Purav and Purvi are partners in a firm
3 :- Purav and Purvi are partners in a firm sharing profits and losses in the ratio of 2 : 1. They admit Parv into a partnership for 1/4th share…
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…
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…
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…
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…
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…
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…
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…
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…
A and B are in partnership sharing profits and losses in the ratio of 3:2
86 :- A and B are in partnership sharing profits and losses in the ratio of 3 : 2. They admit C, their manager, as a partner with effect from…