Author: Amanpreet Kaur Bharaj

Advertisement Question 73 Chapter 5 – Class 12 Part 1 Unimax 73. A and B are partners sharing Profits and Losses in 3 : 2. They admit C as a new partner from 1st April, 2021. A gives 1/3rd of Read More …

Advertisement Question 72 Chapter 5 – Class 12 Part 1 Unimax 72. Aviral and Advitya are partners sharing profits and losses in ratio 3 : 2. Their Balance Sheet stood as under on 31st December, 2021 : Liabilities Amount Assets Read More …

Advertisement Question 71 Chapter 5 – Class 12 Part 1 Unimax 71. A, B and C were partners sharing Profits and Losses in 3 : 2 : 1. On 1st April, 2021 they admitted D into partnership on the following Read More …

Advertisement Question 70 Chapter 5 – Class 12 Part 1 Unimax 70. The following was the Balance Sheet of Alok, Vijay and Krishan as on 31st December, 2020 : Liabilities Amount Assets   Amount Sundry Creditors 16,000 Land and Building Read More …

Advertisement Question 69 Chapter 5 – Class 12 Part 1 Unimax 69. Ram, Rahim and Jakob are equal partners in firm. Their Balance Sheet as at 31st March, 2021 was as follows : Liabilities Amount Assets   Amount Sundry Creditors Read More …

Advertisement Question 68 Chapter 5 – Class 12 Part 1 Unimax 68. Ashok and Kishore were partners in a firm, sharing profits and losses in the ratio of 3 : 2 respectively. The following is Balance Sheet of the firm Read More …

Advertisement Question 67 Chapter 5 – Class 12 Part 1 Unimax 67. A, B and C are partners sharing profits and losses in ratio of 2 : 3 : 5. On 31st March, 2021 their Balance Sheet was as follows Read More …

Advertisement Question 66 Chapter 5 – Class 12 Part 1 Unimax 66. A and B were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their Balance Sheet on 1st January, 2021 was as Read More …

Advertisement Question 65 Chapter 5 – Class 12 Part 1 Unimax 65. A and B share profits in the proportion of 3 : 1. Their Balance Sheet on 31st December, 2020 was as follows : Liabilities Amount Assets Amount Sundry Read More …

Advertisement Question 64 Chapter 5 – Class 12 Part 1 Unimax 64. A, B and C are partners in a firm sharing profits and losses in the ratio of 6 : 5 : 3 respectively. Their Balance Sheet on 1st Read More …

Advertisement Question 63 Chapter 5 – Class 12 Part 1 Unimax 63. Ramesh and Rahim sharing profits and losses in the ratio of 3 : 2 admit Suresh as a partner with 1/6th share in profits. He has to contribute Read More …

Advertisement Question 62 Chapter 5 – Class 12 Part 1 Unimax 62. G and S were partners in a manufacturing concern sharing profits and losses equally. On 31st December, 2020 the firm’s book revealed the following position : Liabilities Amount Read More …

Advertisement Question 61 Chapter 5 – Class 12 Part 1 Unimax 61. Black and White are partners sharing profits in the ratio of 5 : 3. They admit Green for 1/5th share in the future profits on the following conditions Read More …

Advertisement Question 60 Chapter 5 – Class 12 Part 1 Unimax 60. A and B are partners sharing profits ratio of 2 : 1. C is admitted into the firm for 1/4th share of profits. C bring Rs. 40000 in Read More …

Advertisement Question 59 Chapter 5 – Class 12 Part 1 Unimax 59. A and B are partners sharing profits in ratio of 3 : 1. Their capitals were : A, Rs. 50000 and B, Rs. 30000. C is admitted for Read More …

Advertisement Question 58 Chapter 5 – Class 12 Part 1 Unimax 58. The Balance Sheet of X and Y who are partners sharing profits in the ratio 3 : 2 on 31st December, 2021 is as under : Liabilities Amount Read More …

Advertisement Question 57 Chapter 5 – Class 12 Part 1 Unimax 57. Gupta, Goel and Garg were partners sharing Profits and Losses in the ratio of 1/2, 1/3 and 1/6 respectively. Their Balance Sheet was as under on 31st December, Read More …

