Webb20 aug. 2024 · X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2 . On 31st March, 2024 after closing the books of account, their Capital Accounts stood at … Webb23 juli 2024 · Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2.On 31st March, 2024 h closing the books of account, their Capital Accounts stood at * 4,80,000 and 6,00,000 respectively ( 1st May, 2024, Simrat introduced an additional capital of 1,20,000 and Bir withdrew * 60,000 from capital.
In the absence of specific provision on the partnership deed
Webb5 aug. 2024 · Azad and Benny are equal partners. Their capitals are Rs. 40,000 and Rs. 80,000, respectively. After the accounts for the year have been prepared it is discovered that interest at 5% p.a. as provided in the partnership agreement, has not been credited to the capital accounts before distribution of profits. WebbPartnership Deed provided to allow interest on capital @ 10% p.a. The firm earned net profit of 2,00,000 for the year ended ... Profit for the year ended 31st March, 2024 amounted to 2,40,000 and the partners' drawings had been: Simrat – 1,20,000 and Bir – 60,000. Compute the interest on capital if the capitals are a fixed, and b ... can b subtilis break down gelatin
Ram, Mohan and Sohan were partners sharing profits in the ratio …
WebbSimrat and Nimrat are partners from 1st April, 2024 without a Partnership Deed and they introduced capital of 1,00,000 and 80,000 respectively. On 1st October, 2024, Simrat … WebbQ. Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 5:3:2. They admitted Hari as a new partner for 1 5th share in the profit which he a acquired from Ram and Mohan in the ratio of 3:2. Calculate, the new … Webb29 juni 2024 · Q.60 Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2024 after closing the books of accounts, their capital … fishing lure clipart black and white