The document discusses partnership questions that may be asked in aptitude tests. It provides several examples of partnership questions involving capital investments, profit sharing ratios, and calculating individual shares of profit. It also includes download links for additional practice material on topics like permutations, combinations, differentiation, integration and other quantitative topics covered in aptitude tests.
X and Y invest in a business in a 3:2 ratio. X's share is Rs. 1035. Y's share is Rs. 690.
A and B entered a partnership in a 4:5 ratio. After withdrawals, their profit ratio is 33:43. B's share of the Rs. 380 profit is Rs. 215.
A, B, and C invest for different time periods. A's share is Rs. 200. B's share is Rs. 720 and C's share is Rs. 540.
Akila and Bindhu invest in a 3:2 ratio. Akila's share of the Rs. 12,000 profit after a 5% tax is Rs. 6840.
This document discusses interest rate and economic equivalence concepts. It covers types of interest including simple and compound interest. It also discusses using present/future value factors to solve for single and uneven payment series. Examples are provided to illustrate calculating future or present value of lump sums, annuities, and other cash flows using interest rate conversion factors.
The document discusses annuities and provides examples of calculating future and present values of ordinary annuity certain. It also discusses amortization schedules. Some key points:
- An annuity is a series of equal payments made at equal time intervals.
- Formulas are provided to calculate the future and present values of annuities based on interest rate, payment amount, number of periods.
- Examples demonstrate using the formulas to solve various annuity problems, including multi-rate annuities.
- Amortization schedules show the breakdown of principal and interest over the payment periods of a loan.
- The document contains worked examples of profit and loss appropriation accounts and current accounts for partnerships with guaranteed partners.
- It allocates profits between partners based on their capital ratios and guarantees minimum profit shares for some partners.
- Any shortfall between the guaranteed amount and the partner's share based on capital ratio is made up from the other partners' shares.
PARTNERSHIP ACCOUNTS - Adjustments after closing the accountsKalaiSelvi169
This document discusses the calculation of opening capital balances and profit distribution for three partners - Lakshman, Nagarajan, and Parthiban. It provides the opening capital amounts for each partner and calculates their share of profit based on capital ratios. Parthiban's profit share is adjusted to a minimum of Rs. 7,500 as his initial share was lower, with Lakshman compensating the difference. Appropriate accounting entries are made in the Profit & Loss Appropriation account and Partners' Capital accounts to distribute the net profit of Rs. 22,500 among the partners as per their revised profit shares.
1) The document provides an introductory lesson on annuities and interest from Dr. T.K. Jain of the Afterschool Centre for Social Entrepreneurship in Bikaner, India.
2) It contains examples of calculating interest rates, future values of annuities, and properties of logarithms.
3) The document encourages readers to spread knowledge of social entrepreneurship and provides several links to download additional educational resources.
Valuation of bonds, shares and portfolioGagan Dharwal
This document analyzed portfolio, bond, and share valuation for three companies. It calculated the expected return and standard deviation of a portfolio consisting of two shares. It also valued three bonds with different coupon rates, finding one was issued at a premium. Finally, it calculated the market prices of shares with no growth, normal growth, supernormal growth, and different dividend growth rates over time. The recommendations were to invest in bonds and shares with frequent interest compounding, supernormal dividend growth, and higher expected returns to maximize portfolio returns while minimizing risk.
X and Y invest in a business in a 3:2 ratio. X's share is Rs. 1035. Y's share is Rs. 690.
A and B entered a partnership in a 4:5 ratio. After withdrawals, their profit ratio is 33:43. B's share of the Rs. 380 profit is Rs. 215.
A, B, and C invest for different time periods. A's share is Rs. 200. B's share is Rs. 720 and C's share is Rs. 540.
Akila and Bindhu invest in a 3:2 ratio. Akila's share of the Rs. 12,000 profit after a 5% tax is Rs. 6840.
This document discusses interest rate and economic equivalence concepts. It covers types of interest including simple and compound interest. It also discusses using present/future value factors to solve for single and uneven payment series. Examples are provided to illustrate calculating future or present value of lump sums, annuities, and other cash flows using interest rate conversion factors.
