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9)(2/9)EXPLANATION:you are going to add all the set if NUMBER and TEN you are going to calculate all the NUMBERS and you are going to get the answer for the question

5 : 2Explanation:Before we go for the QUESTION, we know that :*1/2 + 3/10 + 1/5 = 1So their ratio is :→ (5 / 10) : (3 / 10) : (2 / 10) = 5 : 3 : 2.But Y retires from the firm.We know that :→ (Profit Of X) : (Profit Of Z) = 5 : 2.So the answer is 5 : 2.If this HELPS, then mark as brainliest answer.It MEANS a lot.

ning ratio is 21 : 11Explanation:Given,Kangli, Mangli and Sanvali are partners sharing profits in the ratio of 4 : 3 : 2.Old Ratio between Kangli, Mangli and Sanvali =4: 3: 2Mangli and Sanvali will share profits in future in the ratio of 5 : 3New Ratio between Mangli and Sanvali =5: 3Calculation of GAIN:The gaining ratio will be calculated USING the formulaGaining Ratio = New Ratio - Old Ratio Mangli's (Gain)Sanvali's (Gain)Gaining Ratio (Mangli's and Sanvali's) or 21 : 11Thus, the Gaining Ratio of Mangli's and Sanvali's will be 21 : 11

ning ratio is 3 : 1Explanation:Given,A, B and C were PARTNERS SHARING profits in the ratio of 4 : 3 : 2Therefore, the Old Ratio ( A, B and C) = 4: 3: 2The NEW Ratio formed is ( B and C ) = 2 : 1 The formula for obtaining the gaining ratio is given asGaining Ratio = New Ratio - Old Ratio B's share  (Gain) C's share (Gain)Therefore, the Gaining Ratio (B and C) = 3 : 1

profit-sharing ratio is CALCULATED below:EXPLANATION:Old Ratio R, S and M=2: 2: 1M's Profit share After M RETIRED from the firm, his share that was taken by R and S = 1: 2M's Share taken by R M's Share taken by S New Ratio = Old Ratio + M's Share taken by New Profit (R and S) =7: 8Thus, the new profit-sharing ratio of R and S will be 7 : 8.

tion:What is a profit and loss account?A profit and loss account shows a company’s revenue and expenses over a particular PERIOD of time, typically either one MONTH or consolidated months over a year. These figures show whether your business has made a profit or a loss over that time period.Profit and loss accounts show your total income and expenses, and also shows whether your business has earned more income than it has spent on its running costs. If that is the case, then your business has made a profit.The profit and loss account represents the profitability of a business. It cannot, for example, show you if you are running out of cash as you build stock. For this sort of insight, you’ll need a balance sheet.The profit and loss account is also known as a P&L report, an income statement, a statement of operation, a statement of financial results, or an income and expense statement.What does a profit and loss account include?A profit and loss account will include your credits (which INCLUDES turnover and other income) and deduct your debits (which includes allowances, cost of sales and overheads). These are used to find your bottom line figure – either your net profit or your net loss.What is a profit and loss account used for?The profits shown in your profit and loss account are used to calculate both income tax and corporation tax. Failure to file either of these correctly can result in you paying added interest and PENALTIES, so it’s important to get this report right.The P&L account takes revenues into account for a specific period. It also records any expenses or costs incurred by these revenues, such as depreciation and taxes.This can be used show investors and other interested parties whether or not the company made money during the period being reported.Profit and loss account terms explainedWhat is net income? This is your income minus the cost of goods sold, expenses and taxes.What is gross profit? This is your total revenue / sales, minus the cost of those goods sold.What is operating profit? This is the profit you have after operating expenses (LIKE rent) are deducted from gross profit. It doesn’t include interest or tax deductions.What is net profit? This is your actual profit. It’s the amount you’re left with after remaining working expenses are deducted from gross profit.Calculating net profitTo calculate net profit, follow this path:Deduct discounts and allowances from your gross income (excluding VAT) to get your net income.Deduct the cost of sales from your net incomes to find your gross profit.Deduct overheads from your gross profit to get your operating profit.Deduct any other expenses from your operating profit (plus any other income) to find your profit before tax.Deduct tax to reach your net profit or net loss.hope u liked it please mark my ans as the brainliest

