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Advertisement Question 45 Chapter 7 – Class 12 Part 1 Unimax 45. A, B and C were sharing profits and losses in the ratio of 3 : 2 : 1. They agreed to dissolve their partnership firm on-31st March, 2022, Read More …
Advertisement Question 44 Chapter 7 – Class 12 Part 1 Unimax 44. The partnership between Read and Write was dissolved on December 31, 2022. On that date, respective credits to the capitals were Read 1,70,000 and Write 30,000; 20,000 were Read More …
Advertisement Question 43 Chapter 7 – Class 12 Part 1 Unimax 43. X, Y and Z commenced business on 1st January 2021, with capitals of 1,00 000 50,000 and 60,000 respectively. Profits and Losses were shared in the ratio of Read More …
Advertisement Question 42 Chapter 7 – Class 12 Part 1 Unimax 42. A and B were partners from January 1, 2021 with capitals of 60,000 and 40,000 respectively. Their profit sharing ratio was in proportion to capitals as originally contributed Read More …
Advertisement Question 41 Chapter 7 – Class 12 Part 1 Unimax 41. Leena and Cheena commenced business on 1st January,- 2022 with capitals of 70,000 and 60,000 and agreed to share profits in the ratio of 3 : 2. The Read More …
Advertisement Question 40 Chapter 7 – Class 12 Part 1 Unimax 40. Peter, Roberts and Sunny commenced business on 1st April, 2020 with capitals of 60,000, 50,000 and 40,000 respectively. Profits for the first year were T 50,000 while the Read More …
Advertisement Question 39 Chapter 7 – Class 12 Part 1 Unimax 39. X, Y and Z commenced business on January 1, 2021 with capitals of 1,20,000, 50,000 and 50,000 respectively. Profits and losses were shared in 2 : 2 : Read More …
Advertisement Question 38 Chapter 7 – Class 12 Part 1 Unimax 38. A. B and C commenced business of book publishing on 1st April, 2022 with capitals of 1.00,000, 80.000 and R.: 60,000 respectively. Profits and Losses were shared in Read More …
Advertisement Question 37 Chapter 7 – Class 12 Part 1 Unimax 37. Sachin and Tarun were partners sharing profits and losses as to 2/3 and 1/3 respectively. On 31st December 2022, they dissolved the partnership firm when their books showed Read More …
Advertisement Question 36 Chapter 7 – Class 12 Part 1 Unimax 36. Ashok and Kishore were in partnership sharing profits in the ratio of 3 : 1. They agreed to dissolve the firm. The assets (other than cash of 2,000) Read More …
Advertisement Question 35 Chapter 7 – Class 12 Part 1 Unimax 35. On 1st January. 2022 A, 13 and C commenced business in partnership sharing profits and losses in the ratio of 3 : 2 : 1 respectively. They paid Read More …
Advertisement Question 34 Chapter 7 – Class 12 Part 1 Unimax 34. A, B and-C were partners in a firm sharing profits in the ratio of 4 3 3. On 1.4.2022 the decided to dissolve the firm. On that date Read More …
Advertisement Question 33 Chapter 7 – Class 12 Part 1 Unimax 33. P and Q were partners sharing profits 3/5th and 2/5th respectively. At the date of dissolution their capitals were P 7,650 and Q R. 4,300. The creditors amounted Read More …
Advertisement Question 32 Chapter 7 – Class 12 Part 1 Unimax 32. Aviral, Advitya Avneesh were partners in a firm sharing profits & losses in 2 :2: 1. They decided to dissolve the partnership and appointed Aviral to realise the Read More …
Advertisement Question 31 Chapter 7 – Class 12 Part 1 Unimax 31. P. Q and R were partners sharing profits & losses in ratio 5 : 3 : 2. The partnership firm was dissolved on 313.2022, when their books showed Read More …
Advertisement Question 30 Chapter 7 – Class 12 Part 1 Unimax 30. Y and Z were sharing profits in the ratio of 2 : 2 : . They agreed upon dissolution of their partnership on 31st March, 2022 on which Read More …
Advertisement Question 29 Chapter 7 – Class 12 Part 1 Unimax 29. A, B and C were partners in a firm and shared profits in the ratio of 3 : 2 : 1. On 31.12.2022, their Balance Sheet was as Read More …
Advertisement Question 28 Chapter 7 – Class 12 Part 1 Unimax 28. The following was the Balance Sheet of Arvind and Balbir as on 31st December. 2022 : Liabilities Amount Assets Amount Trade creditors 45,000 Cash 750 Bills Read More …
Advertisement Question 27 Chapter 7 – Class 12 Part 1 Unimax 27. The Balance Sheet of A, B and C sharing profits and losses in 3 : 2 : 1 respectively stood as follows on June 30, 2022 Liabilities Amount Read More …
