banner_ad

Doubt in Questions related to accountancy(partnership)

Others 805 views 6 replies

Q1. X,Y and Z are partners sharing profits in the ratio of 7:5:8. Z died on 30th Nov, 2005 and profits for for the year are 4,80,000. Calculate Z's share in profits. {pls provide solution}

Q2. A,b and C are the three partners sharing profit and loss in the ration of 1:2:3 and their capitals are 50,000, 1,00,000 and 1,50,000 respectively. The balance in reserve stood at 20,000 and goodwill is valued at 10,000. Calculate the amount to be paid to B by the firm.{pls provide solution}

Q3. A and B share profit and losses in ratio of 5:3. P is admitted as the new partner equally. Calculate the new profit sharing ratio.{pls provide solution}

Q4. P and Q share profit and losses in ratio of 3:2 and their respective capitals are 1,20,000 and 54,000. C is admitted for 1/5th share and brings 1,20,000 as his share of capital.Calculate the amount to be refunded to A.{pls provide solution}

Q5. A,B and C are partners in ration of 3:2:1. They agree to take D in the firm . A,B and C agree tot ake 1/3rd, 1/6th and 1/9th share respectively. Calculate share of D in profits.{pls provide solution}

I am having doubts with these questions. Please answer them.

Thank you

Replies (6)

1.  192000(480000*8/20)

2.   realisation a/c profit 10000is to be devided in 1:2:3 ratios ie.A 1667,B 3333, C 5000

PREPARE PARTNERS CAPITAL A/C 

                        BALANCE TO CASH A 51667, B 103000,C155000

3. A 5/8 B 3/8   P 1/2

5/8+3/8+1/2 =5+3+4/8=12/8

5:3:12

4. ERROR IN PROBLEM

5 .. 3:2:1

      3/6:2/6:1/6:1/2*6

     =3:2:1:3

    = 3/9=1/3

i think its C...calculate amt to be refunded to C


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details