Question 32 to 35 (Salary or Commission to partners)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 32 :- Shiv, Mohan, and Gopal are partners sharing profits and losses in the ratio of 2…
X and Y are partners in a firm.
35 :- X and Y are partners in a firm. X is entitled to a salary of Rs 10,000 per month and a commission of 10% of the net profit…
A, B, C and D are partners in a firm sharing profits in the ratio of 4:3:2:1
34 :- A, B, C, and D are partners in a firm sharing profits in the ratio of 4 : 3 : 2 :1. The firm earned a net profit…
Question 27 to 31 (Calculation of interest on Partner’s capital)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 27 :- A and B are partners in the ratio of 3 : 2. The firm maintains…
Sumit and Namit are partners sharing profits in the ratio of 3:2
31 :- Sumit and Namit are partners sharing profits in the ratio of 3:2. They contribute Rs 1,00,000 and Rs 50,000 respectively towards capital. Compute interest on capital and show…
Amit and Bramit started business on 1st april 2024 with capitals of Rs 15,00,000 and Rs 9,00,000 respectively
30:- Amit and Bramit started business on 1st April 2024 with capitals of Rs 15,00,000 and Rs 9,00,000 respectively. On 1st October 2024, they decided that their capital should be…
From the following Balance sheet of Long and Short,
29 :- From the following balance sheet of long and short, calculate interest on capital @8% p.a. for the year ended 31st March, 2025. During the year, Long withdrew Rs…
Vinod and Mohan are partners sharing profits and losses in the ratio of 4:3
28 :- Vinod and Mohan are partners sharing profits and losses in the ratio of 4:3. From the following balance sheet, Calculate interest on capital @6% p.a. for the year…
A and B are partners in the ratio of 3:2.
27 :- A and B are partners in the ratio of 3 : 2. The firm maintains Fluctuating Capital Accounts and the balance of the same as on 31st March,…
Question 26 (When interest on capital is an Appropriation of profits and profits are inadequate)
On 1st April, 2013, Jay and Vijay entered into a partnership for supplying laboratory equipments to government schools situated in remote and backward areas TS Grewal Solutions (2025 - 26)…