State any one occasion for the dissolution of the firm on Court’s orders. (Delhi 2017 C) Post category:Accountancy Reading time:1 mins read SOLUTION (i) Persistent breach of agreement by a partner.(ii) Insanity of a partner.(iii) Permanent incapacity of a partner. 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 PostState any two grounds on the basis of which the Court may order for dissolution of a partnership firm. (CBSE 2019) Next Post‘Complete the following Statement’: When a liability is discharged by a partner, at the time of dissolution, Capital Account is credited because__. (C.B.S.E. Sample Paper 2019) You Might Also Like Amit and Bramit started business on 1st April, 2018 with capitals of Rs. 15,00,000 and Rs. 9,00,000 respectively. On 1st October, 2018, they decided that their capitals should be Rs. 12,00,000 each. The necessary adjustments in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% p.a. Compute interest on capital for the year ended 31st March, 2019. July 21, 2022 Provision for Depreciation Rs. 65,000; Provision for Doubtful Debts Rs. 30,000; and Provident Fund Rs. 1,50,000 has been transferred to the Credit side of Realisation Account. For which item payment is to be made by the firm? September 27, 2022 State with reason, whether the Proprietary Ratio will improve, decline or will not change because of the following transactions if Proprietary Ratio is 0.8: 1: (i) Obtained a loan of Rs. 5,00,000 from State Bank of India payable after five years. (ii) Purchased machinery of Rs. 2,00,000 by cheque. (iii) Redeemed 7% Redeemable Preference Shares Rs. 3,00,000. (iv) Issued equity shares to the vendor of building purchased for Rs. 7,00,000. (v) Redeemed 10% redeemable debentures of Rs. 6,00,000. August 13, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Amit and Bramit started business on 1st April, 2018 with capitals of Rs. 15,00,000 and Rs. 9,00,000 respectively. On 1st October, 2018, they decided that their capitals should be Rs. 12,00,000 each. The necessary adjustments in capitals were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% p.a. Compute interest on capital for the year ended 31st March, 2019. July 21, 2022
Provision for Depreciation Rs. 65,000; Provision for Doubtful Debts Rs. 30,000; and Provident Fund Rs. 1,50,000 has been transferred to the Credit side of Realisation Account. For which item payment is to be made by the firm? September 27, 2022
State with reason, whether the Proprietary Ratio will improve, decline or will not change because of the following transactions if Proprietary Ratio is 0.8: 1: (i) Obtained a loan of Rs. 5,00,000 from State Bank of India payable after five years. (ii) Purchased machinery of Rs. 2,00,000 by cheque. (iii) Redeemed 7% Redeemable Preference Shares Rs. 3,00,000. (iv) Issued equity shares to the vendor of building purchased for Rs. 7,00,000. (v) Redeemed 10% redeemable debentures of Rs. 6,00,000. August 13, 2022