Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Fundamental of Partnership TS Grewal Vol - 1

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…