Ask question Search Order By: ActiveCategoryClear Filter 0 Votes 1 Ans Yogi and Hari are in partnership sharing profits and losses in the ratio of 3 : 1. On 1st April 2021, their capitals were ₹ 2,00,000 and ₹ 1,80,000. The terms of their partnership are as follows: 3.16K viewsAnurag Pathak Changed status to publish 9 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Show how the following will be shown in the Capital Accounts of the partner’s John and Mathew when their capitals are fluctuating: 1.01K viewsAnurag Pathak Changed status to publish 11 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Abhay, Amit, and Ankit are partners in a firm sharing profits in the ratio of 2 : 2 : 1. Fixed Capitals as on 1st April 2022 of the partners were: 1.55K viewsAnurag Pathak Changed status to publish 13 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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: 1.95K viewsAnurag Pathak Changed status to publish 16 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 1.73K viewsAnurag Pathak Changed status to publish 19 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 1.23K viewsAnurag Pathak Changed status to publish 22 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 1.64K viewsAnurag Pathak Changed status to publish 25 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 2.18K viewsAnurag Pathak Changed status to publish 28 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 1.22K viewsAnurag Pathak Changed status to publish 31 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate the interest on Amar’s drawings @ 5% if he withdrew ₹ 5,00,000 during the year. 1.08K viewsAnurag Pathak Changed status to publish 34 mins ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate the interest on drawings of Raj @ 5% p.a. for the year ended 31st March 2023 in each of the following alternatives cases 1.02K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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: 1.63K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans 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 2.40K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Calculate interest on the drawings of Mahesh @ 5% p.a. for the year ended 31st March 2023 in each of the following alternatives cases: 1.12K viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans A partner makes drawings of ₹ 2,500 per month. As per the Partnership Deed, interest is to be charged @ 6% p.a. What is the interest that would be charged to the partner if the drawings are made: 886 viewsAnurag Pathak Changed status to publish 3 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Ram and Shyam are partners sharing profits equally. Ram drew regularly ₹ 4,000 at the end of every month starting from 31st October 2022 for six months ending 31st March 1.34K viewsAnurag Pathak Changed status to publish 5 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Veeru and Jai are partners sharing profits equally. Veeru drew regularly ₹ 4,000 in the beginning of every month for six months ended 30th September 1.67K viewsAnurag Pathak Changed status to publish 5 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Prem and Priya, two partners draw for their personal use ₹ 60,000 and ₹ 40,000 respectively. Interest is chargeable @ 6% p.a. on the drawings 873 viewsAnurag Pathak Changed status to publish 5 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital 1.55K viewsAnurag Pathak Changed status to publish 5 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 0 Votes 1 Ans Bala and Rajan are partners sharing profits in the ratio of 3 : 2 with capitals of ₹ 5,00,000 and ₹ 4,00,000 respectively. Pass the necessary Journal entry or entries and show the distribution of profit or loss for the year ended 31sst March 2023 by preparing relevant accounts in each of the following cases: 1.36K viewsAnurag Pathak Changed status to publish 5 hours ago[ISC] Fundamentals of Partnership[ISC} TS Grewal SolutionsAccountancy Class 12th 1 2 … 170 171 Question and answer is powered by anspress.net