Reya, Mona and Nisha shared profits in the ratio of 3:2:1
57:- Reya, Mona and Nisha shared profits in the ratio of 3:2:1. Profits for the last three years were Rs 1,40,000, Rs 84,000 and Rs 1,06,000 respectively. These profits were…
Question 56 (Adjusting and Transfer entries)
Aditi, Bobby and Krish were partners in a firm sharing profits and losses in the ratio of 5:3:2 56 :- Aditi , Bobby and Krish were partners in a firm…
Kabir, Zoravar and Parul are partners sharing profits in the ratio of 5:3:2
55:- Kabir, Zoravar and Parul are partners sharing profits in the ratio of 5:3:2. Their capitals as on 1st April, 2024 were: Kabir – Rs 5,20,000, Zoravar – Rs 3,20,000…
Question 54 to 55 (Appropriations more than available profits)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 54 :- Neeraj and Surya are partners sharing profits and losses in the ratio of 2:1. Their…
Neeraj and Surya are partners sharing profits and losses in the ratio of 2:1
54:- Neeraj and Surya are partners sharing profits and losses in the ratio of 2:1. Their capitals are Rs 4,00,000 and Rs 2,00,000 respectively. Neeraj is entitled to interest on…
Question 51 to 53 (Transfer of profits to reserve)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 51 :- Amit, Binita, and Charu are the three partners. On 1st April 2024, their capitals stood…
Ali and Bahadur are partners in a firm sharing profits and losses as Ali 70% and Bahadur 30%
53 :- Ali and Bahadur are partners in a firm sharing profits and losses as Ali 70% and Bahadur 30%. Their respective capitals as at 1st April 2024, stands as Ali…
Sajal and Kajal are partners sharing profits and losses in the ratio of 2:1
52:- Sajal and Kajal are partners sharing profits and losses in the ratio of 2:1. On 1st April, 2024 their capitals were: Sajal – Rs 5,00,000 and Kajal – Rs 4,00,000Prepare…
Amit, Binita and Charu are three partners
51 :- Amit, Binita, and Charu are the three partners. On 1st April, 2024, their capitals stood as: Amit Rs 1,00,000, Binita Rs 2,00,000, and Charu Rs 3,00,000. It was…
Question 47 to 50 (Profit and Loss Appropriation Account)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 47 :- Amit and Vijay started a partnership business on 1st April, 2024. Capital invested by them were…