12th commerce BK admission of a partner problems and solutions pdf | Practical Problems NO. 10

 Chapter .3

Admission of Partner

Books Page No. 166

Practical Problems NO. 10

10. The following is the Balance Sheet of Om and Jay on 31st March 2018, they share profits and losses in the ratio 3:2

 They take Jagdish into partnership on 1st April 2018 the terms being

1. Jagdish should pay 3,000 as his share of Goodwill. 50% of goodwill withdrawn by partners in cash.

2. He should bring 9,000 as capital for 1/4th share in future profits.

3. Building to be valued at 18,000, Machinery and Furniture to be reduced by 10%

4. A Provision of 5% on debtors to be made for doubtful debts.

5. Stock is to be taken at the value of 15,000.

Prepare profit and loss A/c, Partner’s Current A/c, Balance Sheet of the new firm.

ANS:

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More 12 STD Chapter .3 Admission of Partner

Practical Problems link

 

Practical Problems. 1

https://www.surajpateleducation.com/2022/11/admission-of-partner-12th-commerce.html

 

Practical Problems. 2

https://www.surajpateleducation.com/2022/11/12th-accounts-chapter-3-practical.html

 

Practical Problems. 3

https://www.surajpateleducation.com/2022/11/admission-of-partner-12th-commerce_2.html

 

Practical Problems. 4

https://www.surajpateleducation.com/2022/11/12th-commerce-book-keeping-accountancy.html

 

Practical Problems. 5

https://www.surajpateleducation.com/2022/11/accountancy-class-12-admission-of.html

 

Practical Problems. 6

https://www.surajpateleducation.com/2022/11/accountancy-class-12-admission-of_10.html

 

Practical Problems. 7

https://www.surajpateleducation.com/2022/11/important-questions-of-admission-of.html

 

Practical Problems. 8

https://www.surajpateleducation.com/2022/11/solutions-class-12-admission-of-partner.html

 

Practical Problems. 9

https://www.surajpateleducation.com/2022/11/admission-of-partner-12th-commerce-book.html

 

Practical Problems. 10

https://www.surajpateleducation.com/2022/11/12th-commerce-bk-admission-of-partner.html

 

 

12 STD Partnership Final Accounts

Illustrations Problems Link

 

Illustrations No.1

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and.html

 

Illustrations No.2

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_16.html

 

Illustrations No.3

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_45.html

 

Illustrations No.4

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_23.html

 

Illustrations No.5

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_37.html