Piyush, Harmesh and Atul are partners
46 :- Piyush, Harmesh and Atul are partners. Each partner regularly withdraw Rs 20,000 per month as given below: Piyush withdrew in the beginning of the month Harmesh withdrew in…
A, B and C are partners. During the year ended 31st march 2025, each of the partners withdrew Rs 10,000 regularly
45 :- A, B, and C are partners. During the year ended 31st March 2025, each of the partners withdrew Rs 10,000 regularly. A withdrew in the beginning of the…
The Capital accounts of Tisha and Divya showed credit balances of Rs 10,00,000 and Rs 750,000 respectively
44:- The capital accounts of Tisha and Divya showed credit balances of Rs 10,00,000 and Rs 7,50,000 respectively after taking into account drawings and net profit of Rs 5,00,000. The…
Calculate Interest on drawings of Sanjay @10% p.a. for the year ended 31st March, 2025
Question 43 - Calculate interest on drawings of Sanjay @ 10% p.a. for the year ended 31st March 2024, in each of the following alternative cases:Case 1. If he withdrew…
Question 36 to 41 (Calculation of interest on partner’s drawings, Amount of Drawings and Rate of interest on Drawings)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 36 :- Ram and Mohan, two partners, drew for their personal use Rs 1,20,000 and Rs 80,000.…
Question 32 to 35 (Salary or Commission to partners)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 32 :- Shiv, Mohan, and Gopal are partners sharing profits and losses in the ratio of 2…
X and Y are partners in a firm.
35 :- X and Y are partners in a firm. X is entitled to a salary of Rs 10,000 per month and a commission of 10% of the net profit…
A, B, C and D are partners in a firm sharing profits in the ratio of 4:3:2:1
34 :- A, B, C, and D are partners in a firm sharing profits in the ratio of 4 : 3 : 2 :1. The firm earned a net profit…
Question 27 to 31 (Calculation of interest on Partner’s capital)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 27 :- A and B are partners in the ratio of 3 : 2. The firm maintains…
Sumit and Namit are partners sharing profits in the ratio of 3:2
31 :- Sumit and Namit are partners sharing profits in the ratio of 3:2. They contribute Rs 1,00,000 and Rs 50,000 respectively towards capital. Compute interest on capital and show…