[CBSE] Q. 107 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 107 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

X, Y and Z are partners sharing profits and losses in the ratio of 3 : 2 : 1 with a minimum profit of ₹ 1,00,000 for Z . the profits for the year ended March 31, 2023 amounted to ₹ 4,80,000. Pass necessary journal entries in the books of the firm.

[Ans. Share of Profits X ₹ 2,28,000; Y ₹ 1,52,000 and Z ₹ 1,00,000]

Solution:-

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