The document discusses annuities and provides examples of calculating future and present values of ordinary annuity certain. It also discusses amortization schedules. Some key points:
- An annuity is a series of equal payments made at equal time intervals.
- Formulas are provided to calculate the future and present values of annuities based on interest rate, payment amount, number of periods.
- Examples demonstrate using the formulas to solve various annuity problems, including multi-rate annuities.
- Amortization schedules show the breakdown of principal and interest over the payment periods of a loan.
- The document contains worked examples of profit and loss appropriation accounts and current accounts for partnerships with guaranteed partners.
- It allocates profits between partners based on their capital ratios and guarantees minimum profit shares for some partners.
- Any shortfall between the guaranteed amount and the partner's share based on capital ratio is made up from the other partners' shares.
PARTNERSHIP ACCOUNTS - Adjustments after closing the accountsKalaiSelvi169
This document discusses the calculation of opening capital balances and profit distribution for three partners - Lakshman, Nagarajan, and Parthiban. It provides the opening capital amounts for each partner and calculates their share of profit based on capital ratios. Parthiban's profit share is adjusted to a minimum of Rs. 7,500 as his initial share was lower, with Lakshman compensating the difference. Appropriate accounting entries are made in the Profit & Loss Appropriation account and Partners' Capital accounts to distribute the net profit of Rs. 22,500 among the partners as per their revised profit shares.
1) The document provides an introductory lesson on annuities and interest from Dr. T.K. Jain of the Afterschool Centre for Social Entrepreneurship in Bikaner, India.
2) It contains examples of calculating interest rates, future values of annuities, and properties of logarithms.
3) The document encourages readers to spread knowledge of social entrepreneurship and provides several links to download additional educational resources.
Valuation of bonds, shares and portfolioGagan Dharwal
This document analyzed portfolio, bond, and share valuation for three companies. It calculated the expected return and standard deviation of a portfolio consisting of two shares. It also valued three bonds with different coupon rates, finding one was issued at a premium. Finally, it calculated the market prices of shares with no growth, normal growth, supernormal growth, and different dividend growth rates over time. The recommendations were to invest in bonds and shares with frequent interest compounding, supernormal dividend growth, and higher expected returns to maximize portfolio returns while minimizing risk.
This document analyzes the return on investment (ROI) of four career paths: commercial pilot, doctor, teacher, and lawyer. It calculates ROI based on average salary, years worked, and education costs. A pilot has the highest ROI at $38 per dollar invested, followed by lawyer at $35, teacher at $23, and doctor at $17. It also considers average weekly work hours, with pilots and lawyers working the most at 53 and 55 hours respectively. The analysis aims to quantify the value of becoming a professional pilot for prospective students.
To find the selling price of softball bats:
- The store buys each bat for $35
- The mark-up on each bat is 40% of the purchase price
- To calculate the mark-up, express 40% as a decimal (0.4) and multiply it by the purchase price of $35
- The mark-up is 0.4 × $35 = $14
- To get the selling price, add the purchase price ($35) to the mark-up ($14)
- Therefore, the selling price of each softball bat is $35 + $14 = $49
PARTNERSHIP ACCOUNTS - Profit & Loss Appropriation accountKalaiSelvi169
The document contains the solution to multiple accounting sums involving the preparation of Profit and Loss Appropriation Accounts and Capital Accounts of partners. Specifically, it provides the accounting entries to distribute profit among partners based on their profit sharing ratios, deduct interest on capital and drawings, and transfer the final balances to partners' capital accounts. The solutions show the detailed workings and calculations involved in each step of the process.
