Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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.…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…

Accountancy Class 12 Fundamental of Partnership

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…