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Accountancy

Home » Class 12 » Accountancy » Page 33
Posted inAccountancy Class 12 General

Question 1 to 3 (Average Profit Method)

TS Grewal Solutions - Goodwill : Nature and Valuation 1 :-  Goodwill is to be valued at three years’ purchase of four years’ average profit. Profits of the firm for…
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Posted inAccountancy Class 12 General

TS Grewal Volume 1 Solutions (2025 – 26) Chapter 2 – Goodwill : Nature and Valuation

Question 1 to 3 (Average Profit Method)Question 4 to 7 (Average Profit Method when Past Adjustments are made)Question 8 to 9 (Weighted Average Profit Method) Question 10 to 16 (Super…
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Posted inAccountancy Class 12 Fundamental of Partnership

On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net profit

73 :- On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net…
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Posted inAccountancy Class 12 Fundamental of Partnership

Question 73 to 75 (Adjustments for incorrect appropriations in the past)

73 :- On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net…
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Posted inAccountancy Class 12 Fundamental of Partnership

Xen, Sam and Tim are partners in a firm

91 :-  Xen,Sam and Tim are partners in a firm. For the year ended 31st March, 2025, the profit of the firm Rs 1,20,000 was distributed equally among them, without giving…
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Posted inAccountancy Class 12 Fundamental of Partnership

Three Chartered Accountants Abhijit, Baljit and Chiranjit form a partnership

90 :-  Three Chartered Accountants Abhijit, Baljit, and Charanjit form a partnership, profits being shared in the ratio of 3:2:1 subject to the following:(a) Charanjit’s share of profit is guaranteed…
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Posted inAccountancy Class 12 Fundamental of Partnership

Question 90 to 91 (Minimum earnings guaranteed by a partner)

TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 90 :-  Three Chartered Accountants Abhijit, Baljit, and Charanjit form a partnership, profits being shared in the…
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Posted inAccountancy Class 12 Fundamental of Partnership

Ankur, Bhavna and Disha are partners in a firm

89 :-  Ankur, Bhavna, and Disha are partners in a firm. On 1st April, 2024, the balances in their capital accounts stood at Rs 14,00,000, Rs 6,00,000, and Rs 4,00,000…
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Posted inAccountancy Class 12 Fundamental of Partnership

Ajay, Binay and Chetan were partners sharing profits in the ratio of 3:3:2

88 :- Ajay, Binay and Chetan were partners sharing profits in the ratio of 3:3:2. The partnership deed provided for the following: Salary of Rs 2,000 per quarter to Ajay…
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Posted inAccountancy Class 12 Fundamental of Partnership

The partners of a firm Alia, Bhanu and Chand distributed the profits for the year ended 31st March, 2017

87 :-  The Partners of a firm, Alia, Bhanu, and Chand distributed the profits for the year ended 31st March, 2017. Rs 8,000 in the ratio of 3:3:2 without providing…
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