How much amount will be paid to A, if his opening capital is Rs. 2,00,000 and his share of realisation profit amounts to Rs. 10,000 and he has taken over assets valuing Rs. 25,000 from the firm? Post category:Accountancy Reading time:1 mins read SOLUTION Rs. 1,85,000 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 PostP, a partner, is to bear all expenses of realisation for which he is to be paid Rs. 2,000. P had to pay realisation expenses of Rs. 2,500. How much amount will be debited to Realisatio Account? Next PostTotal creditor amount to Rs. 5,00,000. Investments valued Rs. 2,00,000 were not shown in the hooks. One of the creditors took over these investments in full satisfaction of his debt of Rs. 2,20,000. Remaining creditors were paid at 5% discount. Pass entry for payment. You Might Also Like What share of profits would a ‘sleeping partner’ who has contributed 75% of the Total Capital get in the absence of a deed? September 26, 2022 What is meant by ‘Gaining Ratio’ on retirement of a partner? September 27, 2022 One of the partners in a partnership firm has withdrawn Rs. 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum. July 21, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
What share of profits would a ‘sleeping partner’ who has contributed 75% of the Total Capital get in the absence of a deed? September 26, 2022
One of the partners in a partnership firm has withdrawn Rs. 9,000 at the end of each quarter, throughout the year. Calculate interest on drawings at the rate of 6% per annum. July 21, 2022