12th commerce book keeping & accountancy solutions | Practical Problems NO. 4

 Chapter .3

Admission of Partner

Books Page No. 163

Practical Problems NO. 4

4. Mr. Deep & Mr. Karan were in Partnership sharing Profits & Losses in the proportion of 3:1 respectively. Their Balance Sheet On 31st March 2018 Stood as follows.

They admit Shubham into Partnership on 1 April, 2018 The term being that :

1. He shall have to bring in ₹ 20,000 as his capital for 1/5 Share in future profits & 10,000 as his share of Goodwill.

2. A Provision for 5% doubtful debts to be created on Sundry Debtors.

3. Furniture to be depreciated by 20%

4. Stock should be appreciated by 5% and Building be appreciated by 20%

5. Capital A/c of all partners be adjusted in their new profit sharing ratio through cash account.

Prepare Profit and Loss Adjustment A/c , Partner’s capital A/c, Balance sheet of 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