Advertisement Question 26 Chapter 7 – Class 12 Part 1 Unimax 26. The following was the Balance 26. A, B and C who were sharing the profits and losses in the ratio of 3 : 1 : 1 respectively decided Read More …
Advertisement Question 25 Chapter 7 – Class 12 Part 1 Unimax 25. The following was the Balance Sheet of A and B as on 31st December, 2022 Liabilities Amount Assets Amount Creditors 30,000 Cash in Hand 8,500 Bills Read More …
Advertisement Question 24 Chapter 7 – Class 12 Part 1 Unimax 24. A, B and C were in partnership sharing profits at 7 : 2 : 1 and the Balance Sheet of the firm as on 31st December, 2022 was Read More …
Advertisement Question 23 Chapter 7 – Class 12 Part 1 Unimax 23. A, B and C were Partners in a firm, sharing profits in the ratio of 2 : 2 : 1. Their Balance Sheet on 31st December, 2022 was Read More …
Advertisement Question 22 Chapter 7 – Class 12 Part 1 Unimax 22. M, N and 0 sharing profits and losses in the ratio 3 : 2 : 1 agreed to dissolve their firm on 31st March, 2022. Their Balance Sheet Read More …
Advertisement Question 21 Chapter 7 – Class 12 Part 1 Unimax 21. A, B and C were partner sharing profits and losses in the ratio of 3 : 2 : 1. On 31st March, 2022, their Balance Sheet was as Read More …
Advertisement Question 20 Chapter 7 – Class 12 Part 1 Unimax 20. Mrs. Ritu Chaudhary and Miss Shobha were partners in a firm, ‘Fancy Garments Exports’ sharing profits and losses equally. On 1st January, 2022, the Balance Sheet of the Read More …
Advertisement Question 19 Chapter 7 – Class 12 Part 1 Unimax 19. Following was the Balance Sheet of D, G and T on 28.2.2022 Liabilities Amount Assets Amount Sundry Creditors 50,000 Bank 20,000 Bills Payable 10,000 Debtors Read More …
Advertisement Question 18 Chapter 7 – Class 12 Part 1 Unimax 18. E, F and G sharing profits equally dissolved their firm on 30th June 2022, on which date their Balance Sheet was as follows Liabilities Amount Assets Amount Sundry Read More …
Advertisement Question No 20 Chapter 8 – UNIMAX Class 12 Part 2 – 2021 20.the balance in equipment account and accumulated depreciation account as on march 31,2021 and 2022 are given below: Balance as at March 31,2021 March 31,2022 Equipment Read More …
Advertisement Question No 19 Chapter 8 – UNIMAX Class 12 Part 2 – 2021 19.from the following information, calculate the net cash flow from operating activities: Balance sheets as at…. Particulars 31.3.2022 ₹ 31.3.2021 ₹ I. Equity and liabilities Read More …
Advertisement Question 17 Chapter 7 – Class 12 Part 1 Unimax 17. Read the following information: Liabilities Amount Assets Amount Accounts payable 25,200 Land and building 11,750 Investment fluctuation fund 5,000 Cash at Bank 3,250 General Read More …
Advertisement Question 16 Chapter 7 – Class 12 Part 1 Unimax 16. The balance sheet of P, Q and R as on March 31st 2021 who were sharing in the ratio of 5:3:1 was as follows: Liabilities Amount Assets Amount Read More …
Advertisement Question 15 Chapter 7 – Class 12 Part 1 Unimax 15. J, S and R were in partnership sharing profits and losses in the ratio of 3:2:1. Their balance sheet as on 31st December 2021 was as follows: Liabilities Read More …
Advertisement Question 14 Chapter 7 – Class 12 Part 1 Unimax 14. P, Q and R were partners in the firm sharing profits and losses in the ratio of 5:3:2. They agreed to dissolve their partnership firm on 31st March Read More …
Advertisement Question 13 Chapter 7 – Class 12 Part 1 Unimax 13. Naresh and Munish are equal partners running general stores including some fancy goods. On March 31st 2021, they decided to dissolve the firm. Their financial position on that Read More …
Advertisement Question 12 Chapter 7 – Class 12 Part 1 Unimax 12. X, Y and Z were partners sharing profits and losses in the ratio of 2:2:1. On January 1st 2021 their balance sheet was as follows: Liabilities Amount Assets Read More …
Advertisement Question 11 Chapter 7 – Class 12 Part 1 Unimax 11. The balance sheet of a firm on 31st March 2021 was as under: Liabilities Amount Assets Amount Capital Land and building 8,00,000 A 5,00,000 Investment 2,00,000 B 4,00,000 Read More …
Advertisement Question 09 Chapter 7 – Class 12 Part 1 Unimax 9. Pass necessary Journal entries for the following transactions: The solution of Question 09 Chapter 7 – Class 12 Part 1 Unimax: – Journal Entries End of Solution Check Read More …
