[CBSE] Q. 108 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 108 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

A, B and C are partners in a firm sharing profits in the ratio of 2 : 2 : 1. According to the terms of the partnership agreement C has to get a minimum of ₹ 6,000 irrespective of the profits of the firm. Any excess payable to C on account of such guarantee shall be borne by A. Profits earned during the year ended 31st March, 2023 were ₹ 25,000. Pass journal entries in the books of the firm.

[Ans. Share of Profits A ₹ 9,000; B ₹ 10,000 and C ₹ 6,000]

Solution:-

Method – 1

Method – 2

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60Question – 60(A), 60(B), 60 (C)
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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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