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…
Asha, Disha and Raghav were partners in a firm sharing profits and losses in the ratio of 2:3:1
77 :- Asha, Disha and Raghav were partners in a firm sharing profits and losses in the ratio of 2:3:1. According to the partnership agreement, Raghav was guaranteed an amount…
A, B and C were in partnership sharing profits and losses in the ratio of 4:2:1
76 :- A, B, and C were in partnership sharing profits and losses in the ratio of 4 : 2 : 1. It was provided that C’s share in profit…
Question 76 to 80 (Guarantee of minimum profit to a partner)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 76 :- A, B, and C were in partnership sharing profits and losses in the ratio of…
On 31st March, 2018, the balances in the capitals of Abhir, Bobby and Vineet, after making adjustments for profits and drawings were Rs 8,00,000, Rs 6,00,000 and Rs 4,00,000 respectively
72 :- On 31st March, 2018, the balances in the Capital Accounts of Abhir, Bobby and Vineet, after making adjustments for profits and drawings were Rs 8,00,000, Rs 6,00,000, and…