Ultimate Book of Accountancy Class 12 Part A Solutions - Death of Partner You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: Calculation of Share of Profit of Deceased partner: 28,000 + 32,000 + 36,000 = 96,000/3 = 32,000 32,000 x 6/12 = 16,000 x 1/5 = 3,200 Solution 2: Percentage of last year’s profit = 5,000/50,000 x 100 = … [Read more...]
Ultimate Book of Accountancy Class 12 Part A Solutions – Retirement
Ultimate Book of Accountancy Class 12 Part A Solutions - Retirement You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: (a) New share when X retires = 2:1 New share when Y retires = 2:1 New share when Z retires = 1:1 (b) Rohan's share 5/20 this share is taken by Sandeep and Mukesh equally 5/20 x 1/2 = 5/40 OR 1/8 New share of … [Read more...]
Ultimate Book of Accountancy Class 12 Part A Solutions – Admission of Partner
Ultimate Book of Accountancy Class 12 Part A Solutions - Admission of Partner You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: Let the profit be = 1 Share of new partner = 1/10 Remaining profit = 1 - 1/10 = 9/10 William new share = 3/4 x 9/10 = 27/40 Andrew = 1/4 x 9/10 = 9/40 Colin = 1/10 x 4/4 = 4/40 Solution 2: Green's … [Read more...]
Ultimate Book of Accountancy Class 12 Part A Solutions – Reconstitution of Partnership
Ultimate Book of Accountancy Class 12 Part A Solutions - Reconstitution of Partnership You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: Old Share = 1 : 1 : 1 New Share = 5 : 3 : 2 Calculation of Sacrifice/Gain Share = Old share - new share X = 1/3 - 5/10 = 5/30 Gain Y = 1/3 - 3/10 = 1/30 Sacrifice Z = 1/3 - 2/10 = 4/30 … [Read more...]
Ultimate Book of Accountancy Class 12 Part A Solutions – Basics of Partnership
Ultimate Book of Accountancy Class 12 Part A Solutions - Basics of Partnership You can buy this text book from here: http://amzn.to/2s2YSxN Practical Problems Solution 1: Solution 2: Solution 3: Solution 4: Solution 5: Solution 6: Solution 7: Solution 8: Solution 9: Solution 10: Case 1: Case 2: Case 3: Solution … [Read more...]