[CBSE] Q. 6 DK Goel Fundamentals of Partnership [2024-25]
Solution of Question Number 6 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)
Q. 6 X and Y are partners with capitals of ₹ 1,00,000 and ₹ 80,000 respectively on 1st April, 2022 and their profit sharing ratio is 2 : 1. Interest on capital is agreed @ 12% pa. Y is to be allowed an annual salary of ₹ 6,000. The profit for the year ended 31st March, 2023 amounted to ₹ 50,000. Manager is entitled to a commission of 10% of the profits.
Prepare Profit and Loss Appropriation Account and Capital Accounts.
[Ans. Divisible Profit ₹ 17,400; Commission to Manager is 10% of ₹ 50,000, i.e., ₹ 5,000. Balances of Capital Accounts : X ₹ 1,23,600 and Y ₹ 1,01,400.]
Solution:-
Here is the complete index of solutions
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| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
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| 8 | Question – 8 |
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| 60 | Question – 60(A), 60(B), 60 (C) |
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| 61 | Question – 61 |
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| 91 | Question – 91 |
| 92 | Question – 92 |
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| 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 |
