[CBSE] Q. 58 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 58 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

After the accounts of a partnership have been drawn up and the books closed off, it is discovered that for the years ended 31st March, 2023 and 2024, interest has been credited to the partners upon their capitals at 5% per annum although, no provision for interest is made in the partnership agreement.

The amounts involved are: Interest Credited

Year	A	B	C
2023	4,200	2,400	1,320
2024	4,320	2,520	1,320

You are required to put through adjusting entry as on 1st April, 2024, if the profits were shared as follows in 2023, 2 : 2 : 1 and in 2024, 3 : 4 : 3.

A’s Capital a/c Dr. 2,904
To B’s Capital A/c 1,512
To C’s Capital A/c 1,392

Solution:-

Here is the complete index of solutions

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Questions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19
20	Question – 20

S.N	Questions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Questions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36
37	Question – 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Questions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49
50	Question – 50

S.N	Questions
51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
55	Question – 55
56	Question – 56
57	Question – 57
58	Question – 58
59	Question – 59
60	Question – 60(A), 60(B), 60 (C)

S.N	Questions
61	Question – 61
62	Question – 62
63	Question – 63
64	Question – 64
65	Question – 65
66	Question – 66
67	Question – 67
68	Question – 68
69	Question – 69
70	Question – 70

S.N	Questions
71	Question – 71
72	Question – 72
73	Question – 73
74	Question – 74
75	Question – 75
76	Question – 76
77	Question – 77
78	Question – 78
79	Question – 79
80	Question – 80

S.N	Questions
81	Question – 81
82	Question – 82
83	Question – 83
84	Question – 84
85	Question – 85
86	Question – 86
87	Question – 87
88	Question – 88
89	Question – 89
90	Question – 90

S.N	Questions
91	Question – 91
92	Question – 92
93	Question – 93
94	Question – 94
95	Question – 95
96	Question – 96
97	Question – 97
98	Question – 98
99	Question – 99
100	Question – 100

S.N	Questions
101	Question – 101
102	Question – 102
103	Question – 103
104	Question – 104
105	Question – 105
106	Question – 106
107	Question – 107
108	Question – 108
109	Question – 109
110	Question – 110