Author: Amanpreet Kaur Bharaj

Advertisement Question 08 Chapter 7 – Class 12 Part 1 Unimax 8. Pass the necessary Journal entries: The solution of Question 08 Chapter 7 – Class 12 Part 1 Unimax: – Journal Entries End of Solution Check Out the Solution Read More …

Advertisement Question 51 Chapter 6 – Class 12 Part 1 Unimax 51. The following is the balance sheet of Ram, Mohan and Sohan as on 31st December, 2016: Liabilities Amount Assets Amount S. Creditors 10,000 Tools 3,000 Res. Fund 7,500 Read More …

Advertisement Question 50 Chapter 6 – Class 12 Part 1 Unimax 50. A, B ,C, D and E were partners sharing profits and losses in the ratio of 5:4:3:2:1. respectively. Partners D and E died in and accident. Goodwill of Read More …

Advertisement Question 49 Chapter 6 – Class 12 Part 1 Unimax 49. X, Y and Z were partners in a firm sharing profits in the ratio of 3:2:1. The firm closes it’s a/cs on 31st March every year. X died Read More …

Advertisement Question 48 Chapter 6 – Class 12 Part 1 Unimax 48. P, Q and R were partners sharing profits in the ratio of 3:1:1. The balance sheet of the firm is given below as at 31st March 2021: Liabilities Read More …

Advertisement Question 47 Chapter 6 – Class 12 Part 1 Unimax 47. A, B and C were partners sharing profits and losses in the ratio of 5:3:2 respectively. On 31st March 2021 their balance sheet was as under: Liabilities Amount Read More …

Advertisement Question 46 Chapter 6 – Class 12 Part 1 Unimax 46. A, B and C were partners in a firm sharing profits in the ratio of 3:2:1. The balance sheet as on 31st March, 2021 was as follows: Liabilities Read More …

Advertisement Question 45 Chapter 6 – Class 12 Part 1 Unimax 45. X, Y and Z were partners sharing profits in the ratio of 5:3:2. On 31st December, 2017 their balance sheet stood as under: Liabilities   Amount Assets Amount Read More …

Advertisement Question 43 Chapter 6 – Class 12 Part 1 Unimax 43. Following is the balance sheet of Tony, Sony and Romy as on 31st March 2021. Liabilities Amount Assets Amount S. Creditors 18,000 Bills receivable 16,000 Gen. Reserve 14,000 Read More …

Advertisement Question 42 Chapter 6 – Class 12 Part 1 Unimax 42. Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 2:2:1 on 28th February, 2021 Mohan died and the net profit sharing ratio of Read More …

Advertisement Question 36 Chapter 6 – Class 12 Part 1 Unimax 36. Akash and Badal are partners sharing profits and losses equally  on 30th june2021 their balance sheet was as under: Liabilities Amount Assets Amount Trade creditors 10,500 Building 4,500 Read More …

Advertisement Question 41 Chapter 6 – Class 12 Part 1 Unimax 41. X, Y and Z were partners in a firm sharing profits in the ratio of 5:3:2. On 15th February, 2021 X died and the new profit sharing ratio Read More …

Advertisement Question 40 Chapter 6 – Class 12 Part 1 Unimax 40. The balance sheet of X, Y and Z who were sharing their profits in proportion to their capital stood as follows on 31st December 2021: Liabilities Amount Assets Read More …

Advertisement Question 39 Chapter 6 – Class 12 Part 1 Unimax 39. Lal, Bal and Pal were partners, sharing profitsin the ratio of 2:2:1 respectively. Their summarized balance sheet was as follows:  Liabilities Amount Assets Amount Capital a/c Goodwill 40,000 Read More …

Advertisement Question 37 Chapter 6 – Class 12 Part 1 Unimax 37. The balance sheet of Authur, Baldwin and Curtis who were sharing profits in proportion to their capitals stood as follows on 31 December 2021. Liabilities Amount Assets Amount Read More …

Advertisement Question 35 Chapter 6 – Class 12 Part 1 Unimax 35. The balance sheet of X, Y and Z who are sharing profits in proportion to their capital stood as follows on 31st December 2021. Liabilities Amount Assets Amount Read More …

Advertisement Question 33 Chapter 6 – Class 12 Part 1 Unimax 33. A, B and C are partners in a firm whose balance sheet as on 31st December 2021 was as follows: Liabilities Amount Assets Amount Creditors 7,000 Cash at Read More …

Advertisement Question 34 Chapter 6 – Class 12 Part 1 Unimax 34. A, B and C are partners in a firm sharing profits and losses in the ratio of 3:2:1. Their balance sheet as on 31st March is as under: Read More …

Advertisement Question 32 Chapter 6 – Class 12 Part 1 Unimax 32. A, B and C distribute profits in the ratio of their capitals. B retires on 31st December 2021 prepare a journal and new balance sheet transferring the amount Read More …

