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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 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 – 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 …