Admission of partner 12th commerce practical problems solutions | Practical Problems NO. 1

 Chapter .3

Admission of Partner

Books Page No. 161

Practical Problems NO. 1

1. Vikram and Pradnya share profits and losses in the ratio 2:3 respectively. Their balance sheet as on 31st March 2018 was as under.

They agreed to admit Avani as a partner on 1st April 2018 on the following terms:

1 Avani shall have 1/4th share in future profits.

2. He shall bring ₹ 37,500 as his capital and ₹ 30,000 as his share of goodwill.

3. Land and building to be valued at ₹ 45,000 and furniture to be depreciated by 10%.

5. Provision for bad and doubtful debts is to be maintained at 5% on the Sundry Debtors.

6. Stocks to be valued ₹ 82, 500.

The capital A/c of all partners to be adjusted in their new profit and loss ratio and excess amount be transferred to their loan accounts.

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