Advertisement Question 30 Chapter 6 – Class 12 Part 1 Unimax 30. P, Q and R were in partnership sharing profits and losses in the ratio of 3:2:1. The draft balance sheet as on 31st March 2021 was as follows: Read More …

Advertisement Question 29 Chapter 6 – Class 12 Part 1 Unimax 29. Sun, moon and star are partners sharing profits and losses in the ratio of 4:2:1. Their sheet as on 31st December, 2021 was as follows: Liabilities Amount Assets Read More …

Advertisement Question 28 Chapter 6 – Class 12 Part 1 Unimax R, S and Pare partners with capitals ₹50000; ₹30000; and ₹20000 respectively. They share profits in the ratio of 5:3:2. As from. 1st April 2021 S retires and following Read More …

Advertisement Question 27 Chapter 6 – Class 12 Part 1 Unimax 27. A, B and C are equal partners in a firm. B retirement his claim including his capital and his share of goodwill is ₹40000. He is paid in Read More …

Advertisement Question 26 Chapter 6 – Class 12 Part 1 Unimax P,Q and R were partners in a firm sharing profits in the ratio of 2:3:5 on 31 March 2021, Balance sheet was as follows: Liabilities   Amount Assets   Read More …

Advertisement Question 25 Chapter 6 – Class 12 Part 1 Unimax 25. The balance sheet of J, K and L, who were sharing profits in the ratio of 5 : 3 : 2 is given below : Liabilities Amount Assets Read More …

Advertisement Question 24 Chapter 6 – Class 12 Part 1 Unimax 24. A, B and C carry on business sharing profits and losses in proportions 1/2, 1/3 and 1/6 respectively. The Balance Sheet of the firm as on 31st March, Read More …

Advertisement Question 23 Chapter 6 – Class 12 Part 1 Unimax 23. A, B and C are partners, sharing profits and losses in the proportion of 1/2 : 1/3 and 1/6 respectively. The firm’s balance sheet on March 31, 2021 Read More …

Advertisement Question 21 Chapter 6 – Class 12 Part 1 Unimax 21. X, Y and Z were partners sharing profits and losses in the ratio 4 : 3 : 3 respectively. Their balance Sheet as on 31st December, 2021 was Read More …

Advertisement Question 31 Chapter 6 – Class 12 Part 1 Unimax 31. P, Q and R are partners sharing profits in the proportion of one-half, one-third, and one sixth respectively. The firm’s balance sheet as on 31st December 2021 stood Read More …

Advertisement Question 22 Chapter 6 – Class 12 Part 1 Unimax 22. A, B and C are carrying on business in partnership sharing profits and losses in the ratio of 3 : 2 : 1 respectively. On 31st December, 2021, Read More …

Advertisement Question 20 Chapter 6 – Class 12 Part 1 Unimax 20. N, B and S are partners in a business sharing profits in the ratio of 1/2 : 1/3 : 1/6. Their Balance Sheet as on 31st December, 2020 Read More …

Advertisement Question 19 Chapter 6 – Class 12 Part 1 Unimax 19. A, B and C are partners sharing profits as 20%, 30% and 50%. A decided to retire with the consent of other partners and sold his share to Read More …

Advertisement Question 18 Chapter 6 – Class 12 Part 1 Unimax 18. B retires from the firm of A, B and C sharing profits in the ratio of 3 : 2 : 1. For the purpose of B’s retirement goodwill Read More …

Advertisement Question 17 Chapter 6 – Class 12 Part 1 Unimax 17. L, M and N are equal partners. N retires and surrenders 3/5th of his share in favour of L and 2/5th of his share in favour of M. Read More …

Advertisement Question 16 Chapter 6 – Class 12 Part 1 Unimax 16. E, F, G and H are partners sharing profits in 5 : 3 : 1 : 2. Calculate the new profit sharing ratio if F and G retire Read More …

Advertisement Question 15 Chapter 6 – Class 12 Part 1 Unimax 15. X, Y and Z were partners in a firm sharing profits in the ratio of 3 : 2 : 1. Z retired and the new profit sharing ratio Read More …

Advertisement Question 14 Chapter 6 – Class 12 Part 1 Unimax 14. X, Y and Z are partners sharing profits and losses in the ratio of 3 : 2 : 1. Y retires selling his share of Goodwill to X Read More …

Advertisement Question 13 Chapter 6 – Class 12 Part 1 Unimax 13. A, B, C and D are partners sharing profits and losses in 1 : 4 : 3 : 2. D retires and the goodwill is valued at Rs. Read More …

Advertisement Question 12 Chapter 6 – Class 12 Part 1 Unimax 12. P, Q and R are partners sharing profits and losses in the ratio of 2 : 3 : 4. R retires and for this purpose goodwill is valued Read More …