Past Year Papers Chapter wise Solutions

Retirement

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.)...

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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...

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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     ...

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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...

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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...

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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...

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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...

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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.)...

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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....

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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.)...

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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...

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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...

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