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Shanaya
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 31
st
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 30
th
april, 2016. The profit for the 3 years were 2, 52,000, 2,70,000 and 2,97,000.
Answer
1
Rounak Sharma
Subject: Accountancy
, asked on 6/2/18
Retiering part. will paid his share in fund???
Answer
1
Rounak Sharma
Subject: Accountancy
, asked on 6/2/18
Solve this:
Answer
1
Nandu
Subject: Accountancy
, asked on 3/2/18
how will the treatment be done if partners capitals are fixed in case of retirement
Answer
1
Dadu Agrawal
Subject: Accountancy
, asked on 26/1/18
Dear experts plz. Solve these queation.11 fast
Answer
1
Dadu Agrawal
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
Answer
2
Fayad Mehamood.mk
Subject: Accountancy
, asked on 8/1/18
Is study material enough
Answer
4
Rabiya Afreen
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.
Answer
3
Ipsita Chakravarty
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 ?
Answer
5
Kalyan Hazra
Subject: Accountancy
, asked on 23/12/17
PLEASE CHECK THE ANSWER
Answer
2
Pragya Shree
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:
Answer
1
Ipsita Chakravarty
Subject: Accountancy
, asked on 8/12/17
Solve this:
Answer
3
Kalyan Hazra
Subject: Accountancy
, asked on 7/12/17
PLEASE CHECK THE ANSWER
Answer
1
Kalyan Hazra
Subject: Accountancy
, asked on 7/12/17
PLEASE CHECK THE ANSWER
Answer
1
Kalyan Hazra
Subject: Accountancy
, asked on 7/12/17
PLEASE CHECK THE ANSWER
Answer
2
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What are you looking for?
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.
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: