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Net Profit

Home » Net Profit
Posted inAccountancy Class 12 Fundamental of Partnership

On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net profit

73 :- On 31st March 2023, the capitals of Raghav and Diya stood at Rs 4,00,000 and Rs 3,00,000 respectively after the necessary adjustments in respect of drawings and net…
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Posted inAccountancy Class 12 Fundamental of Partnership

Asha, Disha and Raghav were partners in a firm sharing profits and losses in the ratio of 2:3:1

77 :- Asha, Disha and Raghav were  partners in a firm sharing profits and losses in the ratio of 2:3:1. According to the partnership agreement, Raghav was guaranteed an amount…
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Posted inAccountancy Class 12 Fundamental of Partnership

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…
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Posted inAccountancy Class 12 Fundamental of Partnership

Question 23 to 25 (Fluctuating capital)

TS Grewal solutions : Accounting for partnership firms - Fundamentals 23 :- Anita and Ankita are partners sharing profits equally. Their capitals, maintained following Fluctuating Capital Accounts Method, as on…
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Posted inAccountancy Class 12 Fundamental of Partnership

Ashish and Aakash are partners sharing profits in the ratio of 3:2

24 :- Ashish and Aakash are partners sharing profits in the ratio of 3:2. Their capitals accounts have credit balances of Rs 5,00,000 and Rs 6,00,000 respectively as on 31st…
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Posted inAccountancy Class 12 Fundamental of Partnership

Arita and Ankita are partners sharing profits equally.

23:- Anita and Ankita are partners sharing profits equally. Their capitals, maintained following Fluctuating Capital Accounts Method, as on 1st April 2024 were Rs 5,00,000 and Rs 4,00,000 respectively. Partnership…
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Posted inAccountancy Class 12 Fundamental of Partnership

Question 20 to 22 (Fixed Capital)

TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 20 :-  Amit and Sumit entered into a partnership on 1st April 2024 and invested Rs 1,50,000…
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Posted inAccountancy Class 12 Fundamental of Partnership

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…
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Kamal and Kapil are partners having fixed capitals of Rs 5,00,000 each as on 1st April, 2024.

21 :-  Kamal and Kapil are partners having fixed capitals of Rs 5,00,000 each as on 1st April, 2024. Kamal introduced further capital of Rs 1,00,000 on 1st January, 2025 whereas…
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Posted inAccountancy Class 12 Fundamental of Partnership

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…
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