CHSL 2019 Skill Test Date Announced | Admit Card Out | जाने कैसे करे Download

आ गए NEET 2023 Admit Card कैसे करें Download?

A , B and C are partners sharing profits in the ratio of 5 : 3 : 2 . Their Balance Sheet as at 31st March 2019 , the date on which they dissolve the firm , was as follows : Following transactions took place at the time of dissolution : (i) Realisation expenses were to be borne by A for which he is to get a credit of ₹ 10,000 . Actual realisation expenses paid out of firm's Bank Account amounted to ₹ 12 , 000 . (ii) B took stock for ₹ 55,000 and C took over Building for ₹ 4,00,000 . (iii) Other assets realised : Debtors ₹ 48,000 , Furniture ₹17,000 and Machinery ₹ 80,000 . (iv) Trade Creditors were settled in full by paying from ₹ 65,000 . Prepare Realisation Account , Partner's Current Accounts , Capital Accounts and Bank Account.

JEE Main 2020 Admit Card Released | How To Download Admit Card | Latest Update

A and B were partners in a firm sharing profits in 3:1 ratio. They admitted C as a partner for 1/4 th share in future profits. C was to bringRs 60,000 for his capital. The Balance Sheet of A and B as at 1st April, 2019, the date on which C was admitted, was: The other terms agreed upon were: (a) Goodwill of the firm was valued atRs 24,000. (b) Land and Building were valued atRs 65,000 and Plant and Machinery atRs 60,000. (c) Provision for Doubtful Debts was found in excess byRs 400. (d) A liability ofRs 1,200 included in Sundry Creditors was not likely to arise. (e) The capitals of the partners be adjusted on the basis of C's contribution of capital to the firm. (f) Excess or shortfall, if any, be transferred to Current Accounts. Prepare Revaluation Accounts Partners' Capital Accounts and Balance Sheet of the new firm.

X and Y are Partners sharing profits in the ration of 2:1. Their Balance Sheet as at 31st March, 2019 was: They admit Z into partnership on the same date on the following terms: (a) Z brings inRs 40,000 as his capital and he is given 1/4th share in profits. (b) Z brings inRs 15,000 for goodwill, half of which is withdrawn by old partners. (c) Investment are valued atRs 10,000. X takes over Investment at this value. (d) Printer is to be reduced (depreciated) by 20% and Fixed Assets by 10%. (e) An unrecorded stock of Stationery on 31st March, 2019 isRs 1,000. (f) By bringing in or withdrawing cash, the Capitals of X and Y are to be made proportionate to that of Z on their profit-sharing basis. Pass Journal entries, prepare Revaluation Account, Capital Accounts and new Balance Sheet of the firm.

The Balance Sheet of X,Y and Z who share profits and losses in the ratio of 3 : 2 : 1, as on 1st April, 2019 is as follows: On the above date, W is admitted as a partner on the following terms: (a) W will bringRs 50,000 as his capital and get 1/6th share in the profits. (b) He will bring necessary amount for his share of goodwill premium. Goodwill of the firm is valued atRs 90,000. (c) New profit-sharing ratio will be 2:2:1:1. (d) A liability ofRs 7,004 will be created against bills receivable discounted earlier but now dishonoured. (e) The value of stock, furniture and investments is reduced by 20%, whereas the value of Land and Building and Plant and Machinery will be appreciated by 20% and 10% respectively. (f) Capital Accounts of the partners will be adjusted on the basis of W's Capital through their Current Accounts. Prepare Revaluation Account, Partners' Accounts and Capital Accounts.

Star Industries is conducting the following tests to select the most suitable candidate out of the various applicants. Identify the selection test highlighted in each case. (i) This test is conducted to determine actual skills possessed by the condidate. (ii) This test aims to measure the IQ level of the applicant.

A and B are carruying on business in partnership and sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet as at 31st March, 2019 stood as: They admit C into partnership on 1st April, 2019 and give hin 1/8th share in future profits on the following terms: (a) Goodwill of the firm be valued at twice the average of the last three years' profit which amounted to RS.21,000, RS.24,000 and RS.25,560. (b) C is to bring cash for the amount of his share of goodwill. (c) C is to bring cash RS.15,000 as his capital. Pass Journal entries recording these transactions, draw out the Balance Sheet of the new firm and determine new profit-sharing ratio.

A, B and C are partners sharing profits and losses in the ratio of 3 : 2 : 1 respectively. Their Balance Sheet as at 31st March, 2019 is as follows: D is admitted as a partner on 1st April, 2019 for equal share. His capital is to be RS.50,000. Following adjustments are agreed on D's admission: (a) Out of the Creditors, a sum of RS.10,000 is due to D, it wil be adjusted aganist his capital. (b) Advertisement Expenses of RS.1,200 are to be carried forward as Prepaid Expenses. (c) Expenese debited in the Profit and Loos Account includes a sum of RS.2,000 paid for B's personal expenses. (d) A Bill of Exchange of RS.4,000, which was previously discounted with the bank, was dishonoured on 31st March, 2019 but entry was not passed for dishonour. (e) A Provision for Doubtful Debts @5% is to be created against Debtors. (f) Expenses on Revaluation amounted to RS.2,100 is paid by A. Prepare necessary Ledger Accounts and Balance Sheet after D's admission.