The document discusses partnership businesses and how profits and losses are divided based on investment amounts and time periods. It provides examples of how to calculate each partner's share of profits or losses in different scenarios where investment amounts or time periods vary. Key points covered include:
- Profits/losses are divided in proportion to investment amount x time period for each partner
- If time periods are the same, the ratio is based on investment amounts only
- Examples are provided to demonstrate calculating shares for 2 or more partners in different scenarios
This document provides a financial plan for RG Food Product, a sole proprietorship business producing chowmin. The owner, Rajdeep Ghosh, has invested Rs. 9 lakh of capital. The management team will initially consist of Rajdeep and two employees. Legal agreements will be made for the business location. Financial projections include a capital structure, projected profit and loss statement, cash flow statement, and balance sheet for the first year. Key ratios like profit volume, break-even point, operating leverage, and financial leverage are also calculated.
The document provides examples and formulas for calculating profit/loss ratios in partnerships when investments are made for different periods of time. It gives 6 solved examples showing how to calculate each partner's share based on their investment amount and duration in the partnership. The key points are that profit/loss is shared in proportion to investment amounts, and investments for different times are converted to equivalent amounts for a standard time period like a year.
Welcome to the first ever Carbon60 Aviation Salary Survey created in conjunction with Aviation Job Search which is based on responses from over 2,000 aviation professionals across the world.
It will provide a comprehensive overview of salary and market trends and a useful guide both for employers looking for recruitment wisdom and job seekers looking for the best opportunities in aviation.
This document provides solutions to selected problems from Chapter 7. It includes step-by-step workings and calculations for problems related to rates of return, present and future value, and cash flow analysis. Key details solved for include internal rates of return, reinvestment rates, and yield to maturity. The solutions cover a range of financial topics and use tools like present and future value tables, trial and error, and spreadsheets.
The document provides tips and tricks for quantitative aptitude. It discusses important sections to score high in like profit and loss, progressions, ratios and proportions, interest, mensuration, and other topics. Formulas, examples, and calculation methods are provided for each section to help understand concepts and increase speed when solving questions. Mastering these quantitative concepts through practice is emphasized to do well in employability tests.
The document discusses various scenarios involving calculating interest rates, loan payments, and investment returns over different periods of time using compound interest formulas. Examples include calculating effective interest rates, determining investment growth over terms of 2-5 years, and computing monthly loan payments for purchases financed at different interest rates over periods like 2, 3, or 4 years.
- Goodwill is an intangible asset that represents the value of a business's name, reputation and customer loyalty. It enables a business to earn more profits.
- Goodwill can be calculated using different methods such as average profits, weighted average profits, super profits and capitalization of super profits.
- Several examples are provided to demonstrate calculating goodwill values based on factors like capital employed, normal rate of return, profits over recent years using different valuation methods.
This document analyzes the return on investment (ROI) of four career paths: commercial pilot, doctor, teacher, and lawyer. It calculates ROI based on average salary, years worked, and cost of education. Pilots have the highest ROI at $33 per dollar invested, followed by lawyers at $30, teachers at $23, and doctors at $19. The analysis also considers average weekly work hours for each profession. Sources of data include the Bureau of Labor Statistics and national education organizations. The purpose is to communicate the value of becoming a professional pilot to prospective students.
this presentation covers the topic percentage, profit and loss aptitude questions in level 1. (basic) categorywise the techniques are supported by suitable examples
This chapter discusses topics related to managing money, including discounts, profit and loss, and budgeting. It provides examples and explanations of calculating discounts as percentages of the original price and finding sale prices. It also demonstrates how to calculate profit and loss as percentages based on cost price. The chapter aims to help readers better understand financial concepts like these so they can make wise use of their money.
This document provides examples of calculating various types of annuities and rates of return. It shows how to determine:
1) The number of annuity payments needed to reach a target accumulation amount given an interest rate.
2) The number of years needed for an investment to double or reach a desired return amount given an interest rate.
3) The implied annual rate of return given a monthly annuity payment, future value, and number of periods.
4) The compound annual growth rate given earnings amounts over several years.
5) The present value of annuities that start later than the first period.
6) How to combine the present value of an annuity with a lump sum payment.
This document contains 21 quantitative reasoning questions about partnerships and investments. It provides the questions, answers, and a thank you message at the end. The questions involve calculating investment ratios, profit distributions, and other financial details based on information provided about multiple partners' investments, time periods invested, and profits received.
