List of top Accountancy Questions on Partnership asked in Assam Board Class 12

P, Q and R were partners in a firm sharing profits and losses in the ratio of $3:4:1$. On $31^{st}$ March, 2022, R retired. R surrendered $\frac{1}{3}$ of his share in favour of P and the remaining share in favour of Q. Calculate the new profit sharing ratio of P and Q.
Rushil and Abheer were partners in a firm sharing profits and losses in the ratio of $4:3$. They admitted Sunil as a new partner for $\frac{3}{7}$ share in the profits of the firm, which he acquired $\frac{2}{7}$ share from Rushil and $\frac{1}{7}$ share from Abheer. The new profit sharing ratio of Rushil, Abheer and Sunil will be:
Piyush, Rajesh and Avinash were partners in a firm sharing profits and losses equally. Shiva was admitted as a new partner for an equal share. Shiva brought his share of capital and premium for goodwill in cash. The premium for goodwill amount will be divided among:
Abhay, Boris and Chetan were partners in a firm sharing profits in the ratio of 5:3:2. Boris was guaranteed a profit of Rs. 95,000. Any deficiency on account of this was to be borne by Abhay and Chetan equally. The firm earned a profit of Rs. 2,00,000 for the year ended 31 March, 2023. The amount given by Abhay to Boris as guaranteed amount will be:
Atul, Beena and Sita were partners in a firm sharing profits and losses in the ratio of 8:7:5. Damini was admitted as a new partner for \( \frac{1}{5} \) share in the profits which she acquired entirely from Atul. The new profit sharing ratio after Damini's admission will be:
Aavya, Mitansh and Praveen were partners in a firm. On 31st March, 2023, the firm was dissolved. Creditors took over furniture of book value of Rs. 50,000 at Rs. 45,000 in part settlement of their amount of Rs. 60,000. The balance amount was paid to them through cheque. The amount paid through cheque will be:
Assertion (A): Each partner is a principal as well as an agent for all the other partners.
Reason (R): As per the definition of Partnership Act, partnership business may be carried on by all the partners or any of them acting for all.
Choose the correct option from the following:
Alex, Benn and Cole were partners in a firm sharing profits and losses in the ratio of 5:3:2. They admitted Dona as a new partner for \( \frac{1}{5} \) share in the future profits. Dona agreed to contribute proportionate capital. On the date of admission, capitals of Alex, Benn and Cole after all adjustments were Rs. 1,20,000; Rs. 80,000 and Rs. 1,00,000 respectively. The amount of capital brought in by Dona will be: