[CBSE] Q. 7 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 7 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25)

Asha and Lata are partners sharing profits in the ratio of 1 : 2. Asha is entitled to a salary of ₹ 2,00,000 p.a. and a commission of 8% of net profit before charging any commission. Lata is entitled to a commission of 8% of net profit after charging her commission. Net Profit for the year ended 31st March, 2024 amounted to ₹ 5,40,000.

Prepare Profit & Loss Appropriation Account.

[Ans. Share of Profit : Asha ₹ 85,600 and Lata ₹ 1,71,200.]

Solution:-

Here is the complete index of solutions

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1Question – 1
2Question – 2
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60Question – 60(A), 60(B), 60 (C)
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110Question – 110
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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his youtube channel and can download the Android & ios app for free lectures.

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