Rajshree Tutorials

Mehak and Ravish were partners in a firm. On dissolution of the firm, the loan given by Mehak to the firm was ₹30,000, by Ravish was ₹15,000, and by Mrs. Ravish was ₹10,000. The first payment will be made for:

8 hours ago | [YT] | 0

Rajshree Tutorials

S, T & W were partners in a firm. They admitted V as a new partner. S and T sacrifice 1/3rd & 1/4th of their share respectively in favour of V. Calculate the new profit-sharing ratio of S, T, W & V.

8 hours ago | [YT] | 1

Rajshree Tutorials

Which of the following items will not appear in a Partner's Fixed Capital A/c?

8 hours ago | [YT] | 0

Rajshree Tutorials

Assertion (A): Interest on capital to a partner is payable only out of profits.
Reason (R): Interest on capital is an appropriation of profits that is required to be provided irrespective of profits or loss

8 hours ago | [YT] | 0

Rajshree Tutorials

A, B and C are in partnership business. A used ₹2,00,000 belonging to the firm without the information to other partners and made a profit of ₹35,000 by using this amount. Which decision should be taken by the firm to rectify this situation?

1 day ago | [YT] | 0

Rajshree Tutorials

Capital invested in a firm is ₹5,00,000. Normal rate of return is 10%. Average profits of the firm are ₹64,000 (after an abnormal loss of ₹4,000). Value of goodwill at four times the super profits will be:

1 day ago | [YT] | 1

Rajshree Tutorials

Koval Ltd. is a financing company. Under which activity will the amount of interest
paid on a loan settled in the current year be shown?

1 day ago | [YT] | 1

Rajshree Tutorials

A transaction involving an increase in current ratio but no change in working
capital:

1 day ago | [YT] | 0

Rajshree Tutorials

Q.37 Net profit can be greater than Operating Profit when:

2 days ago | [YT] | 1

Rajshree Tutorials

Capital employed can be calculated by:

2 days ago | [YT] | 2