A এবং B যৌথভাবে ব্যবসা শুরু করে। A টাকা বিনিয়োগ করে 8 মাসের জন্য 16,000 এবং ব্যবসায় B থেকে যায়...

A and B start a business jointly. A invests Rs. 16,000 for 8 months and remains B in the business for 4 months. Out of total profit, B claims 2/7 of the profit. How much money was contributed by B ?

A sells a car priced at Rs. 36,000. He gives a discount of 8% on the Ist Rs. 20,000 and 5% on the remaining Rs. 16,000. B also sells a car of the same make, priced at Rs. 36,000. He gives a discount of 7% on the total price.Calculate the actual prices charged by A and B for the cars.

Rohit , Kunal and Sarthak are 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 the third party liability have been transferred to Realisation Account : (a) Kunal agreed to pay off his wife's loan of ₹ 6,000 . (b) Total Creditors of the firm were ₹ 40,000 . Creditors worth ₹ 10,000 were given a piece of furniture costing ₹ 8,000 in full and final settlement . Remaining Creditors allowed a discount of 10% . (c) Rohit had given a loan of ₹ 70,000 to the firm which was duly paid. (d) A machine which was not recorded in the books was taken over by Kunal at ₹ 3,000 , whereas its expected value was ₹ 5,000 . (e) The firm had a debit balance of ₹ 15,000 in the Profit and Loss Account on the date of dissolution . (f) Sarthak paid the realisation expenses of ₹ 16,000 out of his private funds , who was to get a remuneration of ₹ 15,000 for completing dissolution process and was responsible to bear all the realisation expenses.

You are required to give (a) Journal Entries, (b) Nature of Account (whether Asset, Liability, Capital, Expense or Revenue), (c) Direction of change (Increase of Decrease), and (d) Appropriate rule for recording the change for the following transactions: Nitin invested Rs. 50,000 cash and Rs. 5,00,000 by cheque to start a business. 2. He deposited Rs. 5,000 out of cash in the bank. 3. Purchased goods for Rs. 5,000 against cash. 4. Pruchased a building and paid Rs. 2,50,000 by cheque. 5. Purchased goods from M/s. Hari & Co. for Rs. 1,00,000 6. Sold goods for cash Rs. 50,000. 7. Sold goods on credit to M/s Ramesh & Co, Rs. 25,000. 8. M/s. Ramesh & Co. returned goods of Rs. 5,000, being defective. 9. Goods returned to M/s. Hari & Co. at cost price, i.e., Rs. 4,000. 10. Paid salary to staff by cheque Rs. 15,000. 11. Paid rent for the residence of Nitin Rs. 10,000 by cheque. 12. Paid electricity charges for the month Rs. 1,000 in cash. 13. Paid telephone charges Rs. 500 in cash. 14. Bought office furniture for Rs. 25,000 against cheque. 15. Paid M/s. Hari & Co. on account Rs. 50,000 by cheque. 16. Received from M/s. Ramesh & Co. Rs. 15,000 by cheque. 17. Paid advance Rs. 20,000 by cheque to M/s. Abhi & Sons. 18. Received advance of Rs. 30,000 by cheque from M/s Ajay & Co. 19. Paid Rs. 1,000 for stationery. 20. Nitin withdrew Rs. 10,000 for household expenses out of cash.

Anil, Bhanu and Chandu were partners in a firm sharing profits in the ratio of 5:3:2. On March 31, 2017, their Balance Sheet was as under: Anil died on October 1, 2017. It was agreed between his executors and the remaining partners that : (a)Goodwill to be valued at 1 2 2 year’s purchase of the average profits of the previous four years which were : Year 2013-14 – Rs.13,000, Year 2014-15 – Rs. 12,000, Year 2015-16 – Rs.20,000, Year 2016-17 – Rs.15,000 (b) Patents be valued at Rs.8,000, Machinery at Rs.28,000, and Building at Rs.25,000. (c) Profit for the year 2017-18 be taken as having accrued at the same rate as that of the previous year. (d) Interest on capital be provided at 10% p.a. (e) Half of the amount due to Anil be paid immediately. Prepare Anil’s Capital Account and Anil’s Executor’s Account as on October 1, 2017.

Pass the necessary Journal entries on the dissolution of a firm in the following cases : (a) Dharam , a partner was appointed to look after the process of dissolution at a remuneration of ₹ 12,000 and he had to bear the dissolution expenses . Dissolution expenses ₹ 11,000 were paid by Dharam . (b) Jay , a partner , was appointed to look after the process of dissolution and was allowed a remuneration of ₹ 15,000 . Jay agreed to bear dissolution expenses . Actual dissolution expenses ₹ 16,000 were paid by Vijay , another partner on behalf of Jay. (c) Deepa , a partner was to look after the process of dissolution and for this work she was allowed a remuneration of ₹ 7,000 . Deepa agreed to bear dissolution expenses . Actual dissolution expenses ₹ 6,000 were paid from the firm's bank account . (d) Dev , a partner agreed to do the work of dissolution for ₹ 7,500 . He took away stock of the same amount as his commission . The stock had already been transferred to Realisation Account . (e) Jeev , a partner , agreed to do the work of dissolution for which he was allowed a commission of ₹ 10,000 . He agreed to bear the dissolution expenses . Actual dissolution expenses paid by Jeev were ₹ 12, 000 . These expenses were paid by Jeev by drawing cash from the firm . (f) A debtor of ₹ 8,000 already transferred to Realisation Account agreed to pay the realisation expenses of ₹ 7,800 in full settlement of his account .