In the absence of partnership deed, what is the ratio in which the profits of a firm are divided among the partners? Post category:Accountancy Reading time:1 mins read SOLUTION Equally. 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 PostIs a sleeping* partner liable to the acts of other partners? Next PostIn the absence of partnership deed, at which rate interest is allowed on a partner’s loan? You Might Also Like Mohit Ltd. issued 2,000; 9% Debentures of Rs. 100 each on the following terms: Rs.20 on applications; Rs. 20 on allotment; Rs. 30 on first call; Rs. 30 on final call. The public applied for 2,400 debentures. Applications for 1,800 debentures were accepted in full. Applications for 400 debentures were allotted 200 debentures and applications for 200 debentures were rejected. Pass necessary Journal entries. July 16, 2022 Dividend paid by a finance company is classified under which kind of activity while preparing Cash flow statement? (C.B.S.E. 2019) October 6, 2022 A, B and C who are presently sharing profits and losses in the ratio of 5: 3: 2 decide to share future profits and losses in the ratio of 2: 3: 5. Give the journal entry to distribute ‘Investments Fluctuation Reserve’ of Rs. 20,000 at the time of change in profit-sharing ratio, when investment (market value Rs. 95,000) appears in the books at Rs. 1,00,000. October 28, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Mohit Ltd. issued 2,000; 9% Debentures of Rs. 100 each on the following terms: Rs.20 on applications; Rs. 20 on allotment; Rs. 30 on first call; Rs. 30 on final call. The public applied for 2,400 debentures. Applications for 1,800 debentures were accepted in full. Applications for 400 debentures were allotted 200 debentures and applications for 200 debentures were rejected. Pass necessary Journal entries. July 16, 2022
Dividend paid by a finance company is classified under which kind of activity while preparing Cash flow statement? (C.B.S.E. 2019) October 6, 2022
A, B and C who are presently sharing profits and losses in the ratio of 5: 3: 2 decide to share future profits and losses in the ratio of 2: 3: 5. Give the journal entry to distribute ‘Investments Fluctuation Reserve’ of Rs. 20,000 at the time of change in profit-sharing ratio, when investment (market value Rs. 95,000) appears in the books at Rs. 1,00,000. October 28, 2022
