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Category [ISC] Fundamentals of Partnership

[ISC] Fundamentals of Partnership 103 Questions

0 Votes 1 Ans

Sahaj and Nimish entered into partnership on 1st April, 2025 without a partnership deed. They introduced capital of 5,00,000 and 3,00,000 respectively

92 viewsAnurag Pathak Answered question 5 days ago[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Taran and Deep are partners sharing the profits and losses in the ratio of 2 : 3 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively

5.90K viewsAnurag Pathak Changed status to publish 5 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Puneet and Sahil are partners sharing profits and losses equally. They had opening credit balance in their Loan Accounts of ₹ 9,00,000 each

3.81K viewsAnurag Pathak Changed status to publish 5 days ago[ISC] Fundamentals of Partnership

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

5.17K viewsAnurag Pathak Changed status to publish 5 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Raman and Pawan are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively

4.19K viewsAnurag Pathak Changed status to publish 5 days ago[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Bani, Rani, and Mani are partners sharing profits and losses in the ratio of 3 : 2 : 1. Bani and Mani granted loans to the firm on 1st October 2022 of ₹ 2,00,000 and ₹ 3,00,000 respectively

6.16K viewsAnurag Pathak Changed status to publish 5 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Jay and Joy are partners in a firm sharing profits in the ratio of 3 : 2. They had given a loan to the firm of ₹ 3,00,000 in their profit sharing ratio on 1st October 2022

6.38K viewsAnurag Pathak Changed status to publish 6 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Chandan and Gurman are partners sharing profits and losses in the ratio of 2 : 3. They had opening credit balance in their Loan Accounts of ₹ 5,00,000 and ₹ 4,00,000 respectively

3.99K viewsAnurag Pathak Changed status to publish 6 days ago[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Amitabh presents the following Profit and Loss Appropriation Account to his Partner Bharat:

4.60K viewsAnurag Pathak Changed status to publish 6 days ago[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Paras and Mani started a partnership firm on 1st April, 2025 with capitals of 3,00,000 and ₹2,00,000 respectively. Their Partnership Deed had following clauses:

110 viewsAnurag Pathak Changed status to publish 6 days ago[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Parul, Agsa and Anshul are partners in a firm. Their Capital Accounts were ₹ 3,00,000, ₹ 1,50,000 and 1,50,000 respectively on 1st April, 2025.

97 viewsAnurag Pathak Answered question 6 days ago[ISC] Fundamentals of Partnership

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Tina and Meena started their partnership on 1st October, 2025 with fixed capitals of ₹ 4,50,000 and 3,75,000 respectively. On 1st January, 2026, they decided as follows:

116 viewsAnurag Pathak Changed status to publish 6 days ago[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Nimrat and Deep are partners having capitals as on 1st April, 2023 as Nimrat – ₹ 4,80,000 and Deep as ₹ 1,00,000 (Debit)

4.06K viewsAnurag Pathak Answered question June 19, 2024[ISC] Fundamentals of Partnership

0 Votes 2 Ans

Mahi, Virat and Ishant are partners in Sports goods business sharing profits and losses in the ratio of 2 : 2 : 1. Ishant is guaranteed profit of ₹ 5,00,000 per annum by Mahi and Virat

4.54K viewsAnurag Pathak Changed status to publish April 27, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Anil and Sunil are partners sharing profits and losses in the ratio of 3 : 1. On 1st April 2023, their capitals were: Anil ₹ 1,50,000 and Sunil ₹ 90,000

5.34K viewsAnurag Pathak Changed status to publish April 27, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Nihar and Ashish started business on 1st April, 2023 with fixed capitals of ₹ 5,00,000 each. On 1st October, 2023, they decided that total fixed capital of the firm ₹ 15,00,000 should be in their profit sharing ratio of 4 : 1

4.70K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

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:

6.68K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership [ISC} TS Grewal Solutions Accountancy Class 12th

0 Votes 1 Ans

Tara and Mira are in partnership sharing profits in the ratio of 3 : 2. According to the Partnership Deed, Tara is to get salary of ₹ 10,000 per month

3.80K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Amrit and Kamal started business on 1st April, 2023 with capitals of ₹ 10,00,000 and ₹ 5,00,000 respectively. Kamal withdrew ₹ 12,000 in the middle of each month

3.81K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Firoz and Asim started business on 1st June, 2023 with capitals of ₹ 5,00,000 and ₹ 2,50,000 respectively. Firoz withdrew ₹ 12,000 at the end of each month

4.12K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Pawan and Param started business on 1st July, 2023 with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively. Pawan withdrew ₹ 18,000 per quarter at the end

3.61K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Raman and Karan are in partnership from 1st April, 2023 with capitals of ₹ 10,00,000 each. Raman withdrew equal amount at the middle of every month starting

3.80K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Raj and Kiran are in partnership from 1st June, 2023 with capitals of ₹ 6,00,000 and ₹ 4,00,000 respectively. Raj withdrew same amount in the beginning of

3.93K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Ramesh and Pradeep are in partnership from 1st July, 2023 with capitals, Ramesh ₹ 3,00,000 and Pradeep ₹ 2,00,000

3.17K viewsAnurag Pathak Changed status to publish April 24, 2024[ISC] Fundamentals of Partnership

0 Votes 1 Ans

Amar and Nimrat are partners in a firm, Amar withdraws ₹ 5,000 in the beginning of the month starting from 1st April, 2023 for 6 months

4.00K viewsAnurag Pathak Changed status to publish April 23, 2024[ISC] Fundamentals of Partnership

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