This document provides a lesson on simple interest, including definitions, formulas, and examples. It begins with an introduction to simple interest and the basic formula to calculate interest (I=Prt). It then provides examples of using the formula to find interest and maturity value for various loans. The next section distinguishes between actual and approximate time, showing how to calculate both. The final section defines ordinary and exact interest, providing the formulas and an example of calculating both types of interest. The overall document serves as a tutorial to teach students how to calculate simple interest using different time periods and interest rate conventions.
This document provides information and examples about accounting for public companies and underwriting. It discusses concepts like underwriting liability, applications received, marked applications, outstanding shares, and liability calculations for different underwriters based on information provided in examples. It also discusses calculating share value based on dividend yield and return on capital employed. Other topics covered include acquisition accounting, consolidation of financial statements, treatment of pre-acquisition profits, minority interest, and revaluation of assets.
This document provides information and examples about accounting for public companies and underwriting. It discusses concepts like underwriting liability, applications received, marked applications, outstanding shares, and underwriter ratios and liabilities. Multiple examples are provided of calculating underwriter liability given information about shares issued, underwriting percentages, applications received, and marked applications.
A N N U I T Y Q U E S T I O N S F O R A P T I T U D E T E S T SDr. Trilok Kumar Jain
This document provides information and examples about accounting for public companies and underwriting. It discusses concepts like underwriting liability, applications received, marked applications, outstanding shares, and liability calculations for different underwriters based on information provided in examples. It also includes solutions to example questions about underwriting calculations.
This document provides a lesson on simple interest, including definitions, formulas, and examples. It begins with an introduction to simple interest and the basic formula to calculate interest. It then provides examples of using the formula to find interest and maturity value for different loan scenarios. The document also distinguishes between ordinary interest and exact interest, providing the formulas and an example calculation for each. Finally, it demonstrates how to calculate actual time and approximate time for interest purposes and provides examples of interest calculations using both actual and approximate time periods. The overall document serves as a tutorial to teach students how to calculate simple interest for different loan scenarios.
The document discusses simple interest, providing formulas to calculate interest based on capital amount, interest rate, and time. It gives examples of using the formulas to calculate interest for various capital amounts invested at different rates and time periods, including years, months, and days. It also provides practice problems with answers to calculate interest simple or determine the original capital that would produce a given interest amount.
This document analyzes the return on investment (ROI) of four career paths: commercial pilot, doctor, teacher, and lawyer. It calculates ROI based on average salary, years worked, and education costs. A pilot has the highest ROI at $38 per dollar invested, followed by lawyer at $35, teacher at $23, and doctor at $17. It also considers average weekly work hours, with pilots and lawyers working the most at 53 and 55 hours respectively. The analysis aims to quantify the value of becoming a professional pilot for prospective students.
To find the selling price of softball bats:
- The store buys each bat for $35
- The mark-up on each bat is 40% of the purchase price
- To calculate the mark-up, express 40% as a decimal (0.4) and multiply it by the purchase price of $35
- The mark-up is 0.4 × $35 = $14
- To get the selling price, add the purchase price ($35) to the mark-up ($14)
- Therefore, the selling price of each softball bat is $35 + $14 = $49
PARTNERSHIP ACCOUNTS - Profit & Loss Appropriation accountKalaiSelvi169
The document contains the solution to multiple accounting sums involving the preparation of Profit and Loss Appropriation Accounts and Capital Accounts of partners. Specifically, it provides the accounting entries to distribute profit among partners based on their profit sharing ratios, deduct interest on capital and drawings, and transfer the final balances to partners' capital accounts. The solutions show the detailed workings and calculations involved in each step of the process.
