Partnership accounts

answered on 30-Nov-21 20:29

Sir can you tell me the probability of getting a question from partnership accounts and sale of partnership accounts for dec attempt

latest answer

From May'18 and onwards Icai is asking questions from partnership on alternative basis.Keeping other things unchanged, there is high probability you'll see question from Unit 1 on Dissolution. The above statement is subject to sans recourse.

satya nagulapalli

CA Inter

★ 150

3

322

Partnership sir please reply

answered on 04-Dec-21 13:55

In 2 point Malik is interested in goodwill only upto 48K means please explain sir

latest answer

good valuation restricted to 42000

Dhakshana Dhakshana

CFA L2

★ 18K+

2

245

Partnership please reply anyone

answered on 04-Dec-21 13:04

In (2) what does they mean by other assets and liability remained the same

latest answer

Assets other than Inventory, Debtors, investments, computers adn buildings are valued at old values

Dhakshana Dhakshana

CFA L2

★ 18K+

5

241

Please explain the underlying points

answered on 30-Nov-21 12:40

In point (c) already 2% provision is made Again they asked to increase it to 6% please help me with proper explanation

latest answer

In question they asked to increase to 6% not by any law or something. That's why you have to made provision for 6% from 2 %

Dhakshana Dhakshana

CFA L2

★ 18K+

2

291

As 29

answered on 30-Nov-21 12:20

Please someone explain the 3rd point Especially explain the term "remote".

latest answer

Remote meaning less likely to happen

Balaji R

CA Final

★ 20K+

1

282

Goodwill help me

answered on 30-Nov-21 06:33

In partnership treatment of Goodwill inside the balancesheet in partners capital account

latest answer

Thanks bro

Dhakshana Dhakshana

CFA L2

★ 18K+

9

310

Hire Purchase sales

answered on 29-Nov-21 20:49

Sir how this figure (â?¹57,300) got?? (illustration 8)

latest answer

Bad handwriting. The balance in vendor account after repossession is is rupees 57300. And it paid after

Bismi Hameed

CA Final

★ 7K+

3

295

Sir please reply Regarding goodwill calculations

answered on 01-Dec-21 17:07

For 2014 what should I do with insurance climb received +or- with profits and reason for doing so Same for 2015,16 please explain

latest answer

Okiii thanks

Dhakshana Dhakshana

CFA L2

★ 18K+

13

296

Partnership accounts help me

answered on 03-Dec-21 22:50

Please tell me how to solve question 4

latest answer

new profit sharing ratio 2:2:1 spinny has to bring 36300 as capital. balane sheet amount wil be 521800 Mascow =201000 Danial =171000 Spinny =36300

Dhakshana Dhakshana

CFA L2

★ 18K+

1

386

Please reply

answered on 29-Nov-21 14:36

If I bring cash as a capital to business 5000 Then in balance sheet Asset side as cash 5000 same in liability side capital as 5000 Now if I get a loan for business for further capital should I show this as loan or capital??

latest answer

Thanks sir

Dhakshana Dhakshana

CFA L2

★ 18K+

2

289