Class 12th Accountancy - TS Grewal Solutions (2025-2026)

Accountancy Class 12 Fundamental of Partnership

X, Y and Z entered into a partnership on 1st October, 2024 to share profits in the ratio of 4:3:3

78 :- X, Y, and Z entered into a partnership on 1st October 2024 to share profits in the ratio of 4:3:3. X, personally guaranteed that Z’s share of profit…

Accountancy Class 12 Fundamental of Partnership

Asha, Disha and Raghav were partners in a firm sharing profits and losses in the ratio of 2:3:1

77 :- Asha, Disha and Raghav were partners in a firm sharing profits and losses in the ratio of 2:3:1. According to the partnership agreement, Raghav was guaranteed an amount…

Accountancy Class 12 Fundamental of Partnership

A, B and C were in partnership sharing profits and losses in the ratio of 4:2:1

76 :- A, B, and C were in partnership sharing profits and losses in the ratio of 4 : 2 : 1. It was provided that C’s share in profit…

Accountancy Class 12 Fundamental of Partnership

Question 76 to 80 (Guarantee of minimum profit to a partner)

TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 76 :- A, B, and C were in partnership sharing profits and losses in the ratio of…

Accountancy Class 12 Fundamental of Partnership

On 31st March, 2018, the balances in the capitals of Abhir, Bobby and Vineet, after making adjustments for profits and drawings were Rs 8,00,000, Rs 6,00,000 and Rs 4,00,000 respectively

72 :- On 31st March, 2018, the balances in the Capital Accounts of Abhir, Bobby and Vineet, after making adjustments for profits and drawings were Rs 8,00,000, Rs 6,00,000, and…

Accountancy Class 12 Fundamental of Partnership

Mannu and Shristi are partners in a firm sharing profits in the ratio of 3:2

71 :- Mannu and Shrishti are partners in a firm sharing profits in the ratio of 3 : 2. Following information is of the firm as on 31st March 2025:…

Accountancy Class 12 Fundamental of Partnership

Piya and Bina are partners in a firm sharing profits and losses in the ratio of 3:2

70 :- Piya and Bina are partners in a firm sharing profits and losses in the ratio of 3 : 2. Following was the Balance Sheet of the firm as…

Accountancy Class 12 Fundamental of Partnership

Mudit, Sudhir and Uday are partners in a firm sharing profits in the ratio of 3:1:1

69 :- Mudit, Sudhir, and Uday are partners in a firm sharing profits in the ratio of 3 : 1 : 1. Their fixed capital balances are Rs 4,00,000, ₹Rs…

Class 12 Fundamental of Partnership TS Grewal Vol - 1

Mohan, Vijay and Anil are partners, the balances of capital accounts being Rs 30,000, Rs 25,000 and Rs 20,000 respectively

68 :- Mohan, Vijay and Anil are partners, the balances of capital accounts being Rs 30,000, Rs 25,000 and Rs 20,000 respectively. In arriving at these amounts profits for the…

Accountancy Class 12 Fundamental of Partnership

Question 67 to 72 (Adjustments for incorrect appropriations in the past)

TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 67 :- On 31st March, 2025, after the closing of the accounts, Capital accounts of P, Q and…