Ram, Shyam and Mohan are partners in a firm sharing profits and losses in the ratio of 2 1 2 Their fixed capitals were 3,00,000, 1,00,000 and 2,00,000 respectively Interest on capital for the year 1996 was credited to them 9 p a instead of 10 p a Showing your working notes clearly, pass necessary ...

Ram, Shyam and Mohan are partners in a firm sharing profits and losses in the ratio...

Fantastic news! We've Found the answer you've been seeking!

Question:

Related Book For answer-question

Advanced Accounting

ISBN: 978-0538480284

11th edition

Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng

See More Books

Posted Date: Dec 27, 2022 12:58 AM

See More Questions

A, B and C are partners in a firm sharing profits and losses in the ratio of 3:2:1 with a guarantee of minimum profits to C for 15,000. Total profits of the firm for the year ended on December 31,...
Maria and Magda are partners in a firm sharing profit and loss in the ratio of 3:2. They admit Leena as a new partner for 1/10 share of profit which is given by Maria and Magda equally, afterwards...
3. Consider the following model log(yi) =B + B log(xi) + ui, where i = 1, . . ., 60, ya is the food expenditure (in $) for the ith household, and x, is the income of the ith household. After running...
In Exercises find the second derivative of the function. f(x) = 8 (x - 2)
Assume you are the vice president of operations for HG Lang and you are preparing for a meeting to discuss the 2012 financial results with Adrienne Aiello, the company president. HG Lang Designs...
The magnetic moment of [NH 4 ]V(SO 4 ) 2 12H 2 O is 2.8 B and the electronic absorption spectrum of an aqueous solution contains absorptions at 17 800, 25 700 and 34 500 cm 1 . Explain these...
A Carnot engine has an efficiency of $80 \%$, If the cycle is reversed in direction and made to operate as a refrigerator , its COP will be: (a) 0.25 (b) 0.5 (c) 0.75 (d) 1.25
Human color vision is produced by the nervous system based on how three different cone receptors interact with photons of light in the eye. These three different types of cones interact with photons...
Write a program to check whether the given input is digit or lowercase character or upper case character or a special character (use 'if-else-if' ladder)
Which histograms are skewed to the left? Refer to histograms A through H in Figure 2.12. 2.0 -50 0.0 1.0 3 150 5 15 25 D -1 -3 8 14 -7 -4 -1 G Figure 2.12 Eight histograms LO 09 007 01 08 01 250 09...
The purpose of the second part of the comprehensive project is to compute the financial statement ratios. Based on the company you selected in Part I, complete the following: Company Boeing A....
A flat, 164 turn current-carrying loop is immersed in a uniform magnetic field. The area of the loop is 7.59 10-4 m, and the angle between its magnetic dipole moment and the field is 50.5. Determine...
Calculate the key components an equity investor requires. Using recordings in week 6 illustrate pre and post money valuation of a startup. Define how indications of interest are utilized by a start...
Given the data below gives for the serum levels measured for their sodium content (ppm) based on a sample size of 15, calculate the upper limit at the 95% confidence interval for the population mean....
Apple corp. is a wholly owned subsidiary of Berry corp. On June 1,2018, Berry corp. declared and paid a 1 per share cash dividend to stockholders of record on May 15, year 1. On May 1, 2018, Apple...
c. As you have already read, the instantaneous velocity is defined using the limit of the average velocity as the time interval becomes infinitesimally small but not zero (i.e. v = limt-0 A). To At...
How much energy is consumed when a current of 5 amperes flows through the filament (or element) of a heater having resistance of 100 ohms for two hours ? Express it in joules.
If a force of F = 50 Ib is applied to the pads at A and C, determine the smallest dimension d required for equilibrium if the spring has an unstretched length of 1 ft. B 1 ft 1 ft F k = 15016/fr 1ft...
The Auto Clinic is a wholly owned subsidiary of Fast-Check Equipment Company. Fast-Check Equipment sells and leases 4-wheel alignment machines. The usual selling price of each machine is $35,000; it...
On March 1, 2015, Collier Enterprises purchases a 100% interest in Robby Corporation for $480,000 cash. Robby Corporation applies push-down accounting principles to account for this acquisition....
Calvin Hughess will provide for the following distributions: a. The 40-acre parcel in Leona, Wisconsin, is to be given to The Nature Conservancy along with $50,000. b. My 1970 GTO Pontiac convertible...
Which of the following does not occur in the small intestine? (a) Bile from the gall bladder breaks fats into small droplets. (b) Nutrients are absorbed into the body. (c) Proteins are broken down....
Aside from Calories, what else do you need to obtain through your diet? (a) a complete protein (b) a complete carbohydrate (c) vitamins and minerals (d) both a complete protein and vitamins and...
Which blood vessels are responsible for nutrient and waste exchange with tissues?

Ram, Shyam and Mohan are partners in a firm sharing profits and losses in the ratio...

Question:

Expert Answer:

The detailed ... View the full answer

Advanced Accounting

Students also viewed these accounting questions