[CBSE] Q. 44 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 44 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

Asha, Suman and Verka were partners in a firm, their capitals were ₹ 9,00,000, ₹ 7,00,000 and ₹ 4,00,000 respectively as on 1st April, 2022. Net Profit for the year ended 31st March, 2023 was ₹ 1,20,000 which was distributed without providing for interest on capital @ 8% p.a. as per partnership deed.

Pass necessary adjusting entry.

Ans:

Verka’s Capital A/c Dr. 16,000
To Asha’s Capital A/c 14,000
To Suman’s Capital A/c 2,000

Solution:-

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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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