A, B and C were partners
65 :- A, B and C were partners. Their fixed capitals were Rs 60,000, Rs 40,000 and Rs 20,000 respectively. Their profit-sharing ratio was 2:2:1. According to the partnership deed,…
Mita and Usha are partners in a firm sharing profits in the ratio of 2:3
64:- Mita and Usha are partners in a firm sharing profits in the ratio of 2:3. Their capital accounts as on 1st April, 2015 showed balances of Rs 1,40,000 and Rs…
Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2
63:- Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3:2. On 31st March, 2025 after closing the books of account, their capital accounts…
Question 62 to 66 (Adjustments for incorrect appropriations in the past)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 62:- Ram, Mohan and Sohan were partners sharing profits in the ratio of 2:1:1. Ram withdrew Rs…
Ram, Mohan and Sohan were partners sharing profits in the ratio of 2:1:1
62:- Ram, Mohan and Sohan were partners sharing profits in the ratio of 2:1:1. Ram withdrew Rs 3,000 every month and Mohan withdrew Rs 4,000 every month. Interest on drawings…
Ram, Shyam and Mohan were partners in a firm sharing profits and losses in the ratio of 2:1:2
61:- Ram, Shyam and Mohan were partners in a firm sharing profits and losses in the ratio of 2:1:2. Their capitals were fixed at Rs 3,00,000, Rs 1,00,000, Rs 2,00,000.…
Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3:2:1
60 :- Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3:2:1. Their fixed capitals were Rs 2,00,000, Rs 1,00,000 and Rs…
Ram, Mohan and Sohan sharing profits and losses equally have opening capitals
59 :- Ram, Mohan and Sohan sharing profits and losses equally have opening capitals of Rs 1,20,000, Rs 90,000 and Rs 60,000 respectively. For the year ended 31st march 2025, interest…
Question 57 to 61 [Adjustment for incorrect appropriations in the past (past adjustments)]
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 57 :- Reya, Mona and Nisha shared profits in the ratio of 3:2:1. Profits for the last…
Atul and Gita are partners in a firm sharing profits and losses in the ratio of 3:2
58 :- Atul and Gita are partners in a firm sharing profits and losses in the ratio of 3:2. Their fixed capitals were Rs 4,00,000 and Rs 2,00,000 respectively. After…