Advertisement Question 56 Chapter 5 – Class 12 Part 1 Unimax 56. The following was the Balance Sheet of Anurag and Bhawna who were sharing profits in the ratio of 2/3 and 1/3 on 31st December, 2021. Liabilities Amount Assets Read More …

Advertisement Question 55 Chapter 5 – Class 12 Part 1 Unimax 55. A and B are equal partners of a firm. The Balance Sheet as on 31st December, 2020 was as under: Liabilities Amount Assets Amount Sundry Creditors 5,000 Cash Read More …

Advertisement Question 54 Chapter 5 – Class 12 Part 1 Unimax 54. A firm has two partners X and Y, sharing profits in the ratio of 3 : 2. They admit Z into the firm on 1st January, 2021, when Read More …

Advertisement Question 53 Chapter 5 – Class 12 Part 1 Unimax 53. The Balance Sheet of Krishan and Sudama, who share profits and losses in the ratio of 3 : 2, as on 31st December, 2021, is given below : Read More …

Advertisement Question 52 Chapter 5 – Class 12 Part 1 Unimax 52. X, Y and Z are equal partners with capitals of Rs. 1500, Rs. 1750 and Rs. 2000 respectively. They agree to admit W into partnership upon payment in Read More …

Advertisement Question 51 Chapter 5 – Class 12 Part 1 Unimax 51. A and B were in partnership sharing profits and losses in the proportion of 2/3rd and 1/3rd respectively. Their Balance Sheet figures on 31st December, 2020 were as Read More …

Advertisement Question 50 Chapter 5 – Class 12 Part 1 Unimax 50. The Balance Sheet of A and B carrying on business in partnership and sharing profits in proportion of 2/3rd and 1/3rd respectively, stood as follows : Liabilities Amount Read More …

Advertisement Question 49 Chapter 5 – Class 12 Part 1 Unimax 49. The Balance Sheet of A and B as on 31st March, 2021 is given below : Liabilities Amount Assets Amount Sundry Creditors 16,000 Freehold property 20000 General Reserve Read More …

Advertisement Question 48 Chapter 5 – Class 12 Part 1 Unimax 48. A and B are partners in a firm sharing profits in the ratio of 3 : 2. On 1st January, 2021, the position of the business is as Read More …

Advertisement Question 47 Chapter 5 – Class 12 Part 1 Unimax 47. The Balance Sheet of A and B as on 31st March, 2021 is given below. The profit sharing ratio is 2 : 1. Liabilities Amount Assets Amount Sundry Read More …

Advertisement Question 46 Chapter 5 – Class 12 Part 1 Unimax 46. The Balance Sheet of A and B, who share profits in ratio of 3 : 2, on 1st April, 2021, is following : Liabilities Amount Assets Amount Sundry Read More …

Advertisement Question 45 Chapter 5 – Class 12 Part 1 Unimax 45. Vimal and Nirmal are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st December, 2021 the position of the business Read More …

Advertisement Question 44 Chapter 5 – Class 12 Part 1 Unimax 44. A and B are partners sharing profits and losses in the ratio of 3 : 2. On 1st January, 2021 they admitted C into the partnership. He paid Read More …

Advertisement Question 43 Chapter 5 – Class 12 Part 1 Unimax 43. A and B are partners sharing profits in the ratio of 2 : 3. On 1st January, 2021 they admitted C into partnership. C agreed to contribute Rs. Read More …

Advertisement Question 42 Chapter 5 – Class 12 Part 1 Unimax 42. M and N are partners in a firm sharing profits and losses in the ratio of 5 : 3. On 31st December, 2020 their Balance Sheet was as Read More …

Advertisement Question 41 Chapter 5 – Class 12 Part 1 Unimax 41. X and Y are partners in a firm sharing profits and losses in 3 : 2. They admit Z as a new partner for 1/5th share. This share Read More …

Advertisement Question 40 Chapter 5 – Class 12 Part 1 Unimax 40. P and Q are in partnership sharing profit and loss in 3 : 1. They admit R into the firm, R paying a premium of Rs. 15000 for Read More …

