[CBSE] Q. 67 DK Goel Fundamentals of Partnership [2024-25]

Solution of Question Number 67 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

From the following Balance Sheet of A and B, calculate interest on capital at 5% p.a. for the year ending 31st March, 2024:

Balance Sheet as at 31st March, 2024

Liabilities	₹	Assets	₹
A’s Capital B’s Capital P and L Appropriation A/c (2023-24)	1,00,000 80,000 40,000	Fixed Assets Current Assets Drawings – B	1,40,000 60,000 20,000
	2,20,000		2,20,000

Profit during the year ended 31st March, 2024 was ₹ 70,000. A and B share profits in the ratio of 2 : 1. Drawings during the year ended 31st March, 2024 were A ₹ 16,000 and B ₹ 20,000.

[Ans. Interest on Capitals : A ₹ 4,800; B ₹ 3,500.]

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