The document discusses partnership businesses and how profits and losses are divided based on investment amounts and time periods. It provides examples of how to calculate each partner's share of profits or losses in different scenarios where investment amounts or time periods vary. Key points covered include:
- Profits/losses are divided in proportion to investment amount x time period for each partner
- If time periods are the same, the ratio is based on investment amounts only
- Examples are provided to demonstrate calculating shares for 2 or more partners in different scenarios
This document provides a financial plan for RG Food Product, a sole proprietorship business producing chowmin. The owner, Rajdeep Ghosh, has invested Rs. 9 lakh of capital. The management team will initially consist of Rajdeep and two employees. Legal agreements will be made for the business location. Financial projections include a capital structure, projected profit and loss statement, cash flow statement, and balance sheet for the first year. Key ratios like profit volume, break-even point, operating leverage, and financial leverage are also calculated.
The document provides examples and formulas for calculating profit/loss ratios in partnerships when investments are made for different periods of time. It gives 6 solved examples showing how to calculate each partner's share based on their investment amount and duration in the partnership. The key points are that profit/loss is shared in proportion to investment amounts, and investments for different times are converted to equivalent amounts for a standard time period like a year.
Welcome to the first ever Carbon60 Aviation Salary Survey created in conjunction with Aviation Job Search which is based on responses from over 2,000 aviation professionals across the world.
It will provide a comprehensive overview of salary and market trends and a useful guide both for employers looking for recruitment wisdom and job seekers looking for the best opportunities in aviation.
This document provides solutions to selected problems from Chapter 7. It includes step-by-step workings and calculations for problems related to rates of return, present and future value, and cash flow analysis. Key details solved for include internal rates of return, reinvestment rates, and yield to maturity. The solutions cover a range of financial topics and use tools like present and future value tables, trial and error, and spreadsheets.
The document provides tips and tricks for quantitative aptitude. It discusses important sections to score high in like profit and loss, progressions, ratios and proportions, interest, mensuration, and other topics. Formulas, examples, and calculation methods are provided for each section to help understand concepts and increase speed when solving questions. Mastering these quantitative concepts through practice is emphasized to do well in employability tests.
The document discusses various scenarios involving calculating interest rates, loan payments, and investment returns over different periods of time using compound interest formulas. Examples include calculating effective interest rates, determining investment growth over terms of 2-5 years, and computing monthly loan payments for purchases financed at different interest rates over periods like 2, 3, or 4 years.
- Goodwill is an intangible asset that represents the value of a business's name, reputation and customer loyalty. It enables a business to earn more profits.
- Goodwill can be calculated using different methods such as average profits, weighted average profits, super profits and capitalization of super profits.
- Several examples are provided to demonstrate calculating goodwill values based on factors like capital employed, normal rate of return, profits over recent years using different valuation methods.
This document analyzes the return on investment (ROI) of four career paths: commercial pilot, doctor, teacher, and lawyer. It calculates ROI based on average salary, years worked, and cost of education. Pilots have the highest ROI at $33 per dollar invested, followed by lawyers at $30, teachers at $23, and doctors at $19. The analysis also considers average weekly work hours for each profession. Sources of data include the Bureau of Labor Statistics and national education organizations. The purpose is to communicate the value of becoming a professional pilot to prospective students.
this presentation covers the topic percentage, profit and loss aptitude questions in level 1. (basic) categorywise the techniques are supported by suitable examples
This chapter discusses topics related to managing money, including discounts, profit and loss, and budgeting. It provides examples and explanations of calculating discounts as percentages of the original price and finding sale prices. It also demonstrates how to calculate profit and loss as percentages based on cost price. The chapter aims to help readers better understand financial concepts like these so they can make wise use of their money.
This document provides examples of calculating various types of annuities and rates of return. It shows how to determine:
1) The number of annuity payments needed to reach a target accumulation amount given an interest rate.
2) The number of years needed for an investment to double or reach a desired return amount given an interest rate.
3) The implied annual rate of return given a monthly annuity payment, future value, and number of periods.
4) The compound annual growth rate given earnings amounts over several years.
5) The present value of annuities that start later than the first period.
6) How to combine the present value of an annuity with a lump sum payment.
This document contains 21 quantitative reasoning questions about partnerships and investments. It provides the questions, answers, and a thank you message at the end. The questions involve calculating investment ratios, profit distributions, and other financial details based on information provided about multiple partners' investments, time periods invested, and profits received.
