What does proprietary ratio indicate? Post category:Accountancy Reading time:1 mins read SOLUTION It indicates the proportion of total assets financed by shareholder’s funds. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is proprietary ratio? Next PostWhat is Total Assets to Debt Ratio? You Might Also Like Iqbal and Kapoor are in partnership sharing profits and losses in 3: 2. Kapoor died three months after the date of the last Balance Sheet. According to the Partnership Deed, the legal heir is entitled to the following: (a) His capital as per the last Balance Sheet. (b) Interest on above capital @ 3% p.a. till the date of death. (c) His share of profits till the date of death calculated on the basis of last year’s profits. His drawings are to bear interest at an average rate of 2% on the Amount irrespective of the period. The net profits for the last three years, after charging insurance premium, were Rs. 20,000; Rs. 25,000 and Rs. 30,000 respectively. Kapoor’s capital as per Balance Sheet was Rs. 40,000 and his drawings till the date of death were Rs. 5,000. Draw Kapoor’s Capital Account to be rendered to his representatives. August 5, 2022 What is meant by ‘Fixed Capital’ of a partner? (Delhi 2016 C) October 7, 2022 Asha, Naveen and Shalini were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at a value of Rs. 80,000 and General Reserve at Rs. 40,000. Naveen decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at Rs. 1,20,000. The new profit-sharing ratio decided among Asha and Shalini is 2 : 3. Record necessary Journal entries on Naveen’s retirement. August 3, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Iqbal and Kapoor are in partnership sharing profits and losses in 3: 2. Kapoor died three months after the date of the last Balance Sheet. According to the Partnership Deed, the legal heir is entitled to the following: (a) His capital as per the last Balance Sheet. (b) Interest on above capital @ 3% p.a. till the date of death. (c) His share of profits till the date of death calculated on the basis of last year’s profits. His drawings are to bear interest at an average rate of 2% on the Amount irrespective of the period. The net profits for the last three years, after charging insurance premium, were Rs. 20,000; Rs. 25,000 and Rs. 30,000 respectively. Kapoor’s capital as per Balance Sheet was Rs. 40,000 and his drawings till the date of death were Rs. 5,000. Draw Kapoor’s Capital Account to be rendered to his representatives. August 5, 2022
Asha, Naveen and Shalini were partners in a firm sharing profits in the ratio of 5 : 3 : 2. Goodwill appeared in their books at a value of Rs. 80,000 and General Reserve at Rs. 40,000. Naveen decided to retire from the firm. On the date of his retirement, goodwill of the firm was valued at Rs. 1,20,000. The new profit-sharing ratio decided among Asha and Shalini is 2 : 3. Record necessary Journal entries on Naveen’s retirement. August 3, 2022