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…
Parul, Paresh and Rahul are partners in a firm
13 :- Parul, Paresh, and Rahul are partners in a firm. The firm gave a loan to Rahul on 1st February, 2025 of Rs 6,00,000. Interest was agreed to be…
Atul, Jetha and Tarak are partners sharing profits equally
12 :- Atul, Jetha, and Tarak are partners sharing profits equally. Jetha was given a loan by the firm on 1st July, 2024 of Rs 6,00,000. Books are closed on…
Ankit, Bhanu and Charu are partners in a firm sharing profits and losses equally with capital of Rs 2,50,000 each
11 :- Ankit, Bhanu, and Charu are partners in a firm sharing profits and losses equally with a capital of Rs 2,50,000 each. On 1st October, 2024, Ankit and Bhanu…