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…
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…
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…
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…
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…
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…
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…
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…