Naveen, Kavita and Vishesh were partners in a firm sharing profits and losses in the ratio of 5 : 4 : 1. Their Balance Sheet as at 31st March, 2019 was as follows: Balance Sheet of Naveen, Kavita and Vishesh as at 31st March, 2019 Liabilities Amount (Rs.) Assets Amount (Rs.) Capitals : … Read more
Farhan, Hina and Dolly are partners in a firm sharing profits in the ratio of 5 : 3 : 2. On 1st April, 2016 the capitals of the partners were : Rs. 5,00,000; Rs. 3,00,000 and Rs. 2,00,000 respectively. The firm closes its books on 31st March every year. Dolly died on 5th April, 2016. … Read more
Anuj, Manoj and Disha were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 1st April, 2016, the capitals of the partners were : Rs. 3,00,000; Rs. 2,00,000 and Rs. 1,00,000 respectively. The firm closes its books on 31st March every year. Disha died on 1st … Read more
P, Q and R were partners sharing profits in the ratio of 2 : 2 : 1. The firm closes its books on March 31 every year. On June 30, 2017, R died. The following information is provided on R’s death: (i) Balance in his capital account in the beginning of the year was Rs. … Read more