Class 12th Chapter 3. Reconstitution of Partnership (Admission of Partner)

Admission of Partner Solution
Maharashtra State Board HSC Notes Online Solution for Free
Check Out the Sum Solutions. This are the HSC notes online with Calculation and explanatory notes.

1. Vikram and Pradnya share profits and loses in the ratio 2:3 respectively. Their balance sheet as on 31st March 2018 was as under.

2. Amalendu and Sameer share profits and losses in the ratio 3:2 respectively Their Balance Sheet as on 31st march 2017 was as under.

3. Vasu and Viraj Share Profits and Losses in the Ratio of 3:2 respectively Their Balance Sheet as on 31st March 2019 was as under

4. Mr. Deep & Mr. Karan were in Partnership sharing Profits & losses in the proportion of 3:1 respectively. Their Balance Sheet on 31st March 2018 Stood as follows.

5. Mr. Kishor & Mr. Lal were in partnership sharing profits & losses in the proportion of 3/4 and 1/4 respectively.

6. Vrushali and Leena are equal partners in the business. Their Balance Sheet as on 31 March 2018 stood as under.

7. The balance sheet of Medha and radh who share profit and loss in the ratio 3:1 is an follows:

8. The Balance Sheet of Sahil and Nikhil who Share Profit in the ratio of 3:2 as on 31st March 2017.

9. Mr. Amit and Baban share profits and losses in the 2:3 respectively. Their balance sheet as on 31st march 2018 was as under.

10. The following is the Balance Sheet of Om and Jay on 31st March 2018, they share profits and losses in the ratio 3:2

Sun and Moon are Partners in Partnership Firm sharing Profits and Losses equally. You are required to give effects of Adjustments with the help of following information

Trial Balance as on 31st March, 2019 Debit Balance Amount Credit Balance Amount Land & Building 40,000 Capital A/c Sun 33,500 Moon 33,500 Furniture 18,000 Current A/c: Sun 6,000 Machinery 40,000 Sundry Creditors 25,000 (Purchased on 01/07/18) Bank Overdraft 10,000 Goodwill 2,000 Reserve Fund 5,000 Wages 2,000 Provident Fund 5,000 Current A/c: Moon 4,000 8% Debentures 8,000 (Purchased on (01/10/18) Providend Fund Investment 3,500 Stock of Postal stamps 500 1,18,000 1,18,000 Adjustments: 1. Partners are entitled to get salary 6,000 p.a. in additional to their profit & loss sharing. 2. Depreciation on Land & Building, Furniture & Machinery @10%, 5% and 3% respectively. 3. Interest on Capital 5% p.a. 4. Closing stock 60,743 5. Wages included 1,000 as advance given to workers. 6. Interest due but not paid 800. 7. Total Net Profit amounted to 38,113. Solutio

CLASS 11th BOOK KEEPING & ACCOUNTANCY

Class 11 Chapter 3 - Journal Entry Solution Class 11 Chapter 4 - Ledger Accounts Class 11 Chapter 5 - Subsidiary Book Solution Class 11 Chapter 6 - Bank Reconciliation Statement Class 11 Chapter 7 - Depreciation Class 11 Chapter 8 - Rectification of Errors Solution in Accounting Journal Entry Class 11 Chapter 9 - Final Account of Proprietary Concern Maharashtra board Class 11th chapter 3 Journal Entry Solutions

PRACTICAL PROBLEMS Q.1 Give Journal entries of the following posting from the ledger account. Q.2 Prepare necessary ledger account from the following Subsidiary Books. Q.3 From the following Transactions prepare necessary Ledger accounts in the Books of Vinay and balance the same. Q.4 Journalise the following transactions and prepare cash account only. Q.5 Prepare Aparna's account in the books of Suparna. Q.6. Prepare Cash A/c, Bank A/c, Purchase A/c, sales A/c and Capital A/c, and balance the same in the books of Mandanlal. Q.7. Journalise the following transactions; post them into Ledger for February 2019. Q.8 Journalise the following transactions and prepare ledger accounts in the books of Sanjeev. EXERCISE Q.6 Complete the following table. Image by- Edaccountancy Q.7 Put ✔️ mark for the nature of balance for the following. Image by- Edaccountancy The practical problems presented above aim to reinforce students' understanding of ledger accounts, subsi

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