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29 views2 pages

Ayush Verma 12

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av96969956
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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U.

P BORAD HIGH SCHOOL & INTERMEDIATE EXAM 2024-2025


Draft Question Pepar For Commerce 2025

 Note: All Questions Based on NCRET.

Questions 1.
Ayush, Dipanshi And Ram Nivas are partners, who share profit in the ratio of 3:2. Following is
the balance sheet as on March 31, 2020.

Balance Sheet of Ayush, Dipanshi,Ram nivas as on March 31, 2020


Liabilities Amount Assets Amount
(Rs.) (Rs.)
Creditors 30,000 Buildings 2,00,000
Bills payable 30,000 Machinery 40,000
Bank loan 1,20,000 Stock 1,60,000
Sonia’s husband’s loan 1,30,000 Bills receivable 1,20,000
General reserve 80,000 Furniture 80,000
Capitals: Cash at bank 60,000
Ayush 70,000
Dipanshi 90,000
Ram Nivas 1,10,000 2,70,000
6,60,000 6,60,000

The firm was dissolved on that date. Close the books of the firm with following information:
1. Buildings realised for Rs.1,90,000, Bills receivable realised for Rs.1,10,000; Stock realised Rs.1,50,000;
and Machinery sold for Rs.48,000 and furniture for Rs. 75,000,
2. Bank loan was settled for Rs.1,30,000. Creditors and Bills payable were settled at 10% discount,
3. Rohit paid the realisation expenses of Rs.10,000 for which he paid Rs.12,000 for completing the
dissolution process. Prepare necessary ledger accounts.

Question 2.
What do you understand by the entry of new partner? Explain the difference between new profit loss
ratio and sacrifice ratio.

Question 3
Explain what is a company and how many types are there?

Question 4
Calculating goodwill of the firm on the basis of 3 year purchase on the average profit of last 5
years. The profit of last 5 year given below
Year Amount ( Porfit )
2020-21 4,00,000
2021-22 5,00,000
2022-23 (60,000)

ALL RIGHT RESERVE TO AYUSH VERMA Reg. No 400102811. B.H.U (U.P)


U.P BORAD HIGH SCHOOL & INTERMEDIATE EXAM 2024-2025
Draft Question Pepar For Commerce 2025
2023-24 2,00,000
2024-25 3,00,000

Question.5

Cost of Revenue from Operations is Rs. 1,50,000. Operating expenses are Rs. 60,000. Revenue from
Operations is Rs. 2,50,000. Calculate Operating Ratio?

ALL RIGHT RESERVE TO AYUSH VERMA Reg. No 400102811. B.H.U (U.P)

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