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Sara, Tara and Zara are partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1. They decide to take Dara into partnership from 1st April, 2019 for 1/4th share in the profits. For this purpose, goodwill is to be valued at twice the average annual profit of the previous three or four years, whichever is higher. The annual profits for the purpose of goodwill for the past four years were: {:("Year Ended",,"Rs."),("31st March, 2019",," 48,000,"),("31st March, 2018",," 30,000,"),("31st March, 2017",," 31,200,"),("31st March, 2016",," 42,000".):} Calculate value of goodwill.

Annu, Baby and Chetan are partners in a firm sharing profits and losses equally. They decide to take Deep into partnership from 1st April, 2019 for 1/5th share in the future profits. For This purpose, goodwill is to be valued at 100% of the average annual profits of the previous three or four years, whichever is higher. The anual profits for the purpose of goodwill for the past four years were: {:("Year Ended",,"Profits (Rs.)"),("31st March, 2019",,"2,88,000,"),("31st March, 2018",,"1,81,800,"),("31st March, 2017",,"1,87,200,"),("31st March, 2016",,"2,53,200".):} Calculate the value of goodwill.

A Van was purchased on 1st April, 2016 for Rs 60,000 and Rs 5,000 was spent on its repair and registration. On 1st October, 2017 another van was purchased for Rs 70,000. On 1st April, 2018, the first van purchased on 1st April, 2016 was sold for Rs 45,000 and a new van costing Rs 1,70,000 was purchased on the same date. Show the Van Account from 2016-17 to 2018-19 on the basis of Straight Line Method, if the rate of Depreciation charged is 10% p.a. Assume that books are closed on 31st March every year.

Following balances appear in the books of Dinesh, as on 1st April, 2018: {:("Machinery Account", " Rs 8,00,000,"):} {:("Provision for Depreciation Account", " Rs 3,10,000."):} On 1st July, 2018, a machinery which was purchased on 1st April, 2015 for Rs 1,20,000 was sold for Rs 50,000 plus CGST and SGST "@ " 6% each and on the same date another machinery was purchased for Rs 32,000 plus CGST and SGST "@ "6% each. The firm charges depreciation "@ " 15% p.a. On Original Cost Method and closes its books on 31st March every year. Prepare Machinery Account and Provision for Depreciation Account for the year 2018-19. Also, pass Journal entry for the sale of machinery.

On 1st April 2010m Sahil and Charu entered into partnership for sharing profit in the ratio of 4:3. They admitted Tanu as a new partner on 1st April, 2012 of 1/5th share which she acquired equally from Sahil and Charum Charu and Tanu earned profits at a higher rate than the normal rate of return for the year ended 31st March, 2013. Therefore, they decided to expand their business. To meet the requirments of additonal capital, they admitted Puneet as a new partner on 1st April, 2013 for 1/7th share in profit which he acquried from Sahil and Charu in 7 : 3 ratio. Calculate: (i) New profit-sharing ration of Sahil, Charu and Tanu for the year 2012 13 (ii) New profit-sharing ratio of Sahil, Chaur, Tanu and Puneet on Puneet's admission.

If 19th May 2012 was a Saturday, what day was 1st April 2014?

A and B were partners in a firm sharing profit or loss equally. With effect from 1st April , 2019 they agreed to share profits or losses eqully. Due to change in profit sharing ratio, A's gain or sacriffice will be :