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Answer

A, B and C are partners in a firm sharing profits and losses equally. On 1st April, 2023 their fixed capitals were ₹ 8,00,000, ₹ 6,00,000 and ₹ 6,00,000 respectively. On 1st October 2023, A advanced ₹ 1,00,000 to the firm whereas C took a loan of ₹ 1,50,000 from the firm on the same date

Solution:-

Anurag Pathak
May 24, 2024

Raj, Mehak and Divya were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1. Their respective capitals were : ₹ 6,00,000, ₹ 4,00,000 and ₹ 2,00,000

Solution:-

Anurag Pathak
May 23, 2024

A, B and C are partners sharing the profits and losses in the ratio of 2 : 3 : 5. On 1st July, 2023, A and B granted loans of ₹ 2,00,000 and ₹ 1,00,000 respectively to the firm

Solution:-

Anurag Pathak
May 23, 2024

Lata and Mamta are partners with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively sharing profits as Lata 70% and Mamta 20%. During the year ended 31st March 2024 they earned a profit of ₹ 2,26,440 before allowing interest on partner’s loan

Solution:-

Anurag Pathak
May 23, 2024

Aru and Esha are partners sharing profits equally. Esha had given loan of ₹ 4,00,000 to the firm on 1st October 2023 and it was agreed that interest will be paid @ 9% p.a

Solution:-

Anurag Pathak
May 23, 2024

A, B and C entered into partnership on 1st April 2022 with capitals of ₹ 10,00,000, ₹ 8,00,000 and ₹ 5,00,000 respectively. On 1st July 2022, B advanced ₹ 2,00,000 and on 1st December 2022 C advanced ₹ 1,00,000 by way of loans to the firm

Solution:-

Anurag Pathak
May 23, 2024

A, B and C were partners in a firm having capitals of ₹ 2,00,000; ₹ 2,00,000 and ₹ 80,000 respectively on 1st April, 2022. Their Current Account balances were A : ₹ 20,000; B : ₹ 10,000 and C : ₹ 5,000 (Dr.)

Solution:-

Anurag Pathak
May 23, 2024

Y and Z are partners with capitals of ₹ 2,50,000 and ₹ 1,50,000 respectively on 1st April, 2023. Each partner is entitled to 9% p.a. interest on his capital. Z is entitled to a salary of ₹ 60,000 p.a. together with a commission of 6% of Net Profit after charging his commission

Solution:-

Anurag Pathak
May 23, 2024

A and B are partners in a firm sharing profits or losses in the ratio of 2 : 3 with capitals of ₹ 4,00,000 and ₹ 8,00,000 respectively on 1st April, 2023. Each partner is entitled to 10% p.a

Solution:-

Anurag Pathak
May 23, 2024

Asha and Lata are partners sharing profits in the ratio of 1 : 2. Asha is entitled to a salary of ₹ 2,00,000 p.a. and a commission of 8% of net profit before charging any commission

Solution:-

Anurag Pathak
May 23, 2024