Advertisement Question 39 Chapter 5 – Class 12 Part 1 Unimax 39. Varun and Nishant are partners in a firm sharing profits in the ratio of 3 : 1. They admit Jatin for 1/4th share. Jatin will bring Rs. 50000 Read More …

Advertisement Question 38 Chapter 5 – Class 12 Part 1 Unimax 38. A and B are partners with capitals of Rs. 26000 and Rs. 22000 respectively. They admit C as a new partner with 1/4th share in the profits of Read More …

Advertisement Question 37 Chapter 5 – Class 12 Part 1 Unimax 37. K, L and M are partners with respective capitals of Rs. 30000, Rs. 20000 and Rs. 10000 and sharing profits in the ratio of 3 : 2 : Read More …

Advertisement Question 36 Chapter 5 – Class 12 Part 1 Unimax 36. A, B and C are in partnership sharing profits and losses in the ratio of 5 : 4 : 3 respectively. Two new partners D and E are Read More …

Advertisement Question 35 Chapter 5 – Class 12 Part 1 Unimax 35. A and B are partners with capitals of Rs. 13000 and Rs. 11000. They admit C as a new partner with 1/5th share in the profits of the Read More …

Advertisement Question 34 Chapter 5 – Class 12 Part 1 Unimax 34. A, B and C were in partnership sharing profits equally. On 31st December, 2020 their capital accounts were as follows : A Rs. 15000 ; B Rs. 10000 Read More …

Advertisement Question 33 Chapter 5 – Class 12 Part 1 Unimax 33. P and Q share profits in the ratio of 3 : 2. R is admitted as a new partner with 1/6th share. P and Q will in future Read More …

Advertisement Question 32 Chapter 5 – Class 12 Part 1 Unimax 32. M and N are partners sharing profits and losses in the ratio of 2 : 1. They admit P into partnership for 1/4th share, which he acquires equally Read More …

Advertisement Question 31 Chapter 5 – Class 12 Part 1 Unimax 31. A and B are partners sharing profits and losses in ratio of 3 : 2. Their books showed goodwill at Rs. 20,000. C is admitted with 1/5th share Read More …

Advertisement Question 30 Chapter 5 – Class 12 Part 1 Unimax 30. P and Q are two partners sharing profits and losses in ratio of 3 : 2. Their books showed goodwill at Rs. 2,000. R is admitted with 1/4th Read More …

Advertisement Question 29 Chapter 5 – Class 12 Part 1 Unimax 29. A and B are partners in a firm sharing profits and losses in 3 : 4. They admit C for 3/7th share which he acquires 2/7th from A Read More …

Advertisement Question 28 Chapter 5 – Class 12 Part 1 Unimax 28. P and Q were partners sharing profits and losses in 7 : 3. R was admitted as a new partner and new profit sharing ratio was 5 : Read More …

Advertisement Question 27 Chapter 5 – Class 12 Part 1 Unimax 27. Aditi and Charvi are partners sharing profits and losses in 3 : 2. Nidhi is admitted for 1/5th share in profit. Goodwill of the firm is valued at Read More …

Advertisement Question 26 Chapter 5 – Class 12 Part 1 Unimax 26. R and S are partners sharing profits and losses in the ratio 5 : 3. They agree to admit Q for 1/3rd share in profits. Q brings Rs. Read More …

Advertisement Question 25 Chapter 5 – Class 12 Part 1 Unimax 25. A and B are partners sharing profits and losses in ratio 4 : 3. C is admitted as a new partner for 1/6th share, which he takes entirely Read More …

Advertisement Question 22 Chapter 5 – Class 12 Part 1 Unimax 22. A, B and C are partners in the ratio of 60%, 30% and 10% respectively. They admitted D for 25% share. Find out new ratio. The solution of Read More …

Advertisement Question 21 Chapter 5 – Class 12 Part 1 Unimax 21. A and B are partners sharing profits and losses in 3:2. They admit C as a new partner who gets 1/5th share. Calculate the new profit sharing ratio Read More …

Advertisement Question 19 Chapter 5 – Class 12 Part 1 Unimax 19. A and B were partners in a firm sharing profits in 3 : 2. On 1st April, 2020 they admitted C as a new partner for 1/4th share. Read More …

