Amar , bhanu and charu are partners in a firm Amar and bhanu are to get annual salary of Rs, 1,20,000 f p.a. each as they are fully involved in the business Net profit for the year is Rs. 4,80,000 .Determine the share of profit to be credited to each partner.
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Fixed Assets ₹ 4,00,000, working Capital ₹ 2,00,000, Cost of Goods Sold ₹ 20,00,000, Gross Sold ₹ 20,00,000, Gross profit ₹ 4,00,000 .Calculate Captia
Capital Employed Turnover Ratio = 4 Times
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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.
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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)`
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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.
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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
No,the claim is not valid. In the absence of Partnership Deed profit should be distributed equally.
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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...
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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
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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
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From the following data, find out value added by firm X: (i) Sales by firm Y to firm X 400 (ii) Sales by firm X to households 500 (iii) Purchases by f
`GVA_(mp)` by X=(ii+iii)+(v-iv)-(i) `=(500+300)+(75-25)-400` =rs 450lakh.
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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
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