Distinguish between ‘Dissolution of Partnership’ and ‘Dissolution of Partnership Firm’ on the basis of ‘Economic Relationship’. (C.B.S.E. 2016, Delhi) Post category:Accountancy Reading time:1 mins read SOLUTION Difference between Dissolution of Partnership and Dissolution of Partnership Firm: 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 PostHow is dissolution of partnership different from dissolution of partnership firm? (C.B.S.E. Sample Paper, 2018) Next PostDoes the change in profit sharing ratio result into dissolution of the partnership firm? Give reason in support of your answer. (C.B.S. E. 2017, Comptt) You Might Also Like Shiv, Mohan and Gopal are partners sharing profits and losses in the ratio of 2: 2: 1 respectively. Shiv is entitled to a commission of 10% on the net profit. Net profit for the year is Rs. 1,10,000. Determine the amount of commission payable to Shiv. October 11, 2022 Authorized capital of Suhani Ltd. is Rs. 45,00,000 divided into 30,000 shares of Rs. 150 each. Out of these company issued 15,000 shares of Rs. 150 each at a premium of Rs. 10 per share. the amount was payable as follows:Rs. 50 per share on application, Rs. 40 per share on allotment (including premium),Rs. 30 per share on first call and balance on final call Public applied for 14,000 shares. All the money was duly received. Prepare an extract of Balance Sheet of Suhani Ltd. as per Schedule III, Part I of the companies Act, 2013 disclosing the above information. Also prepare ‘Notes to Accounts ‘ for the same. July 13, 2022 Pass journal entries in the following cases: (a) Rohit Ltd. issued Rs. 40,000; 12% Debentures at a premium of 5% redeemable at par. (b) Virat Ltd. issued Rs. 40,000; 12% Debentures at a discount of 10% redeemable at par. (c) Rahul Ltd. issued Rs.40,000; 12% Debentures at par redeemable at 10% premium. (d) Prithvi Ltd. issued Rs. 40,000; 12% Debentures at a discount of 5% and redeemable at 5% premium. (e) Shikhar Ltd. issued Rs. 40,000; 12% Debentures at a premium of 10% redeemable at 110%. July 18, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Shiv, Mohan and Gopal are partners sharing profits and losses in the ratio of 2: 2: 1 respectively. Shiv is entitled to a commission of 10% on the net profit. Net profit for the year is Rs. 1,10,000. Determine the amount of commission payable to Shiv. October 11, 2022
Authorized capital of Suhani Ltd. is Rs. 45,00,000 divided into 30,000 shares of Rs. 150 each. Out of these company issued 15,000 shares of Rs. 150 each at a premium of Rs. 10 per share. the amount was payable as follows:Rs. 50 per share on application, Rs. 40 per share on allotment (including premium),Rs. 30 per share on first call and balance on final call Public applied for 14,000 shares. All the money was duly received. Prepare an extract of Balance Sheet of Suhani Ltd. as per Schedule III, Part I of the companies Act, 2013 disclosing the above information. Also prepare ‘Notes to Accounts ‘ for the same. July 13, 2022
Pass journal entries in the following cases: (a) Rohit Ltd. issued Rs. 40,000; 12% Debentures at a premium of 5% redeemable at par. (b) Virat Ltd. issued Rs. 40,000; 12% Debentures at a discount of 10% redeemable at par. (c) Rahul Ltd. issued Rs.40,000; 12% Debentures at par redeemable at 10% premium. (d) Prithvi Ltd. issued Rs. 40,000; 12% Debentures at a discount of 5% and redeemable at 5% premium. (e) Shikhar Ltd. issued Rs. 40,000; 12% Debentures at a premium of 10% redeemable at 110%. July 18, 2022