[CBSE] Q. 13 DK Goel Fundamentals of Partnership [2024-25]

Share your love

Solution of Question Number 13 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

Lata and Mamta are partners with capitals of ₹ 3,00,000 and ₹ 2,00,000 respectively sharing profits as Lata 70% and Mamta 20%. During the year ended 31st March 2024 they earned a profit of ₹ 2,26,440 before allowing interest on partner’s loan. The terms of partnership are as follows:

(i) Interest on Capital is to be allowed @ 7% p.a.

(ii) Lata to get a salary of ₹ 2,500 per month.

(iii) Interest on Loan by Mamta to the Firm of ₹ 80,000 for the whole year.

(iv) Interest on drawings of partners at 8% per annum. Drawings being Lata ₹ 36,000 and Mamta ₹ 48,000.

(v) 1/10th of the distributable profit should be transferred to General Reserve.

Prepare the Profit and Loss Appropriation Account.

[Ans. Share of Profit : Lata ₹ 1,00,800 and Mamta ₹ 43,200.]

Solution:-

Here is the complete index of solutions

S.NQuestions
1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
8Question – 8
9Question – 9
10Question – 10
S.NQuestions
11Question – 11
12Question – 12
13Question – 13
14Question – 14
15Question – 15
16Question – 16
17Question – 17
18Question – 18
19Question – 19
20Question – 20
S.NQuestions
21Question – 21
22Question – 22
23Question – 23
24Question – 24
25Question – 25
26Question – 26
27Question – 27
28Question – 28
29Question – 29
30Question – 30
S.NQuestions
31Question – 31
32Question – 32
33Question – 33
34Question – 34
35Question – 35
36Question – 36
37Question – 37
38Question – 38
39Question – 39
40Question – 40
S.NQuestions
41Question – 41
42Question – 42
43Question – 43
44Question – 44
45Question – 45
46Question – 46
47Question – 47
48Question – 48
49Question – 49
50Question – 50
S.NQuestions
51Question – 51
52Question – 52
53Question – 53
54Question – 54
55Question – 55
56Question – 56
57Question – 57
58Question – 58
59Question – 59
60Question – 60(A), 60(B), 60 (C)
S.NQuestions
61Question – 61
62Question – 62
63Question – 63
64Question – 64
65Question – 65
66Question – 66
67Question – 67
68Question – 68
69Question – 69
70Question – 70
S.NQuestions
71Question – 71
72Question – 72
73Question – 73
74Question – 74
75Question – 75
76Question – 76
77Question – 77
78Question – 78
79Question – 79
80Question – 80
S.NQuestions
81Question – 81
82Question – 82
83Question – 83
84Question – 84
85Question – 85
86Question – 86
87Question – 87
88Question – 88
89Question – 89
90Question – 90
S.NQuestions
91Question – 91
92Question – 92
93Question – 93
94Question – 94
95Question – 95
96Question – 96
97Question – 97
98Question – 98
99Question – 99
100Question – 100
S.NQuestions
101Question – 101
102Question – 102
103Question – 103
104Question – 104
105Question – 105
106Question – 106
107Question – 107
108Question – 108
109Question – 109
110Question – 110
Share your love
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 and can download the Android & ios app for free lectures.

Articles: 6561

Leave a Reply

Your email address will not be published. Required fields are marked *

close

Ad Blocker Detected!

Our Website is made possible by displaying online advertisements to our visitors. Please consider supporting us and remove the AD - Blocker to read this article.

Refresh