Prem, Kumar and Aarti were partners sharing profits in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2019 was as under:     Balance Sheet of Prem, Kumar and Aarti as at 31st March, 2019 Liabilities   Amount (Rs.) Assets   Amount (Rs.)...

A, B and C were partners in a firm. Their Balance Sheet as at 31st March, 2019 was as follows: Balance Sheet of A, B and C as at 31st March, 2019 Liabilities   Amount (Rs.) Assets   Amount (Rs.) Bill payable 20,000 Bank 20,000 Creditors 40,000 Furniture 28,000 General...

A, B & C were partners in a firm sharing profits & losses in proportion to their fixed capitals. Their Balance Sheet as at March 31, 2017 was as follows: Balance Sheet as at March 31, 2017 Liabilities Amount (Rs.) Assets Amount (Rs.) Capitals:   Bank 21,000 A     ...

Ativ, Meha and Nupur were partners sharing profits and losses in the ratio of 5 : 3 : 2. On 31-3-2016, their Balance Sheet was as under: Liabilities Amount (Rs.) Assets Amount (Rs.) Trade creditors 26,500 Bank 25,000 Employees’ Provident Fund 23,500 Debtors 30,000 Ativ’s capital 1,00,000 Stock 55,000 Meha’s...

Kanika, Disha and Kabir were partners sharing profits in the ratio of 2 : 1 : 1. On 31-3-2016, their Balance Sheet was as under : Liabilities Amount (Rs.) Assets Amount (Rs.) Trade creditors 53,000 Bank 60,000 Employees’ Provident Fund 47,000 Debtors 60,000 Kanika’s capital 2,00,000 Stock 1,00,000 Disha’s capital...

Anita, Gaurav and Sonu were partners in a firm sharing profits and losses in proportion to their capitals. Their Balance Sheet as at 31st March, 2019 was as follows:   Balance Sheet of Anita, Gaurav and Sonu as at 31st March, 2019  Liabilities  Amount (Rs.)  Assets  Amount (Rs.)  Capitals :  Land and Building   5,00,000  Anita 2,00,000  Investments   1,20,000  Gaurav...

Gita, Radha and Garv were partners in a firm sharing profits and losses in the ratio of 3:5:2. On 31st March, 2019, their balance sheet was as follows : Balance Sheet of Gita, Radha & Garv as on 31st March, 2019 Liabilities   Amount (Rs.) Assets   Amount (Rs.) Sundry...

Lisa, Monika and Nisha were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. On 31st March, 2019, their Balance Sheet was as follows: Balance Sheet of Lisa, Monika and Nisha as at 31st March, 2019 Liabilities Amount (Rs.) Assets Amount (Rs.)...

Akul, Bakul and Chandan were partners in a firm sharing profits in the ratio of 2 : 2 : 1. On 31st March, 2018 their Balance Sheet was as follows : Balance Sheet of Akul, Bakul and Chandan as on 31-3-2018 Liabilities   Amount (Rs. ) Assets   Amount (Rs....

Mohan, Vinay and Nitya were partners in a firm sharing profits and losses in the proportion of ½, 1/3 and 1/6 respectively. On 31st March, 2018, their Balance Sheet was as follows: Balance Sheet of Mohan, Vinay and Nitya as at 31st March, 2018 Liabilities Amount (Rs.) Assets Amount (Rs.)...

G, E and F were partners in a firm sharing profits in the ratio of 7 : 2 : 1. The Balance Sheet of the firm as at 31st March, 2018, was as follows: Balance Sheet of G, E and F as at 31st March, 2018 Liabilities Amount (Rs.) Assets...

N, S and B were partners in a firm sharing profits and losses in proportion of ½, 1/6, and 1/3 respectively. The Balance Sheet of the firm as at 31st March, 2017 was as follows: Balance Sheet of N, S and B as at 31.3.2017 Liabilities Amount (Rs.) Assets Amount...

Chintan, Ayush and Sudha were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. On 31st March, 2019, their Balance Sheet was as follows: Balance Sheet of Chintan, Ayush and Sudha as at 31st March, 2019 Liabilities Amount ₹ Assets Amount ₹...

Krish, Vrish and Peter are partners sharing profits in the ratio of 3:2:1. Vrish retired from the firm. On that date the Balance Sheet of the firm was as follows: Balance Sheet as on March 31, 2020 Liabilities Amount (₹) Assets Amount (₹) Creditors General Reserve Bills Payable Outstanding Salary...

X, Y and Z were partners in a firm sharing profits and losses in the ratio of 5:3:2. Their Balance Sheet as at 31st March, 2020 was as follows: Balance Sheet of X, Y and Z as at 31st March, 2020 Liabilities Amount ₹ Assets Amount ₹ Creditors 66,500 Land...

