[CBSE] Q. 109 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 109 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

A, B and C are partners sharing profits in the ratio of 5 : 4 : 1. C is given a guarantee that his share of profits in any year will not be less than ₹ 20,000. the profit for the year ending 31st March, 2023 amounts to ₹ 1,40,000. Amount of shortfall in the profits given to C will be borne by A and B in the ratio of 3 : 2. Pass necessary journal entry regarding deficiency borne by A and B.

[Ans.]

A’s Capital A/c Dr. 3,600
B’s Capital A/c Dr. 2,400
To C’s Capital A/c 6,000

Solution:-

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1Question – 1
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60Question – 60(A), 60(B), 60 (C)
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101Question – 101
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106Question – 106
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108Question – 108
109Question – 109
110Question – 110
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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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