Profit and Loss Short Trick in Hindi for Bank PO, SSC CGL, LDC, KVS, DSSSB, Railway Group D

How To Find Number Of Zeroes | Maths Short Tricks For SSC, IBPS, RAILWAYS, NTPC, SBI PO | हिंदी में

Difference between too and like | Tricks | Government Exams | SSC | IBPS PO | SO | Railways | nda |

How To Compare Radical Numbers | Maths Short Tricks For SSC, IBPS, RAILWAYS, NTPC, SBI PO |हिंदी में

A, AN, THE | Articles | Tricks to learn | Government Exams | SSC | IBPS PO | SO | Railways | nda |

Aman and Harsh were partners in a firm . They decided to dissolve their firm . Pass necessary Journal entries for the following after various assets (other than Cash and Bank) and third party liabilities have been transferred to Realisation Account : (a) There was furniture worth ₹ 50,000 . Aman took over 50% of the furniture at 10% discount and the remaining furniture was sold at 30% profit on book value . (b) Profit and Loss Account was showing a credit balance of ₹ 15,000 on the date of dissolution . (c) Harsh's loan of ₹ 6,000 was discharged at ₹ 6,200 . (d) The firm paid realisation expenses amounting to ₹ 5,000 on behalf of Harsh who had to bear these expenses. (e) There was a bill for ₹ 1,200 under discount . The bill was received from Sohan who proved insolvent and a first and final dividend of 25 % was received from his estate . (f) Creditors , to whom the firm owed ₹ 6,000 , accepted stock of ₹ 5,000 at a discount of 5% and the balance in cash.

A and B are partners in a firm sharing profits and losses in the ratio of 3: 2 . On 31st March , 2019, their Balance Sheet was as follows : The firm was dissolved on 31st March , 2019 , and both the partners agreed to the following : (a) A took investments at an agreed value of ₹ 8,000 . He also agreed to settle Mrs. A's Loan. (b) Other assets realised as : Stock - ₹ 5,000 , Debtors - ₹ 18,500 , Furniture - ₹ 4, 500 , Plant - ₹ 25,000. (c) Expenses of realisation came to ₹ 1,600 . (d) Creditors agreed to accept ₹ 37,000 in full settlement of their claims . Prepare Realisation Account , Partner's Capital Accounts and Bank Account .

A and B are in partnership sharing profits and losses in the proportion of 2/3rd and 1/3rd respectively. Their Balance Sheet as at 31st March, 2019 was: CashRs 1,000, Sundry DebtorsRs 15,000, StockRs 22,000, Plant and MachineryRs 4,000, Sundry CreditorsRs 2,000, Bank OverdraftRs 15,000, B's CapitalRs 10,000. On 1st April, 2019, they admitted C into partnership on the following terms: (a) C to purchase on quarter of the goodwill forRs 3,000 and provideRs 10,000 as Capital, C brings in necessary cash for goodwill and capital. (b) Profits and losses are to be shared in the proportion of one-half to A, one-quarter to B and one quarter to C. (c) Plant and Machinery is to be reduced by 10% andRs 500 are to be provided for estimated Bad Debts Stock is to be taken at a valuation ofRs 24,940. (d) By bringing in or withdrawing cash the capitals of A and B are to be made proportionate to that of C on their profit-sharing basis. Prepare necessary Ledger Accounts in the books of the firm relating to the above arrangement and submit the opening Balance Sheet of the new firm.

Since | For | Tricks | Tense | Grammar | Rules | Government Exams | SSC | IBPS PO | SO | Railways

Srijan , Raman and Manan were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1 . On 31st March , 2017 their Balance Sheet was as follows : On the above date they decided to dissolve the firm . (a) Srijan was appointed to realise the assets and discharge the liabilities . Srijan was to receive 5% commission on sale of assets (except cash ) and was to bear all expenses of realisation. {:(,(b),"Assets were realised as follows",,"₹"),(,,"Plant",,"85,000"),(,,"Stock",,"33,000"),(,,"Debtors",,"47,000"):} (c) Investment were realised at 95 % of the book value. (d) The firm had to pay ₹ 7,500 for an outstanding repair bill not provided for earlier . (e) A contingent liability in respect of bills receivable , discounted with the bank had also materialised and had to be discharged for ₹ 15,000 . (f) Expenses of realisation amounting to ₹ 3,000 were paid by Srijan. Prepare Realisation Account , Partner's Capital Accounts and Bank Account .