Question : A, B and C were partners sharing profits in the ratio of 5: 3: 2. On 31st March, 2020, A's Capital and B's Capital were Rs. 30,000 and Rs. 20,000 respectively but C owed Rs. 5,000 to the firm. The liabilities were Rs. 20,000.
Question:
If

Question : In settlement of partner's loan of Rs 60,000 to the firm, A furniture not appearing In the books is taken over by her agreed value of Rs 70,000 . Journal entry would be

Question : In settlement of partner's loan of Rs 60,000 to the firm, A furniture not appearing In the books is taken over by her agreed value of Rs 70,000 . Journal entry would be

Question : Adiraj and Karan were partners in a firm sharing profits and losses in the ratio 3: 2. On 31st March 2018 the firm was dissolved. After the transfer of assets (other than cash in hand and at the bank) and third-party liabilities to the Realization Account, the following

Question : Akash, Naveen and Zaid are partners sharing profits in the ratio of 3: 2: 2. Zaid died on 1 st September 2016, The total amount owed by the firm to his executors was Rs. 60,000. The firm decided to pay him in three equal annual instalments carrying interest @ 6% p.a. beginning