This document provides a lesson on simple interest, including definitions, formulas, and examples. It begins with an introduction to simple interest and the basic formula to calculate interest (I=Prt). It then provides examples of using the formula to find interest and maturity value for various loans. The next section distinguishes between actual and approximate time, showing how to calculate both. The final section defines ordinary and exact interest, providing the formulas and an example of calculating both types of interest. The overall document serves as a tutorial to teach students how to calculate simple interest using different time periods and interest rate conventions.
This document provides information and examples about accounting for public companies and underwriting. It discusses concepts like underwriting liability, applications received, marked applications, outstanding shares, and liability calculations for different underwriters based on information provided in examples. It also discusses calculating share value based on dividend yield and return on capital employed. Other topics covered include acquisition accounting, consolidation of financial statements, treatment of pre-acquisition profits, minority interest, and revaluation of assets.
This document provides information and examples about accounting for public companies and underwriting. It discusses concepts like underwriting liability, applications received, marked applications, outstanding shares, and underwriter ratios and liabilities. Multiple examples are provided of calculating underwriter liability given information about shares issued, underwriting percentages, applications received, and marked applications.
A N N U I T Y Q U E S T I O N S F O R A P T I T U D E T E S T SDr. Trilok Kumar Jain
This document provides information and examples about accounting for public companies and underwriting. It discusses concepts like underwriting liability, applications received, marked applications, outstanding shares, and liability calculations for different underwriters based on information provided in examples. It also includes solutions to example questions about underwriting calculations.
This document provides a lesson on simple interest, including definitions, formulas, and examples. It begins with an introduction to simple interest and the basic formula to calculate interest. It then provides examples of using the formula to find interest and maturity value for different loan scenarios. The document also distinguishes between ordinary interest and exact interest, providing the formulas and an example calculation for each. Finally, it demonstrates how to calculate actual time and approximate time for interest purposes and provides examples of interest calculations using both actual and approximate time periods. The overall document serves as a tutorial to teach students how to calculate simple interest for different loan scenarios.
The document discusses simple interest, providing formulas to calculate interest based on capital amount, interest rate, and time. It gives examples of using the formulas to calculate interest for various capital amounts invested at different rates and time periods, including years, months, and days. It also provides practice problems with answers to calculate interest simple or determine the original capital that would produce a given interest amount.
This document discusses simple interest calculations. It provides formulas for calculating simple interest when the time period is in years, months, or days. It then works through 12 example calculations of simple interest in both English and Spanish, providing the capital amount, interest rate, time period, and calculating the interest. The correct answers are identified for each calculation.
The document discusses simple interest, providing formulas to calculate interest based on the capital amount, interest rate, and time. It gives examples of simple interest word problems, showing the calculations to determine the interest earned in different time periods - years, months, and days. Several practice problems are included for calculating simple interest based on given capital amounts, interest rates, and time frames.
This document provides examples for calculating simple interest using the formula I = PRT, where I is interest, P is principal, R is rate, and T is time. It gives the interest formulas for calculating interest when time is measured in years, months, or days. It then works through 9 multiple choice questions calculating interest in various scenarios as practice problems.
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- The document provides information about job opportunities in Bangladeshi banks and corporations from 2001 to 2019.
- It lists 25 different job postings over time for positions like Investment Corporation Officer, Rupali Bank Officer, Bangladesh Bank Assistant Director, and others.
- Additional information is provided about focusing writing skills in Bangla and English, translation exercises, math and logic problems, and essay prompts related to the jute industry and stock market development in Bangladesh.
The document contains 13 numerical problems related to the distribution of profits and losses among partners in different partnership scenarios. The problems cover topics such as calculation of interest on capital and drawings, treatment of guaranteed minimum profits, salaries, commissions, and the preparation of profit and loss appropriation accounts. Detailed solutions are provided for each problem in the form of journal entries or accounts with calculations shown.
