Name the asset that is not transferred to the debit side of Realisation Account, but brings certain amount of cash against its disposal at the time of dissolution of the firm. Post category:Accountancy Reading time:1 mins read SOLUTION Unrecorded Asset. 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 PostFixed Assets appear in the Balance Sheet of a firm at Rs. 52,000. They realised at a loss of 4% on net collection. State the amount collected from such assets. Next PostState any two grounds on the basis of which court may order for the dissolution of partnership firm. (C.B.S.E. 2019, Kerala) You Might Also Like Mita and Usha are partners in a firm sharing profits in the ratio of 2 : 3. Their Capital Accounts as on 1st April, 2015 showed balances of Rs. 1,40,000 and Rs. 1,20,000 respectively. The drawings of Mita and Usha during the year 2015-16 were Rs. 32,000 and Rs. 24,000 respectively. Both the amounts were withdrawn on 1st January 2016. It was subsequently found that the following items had been omitted while preparing the final accounts for the year ended 31st March, 2016: (a) Interest on Capital @ 6% p.a. (b) Interest on Drawings @ 6% p.a. (c) Mita was entitled to a commission of Rs. 8,000 for the whole year. Showing your working clearly, pass a rectifying entry in the books of the firm. July 22, 2022 Leena and Rohit are partners in a firm sharing profits in the ratio of 3: 2. On 31st March, 2018, their Balance Sheet was as follows: November 5, 2022 What will be the Operating Profit Ratio, if Operating Ratio is 82.59%? August 17, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Mita and Usha are partners in a firm sharing profits in the ratio of 2 : 3. Their Capital Accounts as on 1st April, 2015 showed balances of Rs. 1,40,000 and Rs. 1,20,000 respectively. The drawings of Mita and Usha during the year 2015-16 were Rs. 32,000 and Rs. 24,000 respectively. Both the amounts were withdrawn on 1st January 2016. It was subsequently found that the following items had been omitted while preparing the final accounts for the year ended 31st March, 2016: (a) Interest on Capital @ 6% p.a. (b) Interest on Drawings @ 6% p.a. (c) Mita was entitled to a commission of Rs. 8,000 for the whole year. Showing your working clearly, pass a rectifying entry in the books of the firm. July 22, 2022
Leena and Rohit are partners in a firm sharing profits in the ratio of 3: 2. On 31st March, 2018, their Balance Sheet was as follows: November 5, 2022