Commerce with Krishna
Commerce with Krishna
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A, B and C were partners in a firm sharing profit and losse in the ratio of 1/2:1/3:1/4. D was admit
A, B and C were partners in a firm sharing profit and losses in the ratio of 1/2:1/3:1/4. D was admitted in the firm for 1/6th share. C would retain his original share. The new profit sharing ratio will be:
New profit sharing ratio
Admission of a partner
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Consistency Concept (Accounting Principles)
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The current ratio of a company is 2.5:1. Which of the following suggestions would improve, reduce and not change it: 1. Payment to trade payables 2. Sell machinery against cheque 3. Sale of inventory at loss on credit 4. Cash collected from trade receivables 5. B/R dishonoured 6. Issue of shares 7. Issue of shares against the purchase of a building 8. Redemption (repayment) of debentures 9. Pur...
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