Anita, Geeta and Sita were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their Balance Sheet as at 31st March, 2022 was as follow: Balance Sheet of Anita, Geeta and Sita as at 31st March, 2022 Liabilities Amount ₹ Assets Amount...

Anna, Bina and Teena were partners sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet on 31st March, 2022 was as follows: Balance Sheet of Anna, Bina and Teena as at 31st March, 2022 Liabilities Amount ₹ Assets Amount ₹ Creditors 66,000 Furniture...

Tarun, Abhishek, Kamal and Vivek were partners in a firm sharing profits in the ratio of 5:3:2:2. Kamal retired on 31st March, 2022. Tarun, Abhishek and Vivek decided to share future profits equally. On Kaal’s retirement goodwill of the firm was valued at ₹9,00,000. Showing your working clearly, pass the...

Kamal, Rahul and Neeraj were partners in a firm sharing profits and losses in the ratio of 5:3:2. On 31st March, 2022, their Balance Sheet was as under: Balance Sheet of Kamal, Rahul and Neeraj as on 31t March, 2022 Liabilities Amount ₹ Assets Amount ₹ Capitals: Land and Buildings...

B, P and T were partners in a firm sharing profits and losses in the ratio of 5:3:2. On 31.03.2022, their Balance Sheet was as follows: Balance Sheet of B, P and T as at 31st March, 2022 Liabilities Amount ₹ Assets Amount ₹ Creditors 1,40,000 Bank 1,44,000 General Reserve...

Anshul, Babita and Chander were partners in a firm running a successful business of car accessories. They had agreed to share profits and losses in the ratio of 1/2 : 1/3 : 1/6 respectively. After running business successfully and without any disputes for 10 years, Babita decided to retire due...

L, M and N were partners in a firm sharing profit & losses in the ratio of 2:2:3. On 31st March 2023, their Balance Sheet was as follows: Liabilities Amount ₹ Assets Amount ₹ Creditors 80,000 Land and Building 5,00,000 Bank overdraft 22,000 Machinery 2,50,000 Long term debts 2,00,000 Furniture...

Gini, Bini and Mini were in partnership sharing profits and losses in the ratio of 5:2:2. Their Balance Sheet as at 31st March, 2021 was as follows: Balance Sheet as at 31st March,2021 Liabilities Amount (₹) Assets Amount (₹) Sundry Creditors Bank Overdraft Workmen’s Compensation Reserve Capitals: Gini 4,60,000 Bini...

Heena, Meena and Tina are partners in a firm sharing profits and losses equally. Their Balance Sheet on April 1st, 2020 was as follows: Balance Sheet of Heena, Meena & Tina as on 1st April, 2020 Liabilities Amount ₹ Assets Amount ₹ Bills Payable 12,000 Building 40,000 Sundry Creditors 18,000...

Vidit, Vinay and Siya were partners in a firm. On 31st March,2021, their Balance Sheet was as follows: Balance Sheet of Vidit, Vinay and Siya as at 31st March, 2021 Liabilities Amount ₹ Assets Amount ₹ Creditors 72,000 Cash 28,000 Bank’s Loan 18,000 Stock 46,000 General Reserve 18,000 Debtors 34,000...

D, E and F were partners in a firm sharing profits in the ratio of 5:2:3. On 31.3.2022 their balance sheet was as follows Balance Sheet of D, E and F as on 31.3.2022 Liabilities Amount ₹ Assets Amount ₹ Creditors 53,000 Cash 16,000 Bills Payable 62,000 Bank 17,000 General...

X, Y and Z were partners in a firm sharing profits and losses in the ratio of 3 : 3 : 4. On 31st March, 2022 their Balance Sheet was as follows: Balance Sheet of X, Y and Z as at 31st March, 2022 Liabilities Amount (₹) Assets Amount (₹)...

Anu, Bhanu and Charu were partners in in a firm sharing profits in the ratio of 2:2:1. Anu decided to retire from the firm on 31st March, 2021. The balance sheet of the firm on that date was as follows: Balance Sheet of Anu, Bhamu and Charu as on 31st...

Ravi, Mohan and Pandey were partners in a firm sharing profits and losses in the ratio of 7 : 8 : 9. On 31st March, 2022, their Balance Sheet was as follows: Balance Sheet of Ravi, Mohan and Pandey as at 31st March, 2022 Liabilities Amount ₹ Assets Amount ₹...

Reyansh, Aayushman and Sabhya were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2. Their Balance Sheet as at 31st March, 2022 was as under: Balance Sheet of Reyansh, Aayushman and Sabhya as at 31st March, 2022 Liabilities Amount ₹ Assets Amount...