State with reason whether at the time of Admission of a Partner, partnership is dissolved or partnership firm is dissolved. (A1 2013) Post category:Accountancy Reading time:1 mins read SOLUTION Partnership is dissolved not the partnership firm since the firm continues to carry on its business. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostWhat is the effect of admission of a new partner on Partnership? Next PostState any one right acquired by a newly admitted partner. (CBSE 2020 C) You Might Also Like Tom and Harry were partners in a firm sharing profits in the ratio of 5: 3. During the year ended 31st March, 2015 Tom had withdrawn Rs. 40,000. Interest on his drawings amounted to Rs. 2,000. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating. (AI 2016) October 7, 2022 Following was the Balance Sheet of A and B who were sharing profits in the ratio of 2 : 1 as at 31st March, 2019: August 1, 2022 P, Q and R share profits in the ratio of 5: 4: 3. R retires and the new ratio is 5: 3. If is given Rs. 6,000 as goodwill, what will be the journal entry? September 27, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Tom and Harry were partners in a firm sharing profits in the ratio of 5: 3. During the year ended 31st March, 2015 Tom had withdrawn Rs. 40,000. Interest on his drawings amounted to Rs. 2,000. Pass necessary Journal entry for charging interest on drawings assuming that the capitals of the partners were fluctuating. (AI 2016) October 7, 2022
Following was the Balance Sheet of A and B who were sharing profits in the ratio of 2 : 1 as at 31st March, 2019: August 1, 2022
P, Q and R share profits in the ratio of 5: 4: 3. R retires and the new ratio is 5: 3. If is given Rs. 6,000 as goodwill, what will be the journal entry? September 27, 2022