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 08 Chapter 7 – Unimax Class 12 Part 1 – 2021 8. Pass the necessary Journal entries: A was to bear all the realisation expenses for which he was given a commission of 2% of net cash realized Read More …
Advertisement Question 10 Chapter 7 – Class 12 Part 1 Unimax 10. A and B were partners in a firm sharing profits and losses equally. Their firm was dissolved on 15th March 2022, which resulted in loss of 30,000. On Read More …
Advertisement Question 07 Chapter 7 – Class 12 Part 1 Unimax 7. Pass necessary Journal entries for the following transactions at the time of dissolution of the firm: The solution of Question 07 Chapter 7 – Class 12 Part 1 Read More …
Advertisement Question 06 Chapter 7 – Class 12 Part 1 Unimax 6. Pass necessary Journal entries for the following: The solution of Question 06 Chapter 7 – Class 12 Part 1 Unimax: – Journal Entries End of Solution Check Out Read More …
Advertisement Question 05 Chapter 7 – Unimax Class 12 Part 1 – 2021 5. L and M were partners in a firm sharing profits in the ratio of 4 : 3. The firm was dissolved on 28.2.2022. Pass the necessary Read More …
Advertisement Question 04 Chapter 7 – Class 12 Part 1 Unimax 4. Pass the journal entries for the firm of partners X and Y. The solution of Question 04 Chapter 7 – Class 12 Part 1 Unimax: – Journal Entries Read More …
Advertisement Question 03 Chapter 7 – Class 12 Part 1 Unimax 3. Pass the necessary Journal entries for the following transactions: The solution of Question 03 Chapter 7 – Class 12 Part 1 Unimax: – Journal Entries End of Solution Read More …
Advertisement Question 02 Chapter 7 – Class 12 Part 1 Unimax 2. Pass necessary Journal entries for the following transactions, at the time of dissolution of the firm :(i) Realisation Expenses 3,000 were paid by the firm by cheque.(ii) Realisation Read More …
Advertisement Question 01 Chapter 7 – Class 12 Part 1 Unimax 1. Pass necessary Journal entries for the following transactions at the dissolution of the firm. The solution to Question 01 Chapter 7 – Class 12 Part 1 Unimax: – 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 …
Advertisement Question 11 Chapter 6 – Class 12 Part 1 Unimax 11. A, B and C are partners sharing profits and losses in the ratio of 1/2 : 1/3 : 1/6 respectively. A retired from the firm and B and Read More …
Advertisement Question 10 Chapter 6 – Class 12 Part 1 Unimax 10. Amit, Sumit and Varun are partners. Sumit retires. Calculate new ratio if continuing partners acquired his share in 2 : 3. Also mention the gaining ratio. The solution Read More …
Advertisement Question 9 Chapter 6 – Class 12 Part 1 Unimax 9. A, B, C and D are partners sharing profits and losses in the ratio of 1/3, 1/6, 1/3 and 1/6 respectively. C retires and A, B and D Read More …
Advertisement Question 8 Chapter 6 – Class 12 Part 1 Unimax 8. M, N and O are partners sharing profits in the ratio of 2 : 1 : 1. O retires, whose share is wholly taken by M. Calculate new Read More …
Advertisement Question 7 Chapter 6 – Class 12 Part 1 Unimax 7. X, Y and Z were partners in a firm. Profit was distributed as follows :X 2/6 ; Y 2/6, Z 1/6 : Transfer to Reserve is 1/6. Z Read More …
Advertisement Question 6 Chapter 6 – Class 12 Part 1 Unimax 6. P, Q and R are partners sharing profits in ratio of 9 : 7 : 4. Q retires from the firm. The amount due to Q on retirement Read More …
Advertisement Question 5 Chapter 6 – Class 12 Part 1 Unimax 5. A, B and C are partners in the ratio of 3/8 : 1/2 : 1/8 respectively. B retires and surrenders 3/8 of his share in favour of C Read More …
Advertisement Question 4 Chapter 6 – Class 12 Part 1 Unimax 4. L, M and N are partners sharing profits and losses in 5 : 3 : 2. L retires and his share is taken over by M and N Read More …
Advertisement Question 3 Chapter 6 – Class 12 Part 1 Unimax 3. X, Y and Z are partners sharing profits and losses in 3 : 2 : 1. Y retires and his share is taken over by X and Z Read More …
Advertisement Question 2 Chapter 6 – Class 12 Part 1 Unimax 2. P, Q, R and S are partners sharing profits and losses in 5 : 4 : 3 : 2. Calculate new profit sharing ratio between P and R, Read More …
Advertisement Question 1 Chapter 6 – Class 12 Part 1 Unimax 1. A, B and C are partners sharing profit and losses in 7 : 5 : 3. Calculate new profit sharing ratio and gaining ratio if B retires. The Read More …
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 …