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Answer

Ajay, Bijay, and Chandan are partners in a firm with capitals of ₹ 1,50,000; ₹ 1,20,000, and ₹ 90,000 respectively. Their Partnership Deed provides as follows:

Solution:- TS Grewal Class 12 (2023-24) Edition ISC Board Question No. 37 Answer TS Grewal Class 12 (2024-25) Edition ISC Board Question No. 53 Answer

Anurag Pathak
April 15, 2023

Simran and Puneet are partners sharing profits equally. Their capitals as at 1st April 2022 stood at ₹ 5,00,000 and ₹ 4,00,000 respectively

Solution:-

Anurag Pathak
April 15, 2023

Akriti, Bhawna, Charu, and Deeksha are partners sharing profits as 4 : 3 : 2 :1. They earned a profit of ₹ 1,80,000 for the year ended 31st March 2023

Solution:-

Anurag Pathak
April 15, 2023

Mina, Shina, and Tina are in partnership and during the year ended 31st March 2023 earn a profit of ₹ 1,04,000. Mina and Shina are to get 5% p.a. interest on their capitals of ₹ 1,20,000 and ₹ 2,00,000 respectively

Solution:-

Anurag Pathak
April 15, 2023

Amar and Anthony are partners in a firm. Amar is entitled to a salary of ₹ 20,000 per month and a commission of 10% of the net profit before charging any commission

Solution:-

Anurag Pathak
April 15, 2023

Harish, Paresh, and Ramesh are partners and withdrew ₹ 12,000 per month on regular basis for the first six months of the financial year. Harish withdrew at the beginning of the month

Solution:-

Anurag Pathak
April 15, 2023

Calculate the interest on Amar’s drawings @ 5% if he withdrew ₹ 5,00,000 during the year.

Solution:-

Anurag Pathak
April 15, 2023

Calculate the interest on drawings of Raj @ 5% p.a. for the year ended 31st March 2023 in each of the following alternatives cases

Solution:-

Anurag Pathak
April 15, 2023

Akshay and Rajesh are partners sharing profits and losses equally with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Their drawings during the year are: Akshya’s drawings on:

Solution:-

Anurag Pathak
April 15, 2023

Gian, Rajat, and Bishan are partners sharing profits equally. Gian drew regularly ₹ 10,000 in the beginning of every month for six months 30th September

Solution:-

Anurag Pathak
April 15, 2023