts.
asked
Mar 31, 2019
in
Class 12
by
kratos
dissolution of partnership
dissolution of partnership firm
class-12
reconstitution of partnership
+2
votes
1
answer
The increase in the value of assets or decrease in the value of liabilities will be credited to _________account.
asked
Mar 28, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+3
votes
1
answer
Is the date of voluntary retirement treated as duty?
asked
Mar 26, 2019
in
Class 12
by
kratos
isc
reconstitution of partnership firm
icse
class-12
reconstitution of partnership
reconstitution of a partnership firm
+2
votes
1
answer
Realisation account and revaluation account do not serve the same purpose.
asked
Mar 25, 2019
in
Class 12
by
kratos
dissolution of partnership firm
class-12
reconstitution of partnership
+3
votes
1
answer
The executors will be paid interest on the amount due from the date of partner
asked
Mar 25, 2019
in
Class 12
by
kratos
reconstitution of a partnership firm
class-12
reconstitution of partnership
retirement of a partner
+1
vote
1
answer
From the following information prepare the necessary adjustment accounts as they would appear in the General Ledger of Vatika Ltd.
asked
Mar 25, 2019
in
Class 12
by
kratos
reconstitution of partnership
dissolution of partnership firm
class-12
partnership final accounts
+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
+1
vote
1
answer
For payment of partner’* loan.
asked
Mar 24, 2019
in
Class 12
by
kratos
dissolution of partnership firm
class-12
reconstitution of partnership
+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
+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
At the time of admission of a new partner, workmen’* compensation reserve in appearing in the Balance sheet as Rs 1,000.
asked
Mar 20, 2019
in
Class 12
by
kratos
class-12
reconstitution of partnership
admission of a partner
+1
vote
1
answer
Rita chowdhary and Miss Sobha are partners in a firm, Fancy Garments Exports, sharing profits and losses equally.
asked
Mar 20, 2019
in
Class 12
by
kratos
dissolution of partnership firm
class-12
reconstitution of partnership
+3
votes
1
answer
What is Goodwill ? Mention FOUR Factors, Affecting the Goodwill of a Firm. Mention THREE Conditions,
asked
Mar 20, 2019
in
Class 12
by
kratos
reconstitution of partnership firm
class-12
reconstitution of partnership
admission of a partner
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