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Simran and reema are partners sharing profits

Webb20 aug. 2024 · The firm earned net profit of Rs. 6,00,000 for the year ended 31st March 2024. Pass the Journal entry for interest on capital and prepare Profit and Loss Appropriation Account. accounting for partnership firms class-12 1 Answer +5 votes answered Aug 20, 2024 by Nisub (71.3k points) selected Aug 20, 2024 by faiz Best … Webb15 apr. 2024 · Simran and Reena are partners sharing profits in the ratio 3:2. Their capitals as on 31st March were 2,00,000 each whereas Current Accoungs had balances of …

Atul and Mithun are partners sharing profit in ratio 3:2, Balances …

Webb1 juni 2024 · Find an answer to your question Simran and Reema are partner sharing profit in the ratio of 3 is to 2 their capital as on 31 March 2024 where 2 lakh each where ... They agreed to share the profits and losses equally. On … 4 November, 2024 Ram purchased goods worth Rs. 1,00,000 and spent Rs. 6,000 in sending the goods to Mohan. WebbSimran and Reema are partners sharing profits in the ratio of 3 : 2. Their capitals as on 31st March, 2024 were ` 2,00,000 each whereas Current Accounts had balances of ` … harry \u0026 david coffee https://akumacreative.com

Kamal and Kapil ar partners having fixed capitals of Rs. 5

Webb20 aug. 2024 · Ashish and Aakash are partners sharing profit in the ratio of 3 : 2. Their Capital Accounts showed a credit balance of Rs. 5,00,000 and Rs. 6,00,000 respectively as on 31st March, 2024 after debit of drawings during the year of Rs. 1,50,000 and Rs. 1,00,000 respectively. Net profit for the year ended 31st March was Rs. 5,00,000. WebbSimran and Reema are partners sharing profits in the ratio of 3: 2. Their capitals as on 31st March, 2024 were R s. 2, 0 0, 0 0 0 each whereas Current Accounts had balances of R s. 5 0, 0 0 0 and R s. 2 5, 0 0 0 respectively. Interest is to be allowed @ 5% p.a. on balances in Capital Accounts. The firm earned net profit of R s. 3, 0 0, 0 0 0 ... WebbSimran and Reema are partners sharing profits in the ratio of 3 : 2. Their capitals as on 31st March, 2024 were 2,00,000 each whereas Current Accounts had balances of 50,000 and 25,000 respectively interest is to be allowed @ 5% p.a. on balances in Capital Accounts. The firm earned net profit of 3,00,000 for the year ended 31st March 2024. charles thaggard inc

Simran and Reena are partners sharing profits in the ratio 3:2 …

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Simran and reema are partners sharing profits

A and B are partners sharing profits in the ratio of 3 : 2. with ...

Webb1 juni 2024 · Simran and Reema are partner sharing profit in the ratio of 3 is to 2 their capital as on 31 March 2024 where 2 lakh each where was current account had balance … WebbTo Simran’s Current A/c 1,68,000 To Reema’s Current A/c 1,12,000 (Profit transferred to Partner’s Current A/c) In a partnership, parties who are referred to as business partners agree to work together to further their shared Assets objectives.

Simran and reema are partners sharing profits

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Webb12 nov. 2024 · Reema and Seema are partners sharing profits equally. The Partnership Deed provides that both Reema and Seema will get monthly salary of Rs 15,000 each, … Webb11 mars 2024 · Simran and Reema are partners sharing profits in the ratio of 3 : 2. Their capitals as on 31st March, 2024 were ₹ 2,00,000 each whereas Current Accounts had …

WebbOf the divisible profits, P is entitled to 50% the first Rs. 10,000, Q to 30% and R to 20%, rest of the profits are shared equally. Profits for the year ended the 31st March 2024, after debiting partners' salaries but before charging interest on capital was Rs. 21,000 and the partners had drawn Rs. 10,000 each on account of salaries, interest and profit. WebbX, Y and Z entered into partnership on 1st October, 2024 to share profits in the ratio of 4 : 3 : 3. X, personally guaranteed that Z's share of profit after charging interest on capital @ 10% p.a. would not be less then ₹ 80,000 in any year.Capital contributions were: X – ₹ 3,00,000, Y – ₹ 2,00,000 and Z – ₹ 1,50,000. Profit for the year ended 31st March, 2024 …

Webba P is bound to pay Rs 20,000 together with profit of Rs 5,000 to the firm because this amount belongs to the firm. Explanation: As per Principal and Agent relationship, P is principal as well as agent to the firm and to Q and R. As per this rule, any profit earned by an agent P by using the firm’s property is attributable to the firm. WebbSimran and Reema are partners sharing profits in the ratio of 3 : 2. Their capitals as on 31st March, 2024 were ` 2,00,000 each whereas Current Accounts had balances of ` …

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WebbSimran and Reema are partners sharing profits in the ratio of 3:2. Their capitals as on 31st March, 2024 were Rs.2,00,000 each whereas Current Accounts had balances of … harry \u0026 david cinnabonharry \u0026 david cyber mondayWebbSimran and Reema are partners sharing profits in the ratio of 3:2. Their capitals as on 31st March, 2024 were Rs.2,00,000each whereas Current Accounts had balances of … charles thatcher dean obitWebbThe Partnership Deed provided as follows: (a) Interest on capital be allowed @ 10% p.a. (b) Amit to get a salary of ₹ 2,000 per month and Vijay ₹ 3,000 per month. (c) Profits are to be shared in the ratio of 3 : 2. Net profit for the year ended 31st March, 2024 was ₹ 2,16,000. Interest on drawings amounted to ₹ 2,200 for Amit and ₹ 2,500 for Vijay. charles t hatchell scWebbAtul and Mithun are partners sharing profit in ratio 3:2, Balances as on 1st April 2024 were as follows: Capital account (fixed) – Atul – 7500000 and Mithun – 2600000, Loan accounts – Atul – 300000 (Cr) and Mithun – 200000 (Dr). It was agreed to allow and charge interest @ 8% per annum. harry \\u0026 david free shippingWebb11 dec. 2024 · Reema and Seema are partners sharing profits and losses in the ratio of 4:1 . They decide to share profit in the ratio of 3:2 w.e.f 1st April , 2024. Howere, the decision … harry \u0026 david deluxe christmas gift boxWebb8 jan. 2024 · Suma and Reema are partners sharing profits and losses in the ratio of 2:1 Their Balance + Sheet as on 31/03/2024 is as follows: Liabilities Sundry Creditors Bills payable Suma's Loan Reserve Fund Capitals: Suma Reema 12,000 Cash at Bank 20,000 Bills Receivable L 7,000 36,000 (-)PDD Assets 1,00,000 Sundry Debtors 45,000 5,000 … harry \u0026 david coffee k cups