fit-sharing ratio of the partners are GIVEN below:Explanation:(A)Old ratio Shiv, Mohan and HARI = 5 : 5 : 4Mohan's Profit share = Mohan's share is divided EQUALLY between Shiv and Hari in the ratio = 1 : 1Calculation of Mohan's share taken by his partnersMohan's share taken by ShivMohan's share taken by HariNew Profit Share = Old profit share + Mohan's Share taken by Shiv's NEW share Hari's New shareNew Profit share Shiv and Hari (B)Old Ratio P, Q and R = 5 : 4:1P's profit share Since, no information is given as to how Q and R are acquiring P's profit after his retirement, therefore the new profit sharing ratio between Q and R is calculated simply by crossing out P's shareNew Profit Ratio (Q and R) = 4 : 1

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1/2 +2/3=1231425.Explanation:ANSHIKA NE BHABHI

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A balance sheet is a FINANCIAL statement that reports a COMPANY's ASSETS, liabilities and shareholders' equity at a SPECIFIC point in TIME, and provides a basis for computing rates of return and evaluating its capital structure.Revaluation of assets: Building ₹ 18,000; Stock ₹ 16,000.

tion:Working Notes:Working Notes 1:Working Notes 2:DISTRIBUTION of PREMIUM for GoodwillMohan will get Sohan will get Working Notes 3:Distribution of Revaluation ProfitMohan's Share Sohan's Share Working Notes 4:CALCULATION Robins CapitalCombined Capital of Mohan and Sohan after all the adjustments Total Capital of the firm on the BASIS of Combined Capital of Mohan and Sohan Rohan's Capital

tion:WORKING Notes:Working Notes 1: :    Sacrificing Ratio = Old Ratio - New Ratio = = Leander ACQUIRES his share of Profit from Pradeep only. Therefore amount of Goodwill brought by Leander will be taken by Pradeep aloneWorking Notes 2:DISTRIBUTION of Revaluation Profit = = Working Notes 3:Distribution of RESERVE fund = = Working Notes 4:Calculation of Leander's CapitalCombined Capital of Pradeep and Dhanraj after all ADJUSTMENTS Combined share of Profit of Pradeep and Dhanraj = 1 - Leander ShareTotal Capital of the firm on the basis of combined Capital of Pradeep and DhanrajLeander's Capital

What type of ridiculous questions R U asking??

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tion Account, Partners Capital Account is calculated below. EXPLANATION:Calculation of Profit Sharing RatioOld Ratio of Shikhar and Rohit is given as 3:2 Kavi’s share after his admission as new partner = 1/4th of profit Total share of the firm = 1 REMAINING share = 1 – ¼= ¾ New Ratio will be calculated as: Shikhar’s new ratio Rohit’s new share New ratio between Shikhar, Rohit and Kavi will be Sacrificing ratio = OLD ratio – new ratio  Shikar’s sacrifice Rohit’s sacrifice Sacrificing ratio = 7:3 Calculation of Goodwill amount:Goodwill amount will be calculated as: Shikhar’s Rohit’s good will Calculation of Workmen’s compensation fund: Shikhar’s share Rohit’s share General Reserve Distribution: Shikhar RohitAdjustment of Capital: Capital Kavi brought = RS. 4,30,000 Total Capital of the Firm = Capital brought in by Kavi Reciprocal of her shareTotal capital of firm Shikhar’s share of new capital Rohit’s share of new capital

will bring his share of GOODWILL in CASH.(c) Buildings were appreciated by 20%.(d) All Debtors were good.(e) There was a liability of ₹ 10,800 included in Creditors which was not likely to arise.(f) New profit-sharing ratio will be 2 : 1 : 1.(g) Capital of Raghu and Rishu will be ADJUSTED on the basis of Rishabh’s share of capital and any excessHOPE TGIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️

ning Balance Sheet of the new firm and the necessary Ledger Accounts are prepared below:EXPLANATION:Sacrificing Ratio:Old Ratio New Ratio Sacrificing Ratio = Old Ratio - New Ratio A's Sacrificing Ratio B's Sacrificing Ratio Sacrificing Ratio 2: 1Distribution of premium for Goodwill A's premium for Goodwill B's premium for Goodwill DISTRIBUTION of Revaluation profit Adjustment of Capitals (New Ratio) Total Capital of the firm A's share Of capital B's Capital C's Capital

