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…
Sajal and Kajal are partners sharing profits and losses in the ratio of 2:1
52:- Sajal and Kajal are partners sharing profits and losses in the ratio of 2:1. On 1st April, 2024 their capitals were: Sajal – Rs 5,00,000 and Kajal – Rs 4,00,000Prepare…
Question 47 to 50 (Profit and Loss Appropriation Account)
TS Grewal Solutions (2025 - 26) - Accounting for partnership firm - Fundamentals 47 :- Amit and Vijay started a partnership business on 1st April, 2024. Capital invested by them were…
Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4:3:3
50 :- Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4:3:3. Their fixed capitals on 1st April, 2018 were Rs 9,00,000 , 5,00,000 and…
Amit and Vijay started a partnership business on 1st April, 2024
47 :- Amit and Vijay started a partnership business on 1st April 2024. Capital invested by them were Rs 2,00,000 and Rs 1,50,000 respectively. The partnership deed provided as follows: Interest…
Question 26 (When interest on capital is an Appropriation of profits and profits are inadequate)
On 1st April, 2013, Jay and Vijay entered into a partnership for supplying laboratory equipments to government schools situated in remote and backward areas TS Grewal Solutions (2025 - 26)…
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…
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…
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…