Simran and Reema are partners sharing profits in the ratio of 3:2
22 :- Simran and Reema are partners sharing profits in the ratio of 3 : 2. Their capitals as on 1st April, 2024 were Rs 2,00,000 each whereas Current Accounts…
Amit and Sumit entered into partnership on 1st April, 2024 and invested Rs 1,50,000 and Rs 2,50,000 respectively
20 :- Amit and Sumit entered into a partnership on 1st April 2024 and invested Rs 1,50,000 and Rs 2,50,000 respectively as capital. The Partnership Deed provided for interest on…
Question 14 to 19 (Profit and loss appropriation account)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 14 :- Vinod and Mohan are partners. Vinod’s Capital is Rs 1,00,000 and Mohan’s Capital is Rs…
Bhanu and Pratap are sharing profits equally
19 :- Bhanu and Pratap are partners sharing profits equally. Their fixed capitals as on 1st April 2024 were Rs 8,00,000 and Rs 10,00,000 respectively. Their drawings during the year…
Reema and Seema are partners sharing profits equally
18 :- Reema and Seema are partners sharing profits equally. The partnership deed provides that both Reema and Seema will get monthly salary of Rs 15,000 each, Interest on capital…
Atul and Mithun are partners sharing profits in the ratio of 3:2
17 :- Atul and Mithun are partners sharing profits in the ratio of 3 : 2. Balances as on 1st April 2024 were as follows:Capital accounts (fixed): Atul – Rs…
X and Y are partners sharing profits in the ratio of 3:2 with capitals of Rs 8,00,000 and Rs 6,00,000 respectively
Question 16 :- X and Y are partners sharing profits in the ratio of 3 : 2 with capitals of Rs 8,00,000 and Rs 6,00,000 respectively. Interest on capital is…
X, Y and Z are partners in a firm sharing profits in the ratio of 2:2:1
Question 15:- X, Y, and Z are partners in a firm sharing profits in the ratio of 2 : 2 : 1. Fixed Capitals of the partners were: X Rs…
Vinod and Mohan are partners. Vinod ‘s capital is Rs 1,00,000 and Mohan’s capital is Rs 60,000
Question 14:- Vinod and Mohan are partners. Vinod’s Capital is Rs 1,00,000 and Mohan’s Capital is Rs 60,000. Interest on Capital is payable @ 6% p.a. Vinod is to get…
Question 9 to 13 (Interest on loan to the firm by partner and loan by the firm to partner)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 9 :- Akhil and Bimal are partners sharing profits in the ratio of 3 : 2. Akhil…