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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 23 Chapter 5 – Class 12 Part 1 Unimax 23. P and Q are partners sharing profits and losses in ratio 7 : 3. R is admitted for 1/4th share in profits. He brings Rs. 45,000 as his 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 …
Advertisement Question 14 Chapter 4 – Class 12 Part 1 Unimax 14. Aditi and Charvi are partner sharing Profits and Losses in the ratio of 3 : 1. The Capitals are Aditi Rs. 60000 and Charvi Rs. 20000. It has Read More …
Advertisement Question 13 Chapter 4 – Class 12 Part 1 Unimax 13. E, F and G are partners sharing Profits in 7 : 6 : 5. Their fixed Capitals are Rs. 70000, Rs. 40000 and Rs. 80000 respectively. It has Read More …
Advertisement Question 12 Chapter 4 – Class 12 Part 1 Unimax 12. P and Q share the profits of a business in the ratio of 5 : 3. They agreed to change their profit sharing ratio to 3 : 5. Read More …
Advertisement Question 11 Chapter 4 – Class 12 Part 1 Unimax 11. The following is the Balance Sheet of P, Q, R and S as at 31st December, 2020. Liabilities Amount Assets Amount Creditors 80,000 Bills Receivable 20,000 Read More …
Advertisement Question 10 Chapter 4 – Class 12 Part 1 Unimax 10. X, Y and Z were partner in a firm sharing profits in ratio of 2 : 2 : 1. Their Balance Sheet as at 31st March, 2021 was Read More …
Advertisement Question 9 Chapter 4 – Class 12 Part 1 Unimax 9. A, B and C are three partners sharing Profits and Losses in ratio of 5 : 3 : 2. They decide to share future profits and losses in Read More …
Advertisement Question 8 Chapter 4 – Class 12 Part 1 Unimax 8. A and B are partners sharing Profits and losses in ratio of 3 : 2. Their Balance Sheet is showing a balance of Rs. 50000 in General Reserve Read More …
Advertisement Question 7 Chapter 4 – Class 12 Part 1 Unimax 7. X, Y and Z are partners in a firm sharing profits in 1 : 2 : 3. Their Balance Sheet as at 31.3.21, showed a Balance of Rs. Read More …
Advertisement Question 6 Chapter 4 – Class 12 Part 1 Unimax 6. Gold, Silver and Copper are partners in a firm sharing profits equally. They have decided to share profit in future in the ratio of 2 : 3 : Read More …
Advertisement Question 5 Chapter 4 – Class 12 Part 1 Unimax 5. X, Y and Z are partners of firm sharing profits and losses in ratio of 3 : 2 : 1. They decided to share profits equally with effect Read More …
Advertisement Question 4 Chapter 4 – Class 12 Part 1 Unimax 4. X, Y and Z are partners sharing profits and losses in ratio of 5 : 3 : 2. Calculate the new profit sharing ratio if X, Y and Read More …
Advertisement Question 3 Chapter 4 – Class 12 Part 1 Unimax 3. P, Q and R were partners sharing profits and losses in ratio of 4 : 3 : 1. The partners agree to share future profits in ratio of Read More …
Advertisement Question 2 Chapter 4 – Class 12 Part 1 Unimax 2. A, B and C are partners sharing profits and losses in ratio of 5 : 3 : 2. Calculate new profit sharing ratio, if C acquires 1/10th share Read More …
Advertisement Question 1 Chapter 4 – Class 12 Part 1 Unimax 1. M and N are two partners sharing profits and losses equally. They agree to share future profits and losses in ratio of 4 : 3. Calculate individual partner’s Read More …
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 …