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Somesh and ramesh are partners in a firm with capitals of Rs. 3,00,000 and RS. 4,00,000 respectively they do no have a apartnership Deed . Ramesh want

Monjur Alahi

Somesh and ramesh are partners in a firm with capitals of Rs. 3,00,000 and RS. 4,00,000 respectively they do no have a apartnership Deed . Ramesh wants to share the profits in the ratio of capital .state with reasons whether the claim is vilid or not .


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Salim Ahmed Kawsar

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No,the claim is not valid. In the absence of Partnership Deed profit should be distributed equally.

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A and B are partners in a business sharing profits and losses in the ratio of 1/3rd and 2/3rd. On 1st April, 2019, their capitals were RS.8,000 and RS

New Ratio- 1 : 2 : 1.

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A and B are partners in a firm with capital of RS.60,000 and RS.1,20,000 respectively. They decide to admit C into the partnership for 1/4th share in

Goodwill -RS.30,000.

2 Answers 1 views
X and Y are partners with capitals of RS.50,000 each. They admit Z as a partner of 1/4th share in the profits of the firm. Z bring in RS.80,000 as his

Correct Answer - Hidden Goodwill-RS.1,00,000. Hidden Goodwill `=(RS.80,000xx4//1)-(RS.50,000+RS.50,0000+RS.40,000+RS.80,000)`

2 Answers 1 views
X, Y and Z are equal partners with capitals of RS.1,500, RS.1,750 and RS.2,000 respectively. They agree to admit W into equal partnership upon payment

Loss on Revaluation-RS.270, Balance Sheet Total-RS-RS.11,280.

2 Answers 1 views
Atal and lal are partners in a firm , they do not have partnership Deed ,what shall be the position in the following cases ? (i) atal devotes more tim

In the absence of partnership Deed , provisions of the indian partnership At 1932 shall apply to settle the disputes : (i) Salary is not payable to any parther ,...

2 Answers 2 views
pratibha partner of a firm has advanced loan to the firm of Rs, 1,00,000 the firm does not have a paranership Deed will pratibha get interest on the i

Yes, In the absence of Partnership Deed, a partner receive interest on loan @ 6% p.a.

2 Answers 1 views
AandB are partners in firm sharing profits in the ratio of 3:2 they had advanced to the firm Rs. 30,000 as a loan in their profit- sharing ratio on 1s

interest payable to A -Rs. A-Rs. `xx`3/5`xx`6/10 `xx`6/12=Rs. 540, interest payable to B-Rs. 30,000`xx`2/5`xx`6/10 =Rs. 360. Hint :- According to the partnership Act 1932 interest @6% p.a payable on the...

2 Answers 1 views
From the following data, calcualte value added by firm X and by firm Y: (i) Closing stock of firm X 20 (ii) Closing stock of firm Y 15 (iii) Opening s

VA by X=v+i-iv-vi-ix =300+20-5-100-50 =rs 165 lakh V.A. by `Y=viii+ii-iii-vii` `=250+15-10-80` =rs 175lakh

2 Answers 2 views
Calculate value-added by firms A and B from the following data: (i) Purchases by firm B from firm A 40 ) Sales by firm B 80 (iii) Imports by firm B 10

V.A. by `A=i+viii-ix-vii` `=40+20-10-20` =rs 30 lakh V.A. by `B=ii+vi-v-i-iii` =`80+20-15-40-10` =rs 35lakh

2 Answers 1 views
Profit or Loss on Revaluation is born by -  (A) Old partners  (B) New partners  (C) All partners  (D) Only two partners

Correct option is: (A) Old partners

2 Answers 1 views

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