[CBSE] Q. 20 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 20 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

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. In addition, Rukmani is entitled to a salary of ₹ 20,000 per month. Business is being carried from the property owned by Radha on a yearly rent of ₹ 1,20,000. Net Profit for the year ended 31st March 2024 before providing for rent was ₹ 5,50,000.

You are required to draw Profit & Loss Appropriation Account for the year ended 31st March, 2024.

[Ans. Share of Profit transferred to Radha’s Current A/c ₹ 50,000 and Rukmani’s Current A/c ₹ 1,00,000.]

Solution:-

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S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

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11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

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21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

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31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
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40	Question – 40

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41	Question – 41
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43	Question – 43
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48	Question – 48
49	Question – 49
50	Question – 50

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51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
55	Question – 55
56	Question – 56
57	Question – 57
58	Question – 58
59	Question – 59
60	Question – 60(A), 60(B), 60 (C)

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61	Question – 61
62	Question – 62
63	Question – 63
64	Question – 64
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67	Question – 67
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70	Question – 70

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71	Question – 71
72	Question – 72
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74	Question – 74
75	Question – 75
76	Question – 76
77	Question – 77
78	Question – 78
79	Question – 79
80	Question – 80

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81	Question – 81
82	Question – 82
83	Question – 83
84	Question – 84
85	Question – 85
86	Question – 86
87	Question – 87
88	Question – 88
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90	Question – 90

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91	Question – 91
92	Question – 92
93	Question – 93
94	Question – 94
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100	Question – 100

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101	Question – 101
102	Question – 102
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109	Question – 109
110	Question – 110