The document contains sample problems and solutions related to accounting for partnerships. It provides examples of calculating interest on capital accounts, distributing profit and loss among partners, accounting for partner salaries and commissions, and preparing profit and loss appropriation accounts. The problems demonstrate how to account for partnership transactions and allocate profits, losses, interest and other items according to partnership agreements.
The document summarizes interviews conducted for off-campus research about financial products and concepts. Respondents discussed their experiences with interest, loans, insurance, and credit cards. They provided details on requirements, benefits, and sample computations for loans, insurance premiums, and credit card interest calculations. The document also explains concepts like annuities and how they apply to the company's services.
The document provides information about an afterschool program called Centre for Social Entrepreneurship that offers a comprehensive program in social and spiritual entrepreneurship. It is open and free for all. It also provides contact information for Dr. T.K. Jain, the head of the afterschool centre located in Bikaner, India.
The document discusses accounting concepts related to partnerships. It defines what a partnership is and different types of partnerships. It covers capital accounts, rules of partnerships regarding profits/losses, interest on capital/drawings, and how to calculate sacrificing and gaining ratios when partners join or leave. Examples are provided to illustrate how to account for partnership transactions and allocate profits/losses according to profit sharing ratios.
The document discusses accounting concepts related to partnerships. It defines what a partnership is and different types of partnerships. It covers capital accounts, rules of partnerships regarding profits/losses, interest on capital/drawings, and how to calculate sacrificing and gaining ratios when partners join or leave. Examples are provided to illustrate how to account for partnership transactions.
A C C O U N T I N G A D J U S T M E N T S F O R F I N A N C I A L A N A L...Dr. Trilok Kumar Jain
The document discusses accounting concepts related to partnerships. It defines what a partnership is and different types of partnerships. It covers capital accounts, rules of partnerships regarding profits/losses, interest on capital/drawings, and how to calculate sacrificing and gaining ratios when partners join or leave. Examples are provided to illustrate how to account for partnership transactions and adjust accounts when profit ratios change.
Similar to Partnership questions for aptitude tests (20)
Examination reforms are essential to transform the education system according to the document. The current examination system focuses only on rote memorization but needs to evaluate creativity and problem-solving. The document outlines steps to reform examinations including setting goals based on program and course objectives, evaluating whether objectives are achieved through direct and indirect methods, using continuous evaluations, and adopting open book exams and multiple evaluation methods.
1. PARTNERSHIP QUESTIONS FOR APTITUDE TESTS by : DR. T.K. JAIN AFTERSCHO ☺ OL centre for social entrepreneurship sivakamu veterinary hospital road bikaner 334001 rajasthan, india FOR – PGPSE / CSE PARTICIPANTS mobile : 91+9414430763
2. My words.... Here I present a few basic questions on Partnership. I wish that more people should become entrepreneurs. An ordinary Indian entrepreneur wishes to remain an honest entrepreneur and contribute to the development of nation but we have to strengthen those institutions which truly promote entrepreneurship, not just degree granting institutions. Let us work together to promote knowledge, wisdom, social development and education. We believe in free education for all, free support for all, entrepreneurship opportunities and training for all. Let us work together for these goals. ... I alone cant do much, I need support of perosns like you .......... ...
