Under stock and debtors system in branch accounts the credit sales are 

In the books of Hire purchaser, depreciation is charged on

A and B share in the ratio of 3:2. C is admitted as a partner and given 1/5th share. The ratio of sacrifice will be

A and B share profit in the ratio 3:2. They admit C, 1/5th share from A, then new profit sharing ratio will be

P,Q,R and S were partners sharing profits in the ratio of 5:4:3:1. Q and R retire from the firm. The new ratio is

Income of a newly setup business from 1st November 2015 to 31.3.2016 is assessable in the Assessment Year