Ram, Raj and George are partners sharing profits in the ratio 5 : 3 : 2
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The partnership agreement between Maneesha and Girish provides that Profits will be shared equally:
Solution:- The rate of interest on Drawings is 5% p.a. Thus the drawings should be calculated for an average of 6 months. The answer in the NCERT book is wrong. they have calculated interest on drawings for 12 months.
Lokesh and Azad are partners sharing profits in the ratio 3 : 2 with capitals of ₹ 50,000 and 30,000, respectively
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Rakhi and Shikha are partners in a firm, with capitals of ₹ 2,00,000 and ₹ 3,00,000 respectively
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Aakriti and Bindu entered into partnership for making garment on April 01, 2019 without any Partnership agreement
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Anubha and Kajal are partners of a firm sharing profits and losses in the ratio of 2 : 1. Their capital, were ₹ 90,000 and ₹ 60,000
Solution:- Working Notes:-
Triphati and Chauhan are partners in a firm sharing profits and losses in the ratio of 3 : 2
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Following balances have been extracted from the books of Rama Ltd., on 31st March
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Prepare Balance Sheet of Samsung Ltd. as at 31st March, 2023 from the details given below:
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Following balances have been extracted from the books of R.K. Jewellers Ltd. as at 31st March
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