Question

2. Salary Rs 20,000, Outstanding salary Rs10,000. Calculate the salary to be
debited to Income and expenditure account
3. Find new profit sharing ratio of the partners A, B and C if A and B are equal
partners and they admitted C with 1/7 share in partnership
4. X, Y and Z share profit as ", 3/10 and 1/5 and z has expired. Find the new
profit ratio of X and
5. Calculate current ratio : Current assets Rs 6,00,000 and Current liabilities
Rs2,00,000
(B) Write the word / phrase/ term which can substitute each of the following
statement:
5 Marks
1. Process of entering the name of the partnership firm in the register of
registrar
2. The form of organisation providing services to the society only
3. Method under which calculation of goodwill is done on the basis of extra
profit earned above the normal profit
4. Winding up of partnership business
5. Amount called up on shares by the company but not received
(C) Complete the following sentences 5 Marks
1. Liabilities of partners in partnership firm is
2. In receipt and payment account the summary of
transactions are​

Answer 1

Answer:

30000..00....

Explanation:

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Answer 2

Answer:

wages rs 20,000 outstanding wages rs 2,000 calculate the wages to be debited to Trading account