WebA and B are partners sharing profits in the ratio of 3:2 . C is admitted as a partner. The new profit sharing ratio among, A B and C is 4:3:2. Find out the sacrificing ratio. Solution: Question 12. A, B, C and D are in partnership sharing profits and losses in the ratio 36:24:20:20 respectively. WebAAA and BBB are partners who share profits and losses on the ratio of 6:4, respectively. On May 1, 2009, their respective capital accounts were as follows: AAA P 60, BBB 50, On the date, CCC was admitted as a partner with one-third interest in capital and profits for an investment of P40,000. The new partnership began with total capital of P150 ...
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WebQ.5 E, F, and G were partners sharing profits in the ratio 2:2:1. ‘F’ died on 12 th June, 2016. For F’s share in the profits of Current Year 2016-17, the profits should be taken to have accrued on the same scale as in the last year i.e. 2015-16 which was `1,00,000 and an addition of 10% over it will be made. WebMar 31, 2024 · E, F and G were partners in a firm sharing profits in the ratio of 2 : 2 : 1. On March 31, 2024, their firm was dissolved. On the date of dissolution, the Balance Sheet of the firm was as follows: Balance Sheet …
WebAug 10, 2024 · A and B were partners in a firm sharing profits and losses in the ratio of 3: 2. They admitted C as new partner for 3/7th share asked Aug 10, 2024 in Accounts by Sakil Alam ( 64.3k points) WebG', 'E' and 'F' Were Partners in a Firm Sharing Profits in the Ratio of 7 : 2 : 1. the Balance Sheet of the Firm as on 31st March, 2011 Was as Follows:
WebA and B were partners in a firm sharing profits and losses in the ratio of 3: 2. They admitted C as a new partner for 3 / 7 t h share in the profit and new profit sharing ratio will be 2: 2: 3. C brought R s. 2, 0 0, 0 0 0 as his capital and R s. 1, 5 0, 0 0 0 as premium for goodwill. Half of their share of premium was withdrawn by A and B from ...
WebE f and g are partners … CBSE, JEE, NEET, CUET Question Bank, Mock Tests, Exam Papers NCERT Solutions, Sample Papers, Notes, Videos Install Now E f and g are …
WebC,D and E were partners of a firm sharing profit and losses in the ratio of 7:6:5 D wished to retire and they decided to revalue the assets and liabilities as given below (i) To bring … thai restaurant in berwickWebPartners E, F, and G who share profits and losses in the ratio of 2: 2: 1, respectively decided to liquidate. The condensed statement of financial position immediately prior to the liquidation shows the following: Cash P 400,000 Non-cash Assets 1,600,000 Liabilities 560,000 E, Loan 40,000 E, Capital 180,000 F, Capital 420,000 G, Capital 800,000 ... thai restaurant in beverly farmsWebPartners D, E, F, and G share profits 40%, 30%, 15%, and 15%, respectively. Their partnership agreement provides that in the event of the death of a partner, the firm shall continue until the end of the fiscal period. Profits shall be considered to have been earned proportionately during this period, and the deceased partner's capital shall be ... thai restaurant in beverly maWebSep 6, 2024 · (iv) Moli is entitled to a fixed commission of \( ₹ 17,500 \). (v) Interest on [email protected] \% p.a. and Interest on [email protected] \% p.a. (vi) Sharing of profit or loss will be in the ratio of their capital contributions. Profit for the year ended 31st March, 2024 before providing rent to Roli thai restaurant in beverleyWebD, E, F, and G share profits 50%, 30%, 10%, and 10% respectively, Account maintained with partners just prior to liquidation follow: At this point, cash of $18,000 is available for distribution to the partners. Prepare the entry to record the distribution of cash, together with calculations support of the distribution. thai restaurant in beverly hillsWebNov 2, 2024 · E, F and G are partners sharing profits in the ratio of 3:3:2. As per the partnership agreement, G is to get a minimum amount of Rs.80,000 as his share of profits every year and any deficiency on this account is to be personally borne by E. The net profit for the year ended 31st March, 2024 amounted to Rs.3,12,000. thai restaurant in berkeleyWebSep 12, 2024 · E, F and G are partners sharing profits and losses in the ratio 3:3:2. G is guaranteed a minimum of Rs 80,000. Any deficiency arising in G's share is to be borne by E. The profit for the year was Rs 3,12,000. To find: The … thai restaurant in beverly farms ma