[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:-
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| 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 |
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| 11 | Question – 11 |
| 12 | Question – 12 |
| 13 | Question – 13 |
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| 15 | Question – 15 |
| 16 | Question – 16 |
| 17 | Question – 17 |
| 18 | Question – 18 |
| 19 | Question – 19 |
| 20 | Question – 20 |
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| 21 | Question – 21 |
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| 23 | Question – 23 |
| 24 | Question – 24 |
| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
| 28 | Question – 28 |
| 29 | Question – 29 |
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| 31 | Question – 31 |
| 32 | Question – 32 |
| 33 | Question – 33 |
| 34 | Question – 34 |
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| 39 | Question – 39 |
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| 41 | Question – 41 |
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| 43 | Question – 43 |
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| 51 | Question – 51 |
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| 54 | Question – 54 |
| 55 | Question – 55 |
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| 57 | Question – 57 |
| 58 | Question – 58 |
| 59 | Question – 59 |
| 60 | Question – 60(A), 60(B), 60 (C) |
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| 61 | Question – 61 |
| 62 | Question – 62 |
| 63 | Question – 63 |
| 64 | Question – 64 |
| 65 | Question – 65 |
| 66 | Question – 66 |
| 67 | Question – 67 |
| 68 | Question – 68 |
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| 71 | Question – 71 |
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| 90 | Question – 90 |
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| 91 | Question – 91 |
| 92 | Question – 92 |
| 93 | Question – 93 |
| 94 | Question – 94 |
| 95 | Question – 95 |
| 96 | Question – 96 |
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| 98 | Question – 98 |
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| 100 | Question – 100 |
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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 |