aluation Account, Partners Capital ACCOUNTS and Balance Sheet of the new firm are prepared below:EXPLANATION:Sacrificing Ratio Old Ratio Sacrifidng Ratio 3: 1 CALCULATION of GoodwillC's Goodwill A's Goodwill B's Goodwill Distribution of Revaluation Profit A's Revaluation Profit B's Revaluation Profit= Adjusted Capital Total Capital of the firm after C's admission Combined Capital Of A and B = Total CAPITEL of the firm after C's admission-C's Capital Combined Capital Of A and B = 2,40,000-60,000Combined Capital Of A and B =1,80,000 A's Capital B's Capital

will bring his share of goodwill in cash.(c) Buildings were appreciated by 20%.(d) All Debtors were good.(e) There was a liability of ₹ 10,800 included in Creditors which was not likely to arise.(F) New profit-sharing RATIO will be 2 : 1 : 1.(g) Capital of Raghu and Rishu will be ADJUSTED on the basis of Rishabh’s share of capital and any excessHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️

aluation Account, Partners Current ACCOUNTS and Capitals Accounts are prepared below:Explanation:Given,The Balance Sheet of X, Y and Z who share PROFITS and losses in the ratio of 3 : 2 : 1Sacrificing Ratio:Old Ratio New Ratio Sacrificing Ratio = Old Ratio - New Ratio Distribution of Goodwill W's share of GoodwillX's will get Adjustment of Capital Total Capital of the FIRM = W's Capital Reciprocal of his share New profit sharing Ratio

if he dosent KEEP systematic TRANSACTIONS the WORK can be difficult and it will take time

rnal entries, REVALUATION Account, CAPITAL ACCOUNTS and new Balance Sheet of the firm are prepared below:Explanation:Given,X and Y are partners SHARING profits in the ratio of 2 : 1.Sacrificing Ratio Old Ratio Sacrificing Ratio Distribution of Revaluation Loss X's capital A/cY's Capital A/cDistribution of Premium for Goodwill X Premium for Goodwill Y Premium for Goodwill Adjustment of Capital Total capital of the firm on the basis of Z's SHARE Combined capital of X and Y = Total Capital of the firm -Z's capital X's Capital A/c Y's Capital A/c

aluation Account, Partners CAPITAL Accounts and Balance Sheet of DEEPIKA, Rajshree and Anshu are prepared belowExplanation:Given,Deepika and Rajshree are partners in a firm sharing profits and losses in the ratio of 3 : 2 .Calculation of SACRIFICING Ratio:Old Ratio (Deepika and Rajshree) =3: 2New Ratio (Deepika, Rajshree and Anshu)= 5: 3: 2 Sacrificing Ratio = Old Ratio- New Ratio Deepika's Rajshree's Sacrificing Ratio (Deepika and Rajshree) =1: 1Capitalised VALUE on the basis of Anshu's Share Actual Capital of partners before adjustment of goodwill Goodwill = CAPITALISED value- -Actual capital of al partners before adjustment of Goodwill Anshu's Share of Goodwill Deepika and Rajshree each will entitle for Goodwill

Revaluation of ASSETS: Building ₹ 18,000; Stock ₹ 16,000.A balance SHEET is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a BASIS for COMPUTING rates of return and evaluating its capital structure

A and B are PARTNERS in a firm.A company's balance sheet, also known as a "STATEMENT of financial position," reveals the firm's assets, liabilities and OWNERS' equity (net worth). The balance sheet, together with the income statement and cash FLOW statement, make up the cornerstone of any company's financial statements.

