Question 86 to 89 (Guarantee of minimum profit to a partner)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 86 :- A and B are in partnership sharing profits and losses in the ratio of 3…
P and Q were partners in a firm sharing profits in the ratio of 5:3
85 :- P and Q were partners in a firm sharing profits in the ratio of 5:3. On 1st April 2024 they admitted R as a new partner for 1/8th share…
Anand, Ridhi and Shyam were partners in a firm sharing profits and losses in the ratio of 2:2:1
84 :- Anand, Ridhi and Shyam were partners in a firm sharing profits and losses in the ratio of 2:2:1. Their fixed capitals were Rs 1,00,000, Rs 60,000 and Rs…
Ashmit, Abbas and Karman are partners sharing profits in the ratio of 3:2:1
83 :- Ashmit, Abbas, and Karman are partners sharing profits in the ratio of 3:2:1. Abbas is guaranteed a minimum profit of Rs 1,50,000 per annum. The firm incurred a…
Nimrat, Maira and Kabir are partners sharing profits in the ratio of 2:2:1
82 :- Nimrat, Maira, and Kabir are partners sharing profits in the ratio of 2:2:1. Nimrat is guaranteed a minimum profit of Rs 1,60,000 per annum. Net Profit for the…
Parul, Prerna and Kaushal are partners sharing profits equally
81 :- Parul, Prerna, and Kaushal are partners sharing profits equally. Parul is guaranteed a minimum annual profit of Rs 2,00,000. Kaushal is to get a commission @ 5% of…
Question 81 to 85 (Guarantee of minimum profit to a partner)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 81 :- Parul, Prerna, and Kaushal are partners sharing profits equally. Parul is guaranteed a minimum annual…
Atul, Bipul and Charu are partners sharing profits equally
80 :- Atul, Bipul, and Charu are partners sharing profits equally. Bipul is guaranteed a minimum profit of Rs 2,00,000 per annum. Salary is payable to Bipul of Rs 10,000…
A, B and C are partners sharing profits in the ratio of 5:4:1
79 :- A, B, and C are partners sharing profits in the ratio of 5:4:1. C is given a guarantee that his minimum share of profits in any year would…
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…