[CBSE] Q. 66 DK Goel Fundamentals of Partnership [2024-25]
Solution of Question Number 66 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).
A and B are partners sharing profits and losses in the ratio of 3 : 1. Following is the Balance Sheet of the firm as at 31st March, 2024.
| Liabilities | ₹ | Assets | ₹ |
| A’s Capital B’s Capital | 90,000 30,000 | Drawings: A B Sundry Assets | 12,000 6,000 1,02,000 |
| 1,20,000 | 1,20,00 |
Profit for the year ended 31st March, 2024 ₹ 24,000 was divided between the partners in their profit sharing ratio, but interest on capital at 5% p.a. and on drawings at 6% p.a. was inadvertenty ignored. Give the necessary adjustment entry for the adjustment of interest. Interest on drawings may be calculated on an average basis for 6 months.
Ans:
B’s Capital A/c Dr. 45
To A’s Capital A/c 45
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 |
| 37 | Question – 37 |
| 38 | Question – 38 |
| 39 | Question – 39 |
| 40 | Question – 40 |
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| 41 | Question – 41 |
| 42 | Question – 42 |
| 43 | Question – 43 |
| 44 | Question – 44 |
| 45 | Question – 45 |
| 46 | Question – 46 |
| 47 | Question – 47 |
| 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) |
| S.N | Questions |
| 61 | Question – 61 |
| 62 | Question – 62 |
| 63 | Question – 63 |
| 64 | Question – 64 |
| 65 | Question – 65 |
| 66 | Question – 66 |
| 67 | Question – 67 |
| 68 | Question – 68 |
| 69 | Question – 69 |
| 70 | Question – 70 |
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| 71 | Question – 71 |
| 72 | Question – 72 |
| 73 | Question – 73 |
| 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 |
| 89 | Question – 89 |
| 90 | Question – 90 |
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| 91 | Question – 91 |
| 92 | Question – 92 |
| 93 | Question – 93 |
| 94 | Question – 94 |
| 95 | Question – 95 |
| 96 | Question – 96 |
| 97 | Question – 97 |
| 98 | Question – 98 |
| 99 | Question – 99 |
| 100 | Question – 100 |
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| 101 | Question – 101 |
| 102 | Question – 102 |
| 103 | Question – 103 |
| 104 | Question – 104 |
| 105 | Question – 105 |
| 106 | Question – 106 |
| 107 | Question – 107 |
| 108 | Question – 108 |
| 109 | Question – 109 |
| 110 | Question – 110 |