sells GOODS at Cost plus 25%. Sales to credit customers (¾ of total) was ₹1,80,000. His Opening and CLOSING Stocks were ₹ 20,000 and ₹ 15,000 RESPECTIVELY. FIND out the VALUE of Purchases.⠀⠀⠀⠀⠀⠀ • Opening stock = Rs.20000⠀⠀⠀⠀⠀⠀Credit sales(¾ of total) = Rs.180000Let the total sales be x ⠀⠀⠀⠀⠀⠀↬ ¾ of total sales = 180000⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀↬ ¾ × x = 180000⠀⠀⠀⠀⠀⠀↬ x = 180000 × 3/4 ⠀⠀⠀⠀⠀⠀↬ x = Rs.240000⠀⠀⠀⠀⠀⠀∴ Total sales = Rs.240000⠀⠀⠀⠀⠀⠀A firm sells goods at Cost plus 25%.Let the cost be y⠀⠀⠀⠀⠀⠀↬ Total sales = Cost of goods sold + 25% of sells⠀⠀⠀⠀⠀⠀↬ 240000 = y + ⠀⠀⠀⠀⠀⠀↬ 240000 = y + ⠀⠀⠀⠀⠀⠀↬ 240000 = 4y + ⠀⠀⠀⠀⠀⠀↬ 240000 = ⠀⠀⠀⠀⠀⠀↬ y = ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀↬ y = 192000Cost of goods sold = Rs.192000⠀⠀⠀⠀⠀⠀As we know that Gross profit = Net sales - Cost of goods sold⠀⠀⠀⠀⠀⠀↬ G.P = 240000 - 192000⠀⠀⠀⠀⠀⠀↬ G.P = Rs.48000⠀⠀⠀⠀⠀⠀•°• Gross profit = Rs.48000⠀⠀⠀⠀⠀⠀Let's find out purchases Cost of goods sold = Opening stock + Net purchases - Closing stock ⠀⠀⠀⠀⠀⠀↬ Net purchases = Cost of goods sold - Opening stock + Closing stock ⠀⠀⠀⠀⠀⠀↬ Net purchases = 192000 - 20000 + 15000⠀⠀⠀⠀⠀⠀↬ Net purchases = 192000 - 5000⠀⠀⠀⠀⠀⠀↬ Net purchases = 187000⠀⠀⠀⠀⠀⠀∴ Net purchases = Rs.187000____________________________________________

A company's balance sheet, also known as a "statement of FINANCIAL position," reveals the firm's assets, liabilities and owners' equity (net worth). The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company's financial statements.Explanation:and B are PARTNERS in a firm sharing profits in the ratio of 3 : 2. They admit C as a partner on 1st April, 2018 on which date the Balance Sheet of the firm was:You are required to prepare the REVALUATION Account, Partners Capital Accounts and Balance Sheet of the new firm after considering the following:(a) C brings in ₹ 30,000 as capital for 1/4th share. He also brings ₹ 10,000 for his share of goodwill.(b) Part of the Stock which had been included at cost of ₹ 2,000 had been badly damaged in storage and COULD only expect to realise ₹ 400.(c) Bank Charges had been overlooked and amounted to ₹ 200 for the year 2017-18.(d) Depreciation on Building of ₹ 3,000 had been omitted for the year 2017-18.(e) A credit for goods for ₹ 800 had been omitted from both purchases and creditors although the goods had been correctly included in Stock.(f) An expense of ₹ 1,200 for insurance premium was debited in the Profit and Loss Account of 2017-18 but ₹ 600 of this are related to the period after 31st March, 2018.

A company's balance sheet, ALSO KNOWN as a "statement of financial position," reveals the firm's assets, liabilities and owners' equity (net WORTH). The balance sheet, together with the income statement and cash flow statement, make up the cornerstone of any company's financial STATEMENTS.

Loss cost, also known as pure PREMIUM or pure cost, is the AMOUNT of money an insurer must pay to COVER CLAIMS, including the costs to administer and investigate such claims. Loss cost, along with other factors, is used to CALCULATE premiums.

debit INCREASE ACCOUNT or equal account Credit is positioned on the right SIDE of enter.plese give me point

essary Ledger Accounts and Balance Sheet of new firm are calculated below:EXPLANATION:CALCULATION of Sacrificing RatioOld Ratio (Rajesh and Ravi) =3: 2New Ratio (Rajesh, Ravi and Raman) =5: 3: 2Sacrifidng Ratio = Old Ratio-New RAIO Rajesh's Sacrificing Ratio Ravi's Sacrificing Ratio Sacrificing Ratio of Rajesh and Ravi Calculation of Goodwill Actual Capital of all Partners before adjustment of goodwill = Rajesh Capital + Ravi's Capital + Raman Capital Capitalised VALUE on the basis of Raman's share Goodwill of the firm = Capitalised value of the firm - actual capital of all partners before adjustment of goodwill Raman's Share of Goodwill Adjusment of Raman's share of goodwill Rajesh's Capital A/c will be credited Ravi's Capital A/c will be credited Distribution of profit on Revaluation (Old Ratio) Rajesh's profit on Revaluation Ravi's profit on Revaluation