Advertisement Question 18 Chapter 5 – Class 12 Part 1 Unimax 18. A, B and C are partners sharing profits and losses in the ratio 3 : 2 : 1. Upon admission of D, they agreed to share as 4 Read More …

Advertisement Question 17 Chapter 5 – Class 12 Part 1 Unimax 17. A and B are partners sharing profits in the ratio of 3 : 2. C is admitted as a new partner. The new profit sharing ratio among A, Read More …

Advertisement Question 16 Chapter 5 – Class 12 Part 1 Unimax 16. A and B are partners sharing profits in the ratio 3 : 2. A surrenders 1/6th of his share and B surrenders 1/4th of his share in favour Read More …

Advertisement Question 15 Chapter 5 – Class 12 Part 1 Unimax 15. A and B are partners sharing profits in 9 : 5. They agree to admit C as their manager into partnership, who is to get 1/8th share in Read More …

Advertisement Question 14 Chapter 5 – Class 12 Part 1 Unimax 14. Kanu and Shruti were partners in a firm sharing profits in 5 : 3. They admit Raj as a new partner for 1/8th share in profits. It is Read More …

Advertisement Question 13 Chapter 5 – Class 12 Part 1 Unimax 13. A and B were partners in a firm sharing profits in 5 : 3. A new partner C was admitted for 1/4th share. Thereafter D was admitted as Read More …

Advertisement Question 12 Chapter 5 – Class 12 Part 1 Unimax 12. X and Y were partners in a firm sharing profits in 3 : 2. They admitted P and Q as new partners. X sacrificed 1/3rd of his share Read More …

Advertisement Question 11 Chapter 5 – Class 12 Part 1 Unimax 11. A, B, C and D are in partnership sharing profits and losses in the ratio of 36 : 24 : 20 : 20 respectively. E joins the firm Read More …

Advertisement Question 10 Chapter 5 – Class 12 Part 1 Unimax 10. X and Y share profits and losses in ratio of 5 : 3. Z is admitted for 3/10th share of profits, half of which were given by X Read More …

Advertisement Question 9 Chapter 5 – Class 12 Part 1 Unimax 9. X and Y are partners sharing profits and losses in the ratio of 3 : 2. Z is admitted for 1/4th share. Thereafter W enters for 20% share. Read More …

Advertisement Question 8 Chapter 5 – Class 12 Part 1 Unimax 8. X and Y were partners sharing profits in the ratio of 3 : 2. They admitted P and Q as new partners. X surrendered 1/3rd of his share Read More …

Advertisement Question 7 Chapter 5 – Class 12 Part 1 Unimax 7. A and B are partners sharing profits and losses in ratio 3 : 2. C is admitted for 1/4th share. A and B decide to share equally in Read More …

Advertisement Question 6 Chapter 5 – Class 12 Part 1 Unimax 6. K, L and M are partners sharing in ratio 3 : 2 : 1. They admit N for 1/6th share. M would retain his original share. Calculate new Read More …

Advertisement Question 5 Chapter 5 – Class 12 Part 1 Unimax 5. A, B and C share the profits and losses in the ratio of 3 : 2 :1. D is admitted. He gets 1/6th share entirely form A. Calculate Read More …

Advertisement Question 4 Chapter 5 – Class 12 Part 1 Unimax 4. P and Q are partners sharing profits and losses in 2 : 1. R is admitted. R gets 1/4th share in the firm which he acquires 3 /20 Read More …

Advertisement Question 3 Chapter 5 – Class 12 Part 1 Unimax 3. A and B are partners sharing profits and losses in ratio 3 : 2. They admit C for 3/10th Share which he acquires in the ratio of 2 Read More …

Advertisement Question 2 Chapter 5 – Class 12 Part 1 Unimax 2. A and B are partners sharing profits and losses in ratio 5 : 3. They admit C for 1/6th Share and agree to share between them in the Read More …

Advertisement Question 1 Chapter 5 – Class 12 Part 1 Unimax 1. A and B are partners sharing profits and losses in ratio 3 : 2. C is admitted into business for 1/6th share. Calculate new profit sharing ratio and Read More …