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Advertisement Question 44 Chapter 3 – Class 12 Part 1 Unimax 44. X, Y and Z are in partnership sharing profits and losses in the ratio of 2 : 1 : 1. It is agreed that interest on Capital will Read More …
Advertisement Question 40 Chapter 3 – Class 12 Part 1 Unimax 40. Prepare the Capital Accounts of partners P and Q from the following details, assuming that their capitals are fluctuating : P (Rs.) Q (Rs.) Capital as on Read More …
Advertisement Question 39 Chapter 3 – Class 12 Part 1 Unimax 39. On 1st April, 2020 A, B and C start a business in partnership. A puts in Rs. 30000 in first but withdraws Rs. 10000 at end of six Read More …
Advertisement Question 38 Chapter 3 – Class 12 Part 1 Unimax 38. X and Y are partners. As on 1st April, 2020, the capital of the firm was Rs. 45000 out of which Rs. 30000 stood to the credit of Read More …
Advertisement Question 37 Chapter 3 – Class 12 Part 1 Unimax 37. The partnership agreement of Kanu and Shruti provides that :(i) Profits will be shared equally.(ii) Shruti will be allowed an annual salary of Rs. 4800.(iii) Kanu will be Read More …
Advertisement Question 36 Chapter 3 – Class 12 Part 1 Unimax 36. A, B and C are three partners sharing profits and losses in ratio 2 : 2: 1. Their respective capitals as on 1st Aril, 2020 were Rs. 200000, Read More …
Advertisement Question 35 Chapter 3 – Class 12 Part 1 Unimax 35. Aman and Guneet are partners. As on 1st April, 2020, the Capital of the partnership was Rs. 30000 out of which Rs. 19000 stood to credit of Aman Read More …
Advertisement Question 34 Chapter 3 – Class 12 Part 1 Unimax 34. A and B are partners sharing profit in the ratio of 3 : 2 with Opening Capitals of Rs. 50000 and Rs. 30000 respectively. Interest on Capital is Read More …
Advertisement Question 33 Chapter 3 – Class 12 Part 1 Unimax 33. Alisha, Aman and Meenu are three partners. On 1st April, 2020 their respective Capitals were Rs. 80000, Rs. 60000 and Rs. 40000. On the same date, their current Read More …
Advertisement Question 32 Chapter 3 – Class 12 Part 1 Unimax 32. A and B are partners sharing profit in proportion of 1/10th and 3/10th with capitals of Rs. 15000 and Rs. 10000 respectively as on 1st Jan., 2021. 5% Read More …
Advertisement Question 31 Chapter 3 – Class 12 Part 1 Unimax 31. Kanu and Shruti are partners sharing profits in the ration of 3 : 2. Their opening Capitals are Rs. 75000 and Rs. 50000 respectively. Interest on Capital is Read More …
Advertisement Question 30 Chapter 3 – Class 12 Part 1 Unimax 30. Y and Z are partners with opening capitals of Rs. 200000 and Rs. 150000 respectively and their profit sharing ratio is 3 : 2. Interest on Capital is Read More …
Advertisement Question 29 Chapter 3 – Class 12 Part 1 Unimax 29. Amar and Akbar are two partners sharing profits and losses equally and their respective opening capitals are Rs. 60000 and Rs. 30000. Profits for the year are Rs. Read More …
Advertisement Question 28 Chapter 3 – Class 12 Part 1 Unimax 28. Varun and Sahil are partners in a firm. Their capitals on 1st April, 2020 were Rs. 300000 and Rs. 200000 and their profit sharing ratio is 2 : Read More …
Advertisement Question 18 Chapter 3 – Class 12 Part 1 Unimax 18. The following particulars are available in respect of the business of a firm. Capital Invested Rs. 50000 2018 Rs. 50000 (Profit) 2019 Rs. 12200 (Profit) 2020 Rs. 15000 Read More …
Advertisement Question 17 Chapter 3 – Class 12 Part 1 Unimax 17. Goodwill is to be valued at 3 years’ purchase of average profits of 3 years upto the date of valuation after deducting interest @ 6% on capital employed Read More …
Advertisement Question 16 Chapter 3 – Class 12 Part 1 Unimax 16. Goodwill is to be valued at two years’ purchase of 3 years normal average Profits of the firms. The Profits for 2018 is Rs. 20000 (including insurance claim Read More …
Advertisement Question 15 Chapter 3 – Class 12 Part 1 Unimax 15. On 1st April, 2021 an existing firm has assets of Rs. 80000 including cash of Rs. 5000. The Partner’s Capital accounts showed a balance of Rs. 60000 and Read More …
Advertisement Question 14 Chapter 3 – Class 12 Part 1 Unimax 14. The average net Profits expected in future by firm are Rs. 30000 per year. The average Capital employed in business by firm is Rs. 200000. The normal rate Read More …
Advertisement Question 13 Chapter 3 – Class 12 Part 1 Unimax 13. The assets of a firm are Rs. 55000 and the liabilities other than capital are Rs. 25000. The normal rate of Profit in this type of business is Read More …
Advertisement Question 10 Chapter 3 – Class 12 Part 1 Unimax 10. A Firm earned net profit during the last five years as follows : 2017 Rs. 7000; 2018 Rs. 6500; 2019 Rs. 8000; 2020 Rs. 7500 and 2021 Rs. Read More …
Advertisement Question 9 Chapter 3 – Class 12 Part 1 Unimax 9. It was estimated that the firm will every year make a profit of 5% on its Capital of Rs. 80000. The real average profits for the last four Read More …
Advertisement Question 6 Chapter 3 – Class 12 Part 1 Unimax 6. The profits of the firm for the last five years were as follows : Year 2017 2018 2019 2020 2021 Profit (Rs.) 20000 24000 30000 25000 18000 Calculate Read More …
Advertisement Question 2 Chapter 3 – Class 12 Part 1 Unimax 2. Calculate the firm’s Goodwill as on 1.1.21 on the basis of 2 years’ purchase of average normal profit of the last three years which are following : Year Read More …
Advertisement Question 1 Chapter 3 – Class 12 Part 1 Unimax 1. Calculate the value of goodwill as on 1.4.21 if it is to be valued at two years’ purchase of the average profit of last five years. The profits Read More …