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Subject: Accountancy, asked on 12/2/18

Q9

​Q9. Nisha and Saisha were partners. The partnership deed provided for the following 

      a) Profit to be divided as 1/2 , 1/3 and 1/6 transferred to reserves.

      b) The account are closed on 31st march every year.

      c) In the event of the death of a partner, the executor will be entitled to the following.

     ∙ Interest on capital @ 12% p.a.

     ∙ His proportion of profit to the date of death based on the average profit for the last 3 years.

     ∙ Share of goodwill based on 3 years purchase of the average profits of the preceding 3 years.

     Additional information 

    Nisha capital 3,60,000; saisha's capital  2, 40,000; reserves 90,000; cash 3,30,000 and investment 2,10,000.
    Prepare Nisha's capital account to be presented to her executor who died on 30th april, 2016. The profit for the 3 years were 2, 52,000,  2,70,000 and 2,97,000.

Subject: Accountancy, asked on 6/2/18

Retiering part. will paid his share in fund???

Subject: Accountancy, asked on 6/2/18

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Subject: Accountancy, asked on 3/2/18

how will the treatment be done if partners capitals are fixed in case of retirement

Subject: Accountancy, asked on 26/1/18

Dear experts plz. Solve these queation.11 fast

Subject: Accountancy, asked on 21/1/18

Dear expet suggest name of the best question bank for bst accontancy and for economics and all the subjects sample paper

Subject: Accountancy, asked on 8/1/18

Is study material enough

Subject: Accountancy, asked on 3/1/18

A,B and C were partners in a firm sharing profits in the ratio 6:5:4 and c reteiredand his share is taken up equally by a and b . find the npsr.

Subject: Accountancy, asked on 30/12/17

X y z are partners sharing profits and losses in the ratio 14 5 6 Respectively . Y retires and surrenders 5+25 shares of his shares in favour of x . Goodwill of the firm is valued at 2 years purchase of super profit based on average profit of last 3 years . The profits for the last 3 years are 50000 , 55000, 60000. The normal profits for similar firm is rs 30000. Goodwill already appears in the books of the firm at 75000. The profits for the first year after y retairement was 100000. Pass the necessary journal entries to adjust goodwill and to distribute profits ?

Subject: Accountancy, asked on 23/12/17

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Subject: Accountancy, asked on 17/12/17

Explain D-
A,B and C are partners in a firm sharing profits in the proportion 3:2:1. Their balance sheet as a 31st March ,2016 stood as follows:


 

Subject: Accountancy, asked on 8/12/17

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Subject: Accountancy, asked on 7/12/17

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Subject: Accountancy, asked on 7/12/17

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Subject: Accountancy, asked on 7/12/17

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