Simrat and bir are partners
Webb21 aug. 2024 · Mita and Usha are partners in a firm sharing profits in the ratio of 2 : 3. Their Capital Accounts as on 1st April, 2015 showed balances of Rs. 1,40,000 and Rs. 1,20,000 respectively. The drawings of mita and Usha during the year 2015-16 were Rs. 32,000 and Rs 24,000 respectively. Both the amounts were withdrawn on 1st January 2016. Webb2,40,000 from her capital and Bir introduced 3,00,000. Interest on capital is allowed at 6% p.a. Subsequently, it was noticed that interest on capital @ 6% p.a. had been omitted. Profit for the year ended 31st March, 2024 amounted to 2,40,000 and the partners' drawings had been: Simrat – 1,20,000 and Bir – 60,000.
Simrat and bir are partners
Did you know?
WebbSimrat and Nimrat are partners from 1st April, 2024 without a Partnership Deed and they introduced capital of 1,00,000 and 80,000 respectively. On 1st October, 2024, Simrat … Webb20 aug. 2024 · X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2 . On 31st March, 2024 after closing the books of account, their Capital Accounts stood at …
WebbSimrat and Bir are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2024 after closing the books of account, their Capital Accounts stood at ₹ 4,80,000 and ₹ 6,00,000 respectively. WebbSimrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2024 after closing the books of accounts, their capital accounts stood at …
WebbQ. Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2024 after closing the books of account, their Capital Accounts stood at ₹ … WebbSimrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2024 after closing the books of account, their Capital Accounts stood at 4,80,000 …
WebbSimrat and Bir are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2024 after closing the books of account, their Capital Accounts stood at ` …
WebbQ. Ram, Mohan and Sohan were partners in a firm sharing profits in the ratio of 5:3:2. They admitted Hari as a new partner for 1 5th share in the profit which he a acquired from Ram and Mohan in the ratio of 3:2. Calculate, the new … simple energy testing mnWebb5 aug. 2024 · Azad and Benny are equal partners. Their capitals are Rs. 40,000 and Rs. 80,000, respectively. After the accounts for the year have been prepared it is discovered that interest at 5% p.a. as provided in the partnership agreement, has not been credited to the capital accounts before distribution of profits. rawhide feed catalina azWebb11 juni 2024 · answered • expert verified Chapter 2 - Accounting for Partnership Firms-Fundamentals 2.87 Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2024 after closing the books of account, their Capital Accounts stood at 4,80,000 and 6,00,000 respectively. On 1st May, 2024. rawhide feed 85739WebbSimrat and Bir are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2024 after closing the books of account, their Capital Accounts stood at ` … rawhide fictionWebb29 juni 2024 · Q.60 Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2024 after closing the books of accounts, their capital … rawhide fievel goes westWebbSimrat and Bir are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March, 2024 after closing the books of account, their Capital... simple energy websiteWebbAzad and Benny are equal partners. Their capitals are Rs 40,000 and Rs 80,000, respectively. After the accounts for the year have been prepared it is discovered that interest at 5% p.a. as provided in the partnership agreement, has not been credited to the capital accounts before distribution of profits. simple energy uplight