3. P and Q started a business investing Rs 85,000 and Rs 15,000 respectively. In what ratio the profit earned after 2 years be divided between P and Q respectively? Profit can be divided either in capital ratio or equally. Here we assume that profit is divided in capital ratio : 85:15 or 17:3 answer
4. P and Q started a business investing Rs 85,000 each. However, P withdrew 20% of his capital after 1.5 year and Q doubled his investment after 20 months. . In what ratio the profit earned after 2 years be divided between P and Q respectively? Profit can be divided either in capital ratio or equally. Here we assume that profit for 2 nd year is divided in capital ratio : p = (85*6 + 68*6) =918 Q = (85*6 + 170*6) =1530 their ratio : 918:1530 or 3:5 answer
5. A,B and C started a business by investing Rs 1,20,000, Rs 1,35,000 and Rs 1,50,000.Find the share of each ,out of an annual profit of Rs 56,700? Their profit sharing ratio as per their capital : 120: 135:150 or 8:9:10 share of A =8/27 *56700 = 16800 share of B = 9/27 *56700 = 18900 share of C = 10/27 *56700 = 21000 answer
6. A,B and C started a business by investing Rs 2,20,000, Rs 350000 and Rs 4,50,000.Find the share of each ,out of an annual profit of Rs 10200 ? Their profit sharing ratio as per their capital : 22:35:45 share of A =22/102 *10200 = 2200 share of B = 35/102 *10200 = 3500 share of C =45/102 *10200 = 4500 answer
7. 3 milkman A,B,C rented a pasture A grazed his 45 cows for 12 days B grazed his 36 cows for 15 days and c 60 cows for 10 days. If b's share of rent was Rs 540 What is the total rent? Share of A = 45*12 = 540 share of B = 36*15 = 540 share of C = 60 * 10 = 600 share of B's rent is 540, that means total rent is : (540+540+600) = 1680 answer
8. 3 milkman A,B,C rented a pasture A grazed his 90 cows for 6 days B grazed his 15 cows for 20 days and c 30 cows for 5 days. If C's share of rent was Rs 300 What is A's rent ? Share of A = 90*6 = 540 share of B = 15*20= 300 share of C = 30*5= 150 share of c's rent is 300, that meansthe rent is twice the total cow-days. So A's rent should be 1080 answer
9. Ram and Krishn entered into a partnership with Rs 50,000 and Rs 60,000, after 4 months Ram invested Rs 25,000 more while Krishn withdraw Rs 20,000 . Find the share of Ram in the annual profit of Rs 289,000. Ram's share = (50*4 + 75*8) =800 Krishn's share = (60*4 + 40*8) =560 share of ram = (80)/(80+56) * 289000 =170000 answer
10. A,B,C enter into partnership .A invests 3 times as much as B invests and B invests two third of what C invests. At the end of the year ,the profit earned is Rs 6600. what is the share of B? Let us start from C. Suppose C invests Rs. 3. B will invest 2/3 of 3 = 2. Thus A would invest 6 total investment = 11 share of B = 2/11 * 6600 = 1200 answer
11. A,B,C enter into partnership . A invests two third of what B invests and B invests two third of what C invests. At the end of the year ,the share of A is 2000, what is the share of B and C? (start with the last - here C) Suppose C invests (3*3) = 9 B will invest = 9 * 2/3 = 6 A will invest = 6 * 2/3 = 4 thus if share of A is known, we can find share of B and C also. B = 6/4 * 2000 = 3000 C = 9/4 * 2000 = 4500 shortcut = simply multiply 2000 *3/2 for B and again by 3/2 for C. You will get the answer
12. A,B and C enter into a partnership by investing in the ratio of 3:2:4. After one year ,B invests another Rs 2,70,000 and C,at the end of 2 years, also invests Rs 2,70,000.At the end of 3 years,profit are shared in the ratio of 3:4:5.Find the initial investment of each? Share of A = 3x*3 = 9x share of B = 2x*3 + 270*2 = 6x+540 Share of C =4x*3+270*1 = 12x+270 based on new ratio : 9x/3 = (12x+270)/5 3x=2.4x+54 or .6x=54 or x= 54/.6 = 90 so initial investments were : A : 270, B 180 and C 360 (all in thousands). Answer
13. A,B and C enter into a partnership by investing in the ratio of 3:2:4. After one year ,B invests another Rs 300,000 and C,at the end of 2 years, also invests Rs 300,000.At the end of 3 years,profit are shared in the ratio of 2:2:3 .Find the initial investment of each? Share of A = 3x*3 = 9x share of B = 2x*3 + 300*2 = 6x+600 Share of C =4x*3+300*1 = 12x+300 based on new ratio : 9x / 2 = (12x+300)/3 4.5x = 4x+100 or .5x = 100 or x = 200 initial investment by A = 600, B = 400 and C =800 (all in '000) answer
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