[CBSE] Q. 110 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 110 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

Maanika, Bhavi and Komal are partners sharing profits in the ratio of 6 : 4 : 1. Komal is guaranteed a minimum profit of ₹ 2,00,000. The firm incurred a loss of ₹ 22,00,000 for the year ended 31st March, 2018. Pass necessary journal entry regarding deficiency borne by Maanika and Bhavi and prepare Profit and Loss Account.

[Ans. (i) First of all, loss of ₹ 22,00,000 will be debited to Maanika, Bhavi and Komal in their profit sharing ratio of 6 : 4 : 1.

(ii) Thereafter, Komal’s deficiency of ₹ 4,00,000 will be borne by Maanika and Bhavi in 6 : 4.]

Solution:-

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3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
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10	Question – 10

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12	Question – 12
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14	Question – 14
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20	Question – 20

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29	Question – 29
30	Question – 30

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31	Question – 31
32	Question – 32
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52	Question – 52
53	Question – 53
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56	Question – 56
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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
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70	Question – 70

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109	Question – 109
110	Question – 110