OMTEX CLASSES

ADMISSION OF PARTNER

1. The Balance Sheet of Rajkumar and Rajendra kumar as on

31st March, 2012 is set out below, they share profits and losses

in the ratio of 2:1.

2. Mrs. Shehal and Mrs. Meenal are equal partners in a

business. Their balance sheet is as follows.

3. The Balance Sheet of Ramakant and Shyamkant who shared

the profits in the ratio of 2:1 is as under:

4. Snehal and Meenal are equal partners in a business. Their

Balance Sheet is as follows:

5. Suresh and Ramesh are partners in a business sharing profits

and Losses in the ratio of 2:1 respectively. Their Balance Sheet

as on 31st March, 2013 is as follows:

6. Following is the balance sheet of Harish and Girish:

7. Keshav and Madhav were partners sharing profits and losses

in the ratio of 2:3.

8. Raj and Dev are partners sharing profits and losses 3:2

respectively. Their position on 31 st March, 2011 is as follows:

OMTEX CLASSES

9. Amol and Abhijeet share Profits and Losses in the ratio of

3:2 in partnership firm. Their Balance Sheet as on 31st March,

2012 was as under.

10. Rajan & Padam are equal partners in a business. Their

Balance Sheet as on 31st March, 2012 stood as under.

11. The following is the Balance Sheet of the firm Sangam

Traders as on 31st March, 2012. Ganga and Yamuna are the

partners of the firm who share profits and losses in the ratio of 3

: 2 respectively.

12. Ram, Shyam and Bharat were partners sharing profits and

losses in the ration of 2:3:3 respectively. Their Balance Sheet on

31st March, 2012 was as follows.

13. Veena and Leela of Udgir are equal partners in a business.

Their Balance Sheet as on 31st March, 2012 stood as under.

14. Raja and Rani were partners sharing profits and losses in

proportion of their capitals. Their Balance Sheet on 31st March,

2012 was as under: Balance Sheet as on 31st March, 2012.

OMTEX CLASSES

15. The following is the Balance Sheet of Shubha and Leena of

Aurangabad who share profits in the ration 3:2 respectively as

on 31.03.2012. [Ans.]

16. Madhu and Amar are partners in a firm sharing profits and

losses in the proportion of 3/5 and 2/5 respectively. Their

Balance Sheet as on 31st March, 2012 was as follows: [Ans. ]

17. Manish and Nitin are partners in a firm sharing Profits and

Losses in the ratio of 3:1. Their Balance Sheet as on 31st March,

2012 was as follows: [Ans]

18 the balance sheet of Shrihas and Madan as on 31st March,

2012 is set out below, they share profits and losses in the ratio of

2:1.

19. Nandkishor and Nandlal are in partnership sharing profits

and losses in the proportion of ¾ and ¼ respectively. Their

Balance Sheet as on 31st March, 2014 was as under.

20. Ranade and Kanade were partners and shared the profits in

the ratio of 3/5 th and 2/5th. On 31st March, 2014 their Balance

Sheet was as follows.

21. Amar and Akbar are the partners in a business sharing

OMTEX CLASSES

profits and losses in the ratio 3:2 respectively. Their Balance

Sheet as on 31st March, 2012 stood as under.

22. The following is the Balance Sheet of M/s Sukhadeo and

Hanumant on 31st March, 2012. They share profits and losses in

the proportion of 3/5 and 2/5 respectively.

23. Sharad and Pankaj sharing profits in proportion of 3/5 and

2/5 respectively admit Nilesh into partnership on 1st April 2012

giving him ¼ share in profits on his agreeing to bring Rs. 10000

as capital. The old Partners guarantee the assets and liabilities as

per the Balance Sheet given below.

24. The following is the Balance Sheet of Ram and Laxman

who share profits in the ratio 3:2 respectively as on 31st March,

2012.

25. Mr. Baba and Mr. Kaka were in partnership sharing profits

and losses in the proportion of 3:2 respectively. Their Balance

Sheet as on 31st March, 2012 stood as follows:

26. Following is the Balance Sheet of Dhiraj and Niraj who

shared profits and losses equally: