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Partnership Accounting Exercises

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Govind Kanodia
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10 views2 pages

Partnership Accounting Exercises

Uploaded by

Govind Kanodia
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

[29/06, 11:28 am] Govind Kanodia: A, B and C are partners sharing profit in

the ratio of 2:2:1 respectively. They admitted D for 1/6 th share in the firm.
Calculate the sacrificing ratio.

2:2:1

2:1:1

1:2:2

1:1:2

X, Y and Z are partners sharing profits in the ratio of 5:4:3. They admitted W
as partner for 1/7th share in the profit which he acquires equally from old
partners. Calculate the sacrificing ratio.

5:4:3

3:4:5

1:1:1

None

[29/06, 11:35 am] Govind Kanodia: P, Q and R are partners sharing profit and
loss in the ratio of 3:2:1. What is the new ratio when Q retires?

3:1

2:1

3:1

1:1

A, B, C and D were partners in a form sharing profit and losses in the ratio of
3:2:1:4. D decided to the tire from the firm and his shares acquired by old
partner in the ratio of 1:2:3. Calculate the gaining ratio of old partners.

3:2:1

1:2:3

1:1:1

None
[29/06, 11:37 am] Govind Kanodia: Mention any two items that a retiring
partner is entitled to get.

Define gaining ratio.

[29/06, 11:46 am] Govind Kanodia: What are the adjustments required on the
retirement of a partner from the form?

[29/06, 11:49 am] Govind Kanodia: Long

How would you calculate the amount payable to the representative of


deceased partner.

Or

Illus 36 in edited form

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