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प्रश्न
Anjali and Nithya are partners of a firm sharing profits and losses in the ratio of 5 : 3. They admit Pramila on 1.1.2018. On that date, their balance sheet showed an accumulated loss of ₹ 40,000 on the asset side of the balance sheet. Give the journal entry to transfer the accumulated loss on admission.
उत्तर
| Date | Particulars | L.F. | Debit (₹) |
Credit (₹) |
| Anjali Capital A/c ........Dr. Nithya Capital A/c .........Dr. To Profit and Loss A/c (Accumulated loss distributed to old partners in old profit ratio) |
25,000 15,000 - |
- - 40,000 |
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संबंधित प्रश्न
Akash, Mugesh and Sanjay are partners in a firm sharing profits and losses in the ratio of 3:2:1. Their balance sheet as on 31st March, 2017 is as follows:
| Liabilities | ₹ | ₹ | Assets | ₹ |
| Capital accounts: | 1,30,000 | Buildings | 1,10,000 | |
| Akash | 40,000 | Vehicle | 30,000 | |
| Mugesh | 60,000 | Stock in trade | 26,000 | |
| Sanjay | 30,000 | Debtors | 25,000 | |
| Profit and loss appropriation A/c |
12,000 | Cash in hand | 15,000 | |
| General reserve | 24,000 | |||
| Workmen compensation fund | 18,000 | |||
| Bills payable | 22,000 | |||
| 2,06,000 | 2,06,000 |
Pass journal entry to transfer accumulated Profit and prepare the capital account of the partners.
Oviya and Kavya are partners in a firm sharing profits and losses in the ratio of 5 : 3. They admit Agalya into the partnership. Their balance sheet as on 31st March, 2019 is as follows:
Balance Sheet as on 31st March 2019
| Liabilities | ₹ | ₹ | Assets | ₹ |
| Capital accounts: | Buildings | 40,000 | ||
| Oviya | 50,000 | Plant | 50,000 | |
| Kavya | 40,000 | 90,000 | Furniture | 30,000 |
| Profit and loss appropriation A/c | 40,000 | Debtors | 20,000 | |
| General reserve | 8,000 | Stock | 10,000 | |
| Workmen’s compensation fund | 12,000 | Cash | 20,000 | |
| Sundry creditors | 20,000 | |||
| 1,70,000 | 1,70,000 |
Pass journal entry to transfer the accumulated profits and reserve on admission.
Securities Premium Reserve is shown on the liabilities side of the Balance Sheet under the head:
Accumulated losses at the time of dissolution are transferred to ______.
Pick the odd one out:
Journal Entry to be passed in case of loss on adjustment transferred to Partner's Current Accounts is:
Rani and Sumi are partners in a ratio of 1 : 2. Before profit distribution, Rani is entitled to 5% commission of the net profit (before charging such commission). Before charging the commission, firm's profit was ₹ 60,000. Sumi's share in profit will be:
Ram, Rahim and Robert entered into partnership in the profit-sharing ratio of 2 : 3 : 5. Robert guaranteed Ram ₹ 90,000 of profit every year and if there is less he will be reimbursed the deficient amount by him and Rahim in the ratio of 2 : 3. The profit for the year ending March 2021 was ₹ 4,00,000. How much money does Rahim have to give to Ram?
