HSC Commerce (English Medium) १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Book Keeping and Accountancy

______ is credited when an unrecorded asset is brought into the business.

______ is credited when an unrecorded asset is brought into the business.

If the asset is taken over by the partner ______ account is debited.

If the asset is taken over by the partner ______ account is debited.

Write a word/phrase/term which can substitute the following statement.

An account opened to adjust the value of assets and liabilities at the time of admission of a partner.

Write a word/phrase/term which can substitute the following statement.

An account opened to adjust the value of assets and liabilities at the time of admission of a partner.

Write a word/phrase/term which can substitute the following statement.

An account that is debited when the partner takes over the asset.

Write a word/phrase/term which can substitute the following statement.

An account that is debited when the partner takes over the asset.

Write a word/phrase/term which can substitute the following statement.

Profit and Loss Account balance appearing on the liability side of the Balance Sheet.

Write a word/phrase/term which can substitute the following statement.

Profit and Loss Account balance appearing on the liability side of the Balance Sheet.

Find the Odd one.

Find the Odd one.

Find the Odd one.

Find the Odd one.

A and B are partners in a firm sharing profits and losses in the ratio of 1:1. C is admitted. A surrenders `1/4`th share and B surrenders `1/5`th of his share in favor of C. Calculate the new profit sharing ratio.

A and B are partners in a firm sharing profits and losses in the ratio of 1:1. C is admitted. A surrenders `1/4`th share and B surrenders `1/5`th of his share in favor of C. Calculate the new profit sharing ratio.

Anika and Radhika are partners sharing profits in the ratio of 5:1. They decide to admit Sanika in the firm for `1/5`th share. calculate the sacrifice ratio of Anika and Radhika

Anika and Radhika are partners sharing profits in the ratio of 5:1. They decide to admit Sanika in the firm for `1/5`th share. calculate the sacrifice ratio of Anika and Radhika

Pramod and Vinod are partners sharing profits and losses in the ratio of 3:2. After the admission of Ramesh the new ratio of Pramod, Vinod and Ramesh is 4:3:2. Find out the sacrifice ratio. 

Pramod and Vinod are partners sharing profits and losses in the ratio of 3:2. After the admission of Ramesh the new ratio of Pramod, Vinod and Ramesh is 4:3:2. Find out the sacrifice ratio.