Bat and ball are partners sharing profits in the ratio of 3:2:1
7 :- Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of Rs 1,20,000 and Rs 60,000 respectively. On 1st October 2024,…
Question 1 to 5 (Partnership deed)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 1 :- In The absence of a Partnership Deed, State the provisions of the Partnership Act, 1932…
Harshad and Dhiman are in partnership since 1st April 2024
5 :- Harshad and Dhiman are in partnership since 1st April 2024. No Partnership agreement was made. They contributed Rs 4,00,000 and Rs 1,00,000 respectively as capitals. In addition, Harshad…
Barun, Tarun and Shivam are partners in a firm and do not have a partnership deed.
4 :- Barun, Tarun, and Shivam are partners in a firm and do not have a partnership Deed. Barun introduced further capital of Rs 5,00,000 on 1st October 2024. Whereas…
Following differences have arisen among P, Q and R. State who is correct in each case:
3 :- Following differences have arisen among P, Q and R. State who is correct in each case:(a) P used Rs 50,000 belonging to the firm and earned a profit…
Mahesh, Ramesh and Suresh are partners in a firm
2 :- Mahesh, Ramesh, and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the Business, they faced…
Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2
6 :- Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2. They had given loan to the firm of Rs 30,000 in their profit-sharing…
Question 6 to 8 (Interest on loan by partner to the firm)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 6. Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2. They…
In the absence of partnership deed, State the provisions of the partnership act, 1932 relating to
1 :- In The absence of a Partnership Deed, State the provisions of the Partnership Act, 1932 relating to: a) Salaries of Partnersb) Interest on partner’s capitalsc) Interest on loan…
TS Grewal Volume 1 Solutions 2025 – 26 Chapter 1 – Accouting for partnership firms – Fundamentals
Question 1 to 5 (Partnership Deed)Question 6 to 8 (Interest on loan by partner to the firm)Question 9 to 13 (Interest on Loan to the firm by Partner and Loan…