[CBSE] Q. 66 DK Goel Fundamentals of Partnership [2026-27]

Solution of Question Number 66 of the Fundamentals of partnership firm DK Goel CBSE Board (2026-27)

Vidhi, Manas and Ansh were partners sharing profits and losses in the ratio of 2: 3 : 5. Ansh was given a guarantee that his share of profits in any given year would not be less than ₹1,20,000. Deficiency, if any, would be borne by Vidhi and Manas equally. Profit for the year ended 31st March, 2024 amounted to ₹2,00,000.

Pass necessary journal entries in the books of the firm for division of profits.

[Ans. Final share in profits: Vidhi: ₹40,000 ₹40,000 = ₹30,000, Manas: ₹ 60,000 – ₹10,000 = ₹50,000, Ansh: ₹1,00,000 + ₹20,000 = ₹1,20,000]

(CBSE 2025, Delhi)

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