If X's share of profit was to be calculated on the basis of Average Profit of the last three years, which were ₹ 1,36,000 for 2018-19, ₹ 1,54,000 for 2019-20 and ₹1,00,000 for 2020-21. X's share of profit for the period from 1st April, 2020 to June 30, 2020 shall be calculated on the basis of Average Profit. The profit sharing ratio is 4:5:1 between X, Y and Z. His share of profit will be:

On 01.04.2022 X and Y decided to dissolve their firm. On the date of dissolution, Goodwill appeared at ₹5,00,000 in the Balance Sheet. Goodwill will be:

Raman and Naman were in partnership sharing profit and losses in 3:2. Their partnership firm was dissolved on 31st March 2022. On the date of dissolution, Naman's Loan was ₹ 20,000. Naman agreed to take stock (already transferred to realisation A/c) of ₹15,000 at ₹18,000 and bala…

Which among the following are the modes of dissolution? (A) Dissolution by nature (B) Compulsory Dissolution (C) Dissolution by Agreement (D) Dissolution by Notice Choose the correct answer from the option given below:

A firm is dissolved, Param, a partner is to carry out dissolution for which he will get ₹ 5,000, including expenses. Realisation expenses were ₹ 2,500. Realisation Account will be debited by:

On death of a partner, his share in the profits of the firm till the date of this death is transferred to the:

X, Y and Z are partners who decided to dissolve their firm. Realisation expenses were to be borne by Y for which he was to be given remuneration of ₹ 10,000. Actual expenses were ₹ 12,000. How much amount will be transferred to Y's Capital A/c for it?

What will be share of deceased partner, whose ratio was \(\frac{1}{4}\), if the turnover in year of death till the date of death was ₹8,00,000 and in previous year was ₹20,00,000? Profit in previous year was ₹ 4,00,000.

Following amounts were payable on issue of shares by a company: ₹3 on application, ₹3 on allotment, ₹2 on first call and ₹2 on final call. X holding 500 shares paid only application and allotment money whereas Y holding 400 shares did not pay final call. Amount of Calls in arrear…