Category [CBSE] DK Goel Fundamentals Partnership [CBSE] DK Goel Fundamentals Partnership 118 Questions Ask question Search Order By: ActiveClear Filter 0 Votes 1 Ans A and B are partners sharing profits and losses equally with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Their drawings during the year ending on 31st March, 2023 are as follows 144 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans Gupta is a partner in a firm. He drew regularly ₹ 800 at the end of every month for the six months ending 31st March, 2024. Calculate interest on drawings at 15% p.a 124 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans Mr. Ashok Gupta is a partner in a firm. He withdrew the following amounts during the year ended 31st March, 2024 156 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans A is a partner in a firm. During the year ended 31st March, 2024, A’s drawings were: 119 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans X and Y are partners in a firm sharing profits and losses in the ratio of 3 : 2 with capitals of ₹ 10,00,000 and ₹ 5,00,00 respectively. As per the partnership deed, they are to be allowed interest on capital @ 8% p.a 167 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans A and B are partners in a firm sharing profits in the ratio of 1 : 2. Their capitals on 1st April 2023 were ₹ 4,00,000 and ₹ 6,00,000 respectively 145 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans A and B are partners sharing profits and loss in the ratio of their capitals which were ₹ 6,00,000 and ₹ 4,00,000 respectively on 1st April 2023. The partnership deed provides that: 160 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans Radha and Rukmani are partners in a firm with fixed capitals of ₹ 2,00,000 and ₹ 3,00,000 respectively. They share profits in the ratio of 1 : 2. Both partners are entitled to interest on capitals @ 8% per annum 118 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans Kia and Siya are partners in a firm sharing profits equally. Siya has given her property on rent to the firm on a monthly rent of ₹ 25,000. The firm paid her rent from April 2023 to January 2024 by cheque on 10th February 2024 123 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans Hemant and Sameer are partners in a firm. On 1st December 2023, Hemant gave a loan to the firm of ₹ 5,00,000. On the same date, the firm gave a loan of ₹ 2,00,000 to Sameer 130 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans Krish and Tarun were partners in a firm. Firm gave a loan of ₹ 5,00,000 to Tarun on 1st September 2023. Interest was agreed to be charged at 9% p.a 104 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 ₹ 2,00,000 151 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 150 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 125 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 180 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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.) 153 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 236 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans A, B and C were partners in a firm having capitals of ₹ 1,00,000; ₹ 1,00,000 and ₹ 2,00,000 respectively. According to the partnership deed the partners were entitled to interest on capital @ 6% p.a 163 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 177 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans X, Y and Z are partners with capitals of ₹ 4,00,000; ₹ 3,00,000 and ₹ 2,00,000 respectively. They charge 8% p.a. interest on their capitals are divide the profits in the ratio of 3 : 2 : 1 120 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 197 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans 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 135 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans X and Y are partners with capitals of ₹ 1,00,000 and ₹ 80,000 respectively on 1st April, 2022 and their profit sharing ratio is 2 : 1. Interest on capital is agreed @ 12% pa 181 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans Anubha and Kajal entered into partnership sharing profits and losses in the ratio of 2 : 1. Their Capitals were ₹ 90,000 and ₹ 60,000. The profit during the year were ₹ 45,000 119 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 0 Votes 1 Ans On 1st April, 2023 A and B commenced business with Capitals of ₹ 6,00,000 and ₹ 2,00,000 respectively. On 31st March, 2024 the net profit (before taking into account the provisions of deed) was ₹ 2,40,000 130 viewsAnurag Pathak Changed status to publish June 12, 2024[CBSE] DK Goel Fundamentals Partnership[CBSE] DK Goel Solutions Class 12 « Previous 1 2 3 4 5 Next » Question and answer is powered by anspress.net