aluation Account, Partners Capital ACCOUNTS, BANK Account and the Balance SHEET of the new firm are calculated below:Explanation:Given,X and Y are partners sharing profits and losses equally.Z is admitted for 1/4th share Z's capital will be Rs. 1,25,000As per the Revaluation account, an amount of Rs. 12500 debited from the X and Y's current Account and the Creditors Account of Rs. 2500, Rs. 2500 and Rs. 7500 respectively are credited to the Reserve for D. debts accounts and LIABILITY for WCF account of an amount of Rs. 2500 and Rs. 10000 respectively.An amount of Rs. 40000 and Rs. 30000 from the X and Y's current account has been TRANSFERRED to the Revaluation and the balance account.

tello your answer..............Explanation:Hari maintains her books of account on SINGLE Entry System. His books provide the following information:His drawings during the year were ₹ 5,000 DEPRECIATE furniture by 10% and provide a RESERVE for Bad and Doubtful Debts at 10% on Sundry Debtors.Prepare the STATEMENT showing the profits for the year

rnal ENTRIES, Revaluation Account, Partners Capital and Current ACCOUNTS and the Balance Sheet of the new firm are CALCULATED below:Explanation:Calculation of Z's share for Goodwill Average Profit Firm's Goodwill Z's share Goodwill 36,000 will be shared by X and Y in sacrificing ratio.Calculation of Sacrifidng Ratio Sacrifidng Ratio = Old Ratio-New Ratio X's Sacrifice Ratio Y's Sacrifice Ratio Sacrificing Ratio X and YCalculation of Share of PREMIUM of Goodwill Calculation of Distribution of LOSS on Revaluation

TE YOUR ANSWER ISwithdrawn by X and Y.You are required to pass journal entries, prepare Revaluation Account, Partners Capital and CURRENT ACCOUNTS and the Balance Sheet of the new firm.They admit Z into partnership with 1/8th share in profits on this date. Z brings ₹ 20,000 as his capital and ₹ 12,000 for goodwill in cash. Z acquires his share entirely from X. Following revaluations are also made:HOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️

tion: Calculation of firm's good will = Avg. Profit 10,000 + 20,000 + 30,000 ÷ 3 =20,000 Goodwill is 1.5 years purchase = 20,000 x 1.5 = 30,000.30,000 - 12,000( less AMOUNT) = 18,000Z's share = 18,000 × 1/6 = 3,000(Z have to PAY this amount for goodwill) Sacrificing RATIO = old ratio - new ratio. X's Sac. Ratio = 3/5 - 3/6 = 3/30. Y's sac. Raio = 2/5 - 2/6 = 2/30.(Sacrificing ration of X and Y) = 3:2. X's sare of goodwill = 3,000 x 3/5 = 1,800(receive from z) Y's share of goodwill = 3,000 x 2/5 = 1,200(receive from z). This amount will be transferred to their CAPITAL account on credit side.

A BALANCE sheet is a financial statement that reports a company's assets, liabilities and shareholders' EQUITY at a specific point in time, and provides a BASIS for COMPUTING rates of return and evaluating its capital STRUCTURE.

on for Doubtful Debts is to be 2% on Debtors.(c) Value of STOCK to be written down by 5%.(d) Freehold Premises are to be taken at VALUATION of ₹ 22,400; Plant and Machinery ₹ 11,800; Fixtures and FITTINGS ₹ 1,540 and Vehicles ₹ 800.YouHOPE THIS HELPS ❤️PLEASE MARK AS BRAINLIEST ❤️❤️

A trial balance is a list of all the general ledger ACCOUNTS (both revenue and CAPITAL) contained in the ledger of a business. This list will contain the name of each NOMINAL ledger ACCOUNT and the value of that nominal ledger balance. Each nominal ledger account will hold EITHER a debit balance or a credit balance.