[CBSE] Q. 71 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 71 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

A, B and C were partners in a firm sharing profits in the ratio of 1 : 2 : 3. B was guaranteed a profit of ₹ 2,00,000. Any deficiency on account of guarantee to B was to be borne by A and C in 1 : 4 ratio. The profit of the firm for the year ended 31.3.2023 amounted to ₹ 4,20,000.

Prepare Profit and Loss Appropriation Account.

[Ans. Share of Profit A ₹ 58,000; B ₹ 2,00,000 and C ₹ 1,62,000.]

Solution:-

Here is the complete index of solutions

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1Question – 1
2Question – 2
3Question – 3
4Question – 4
5Question – 5
6Question – 6
7Question – 7
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10Question – 10
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11Question – 11
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25Question – 25
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57Question – 57
58Question – 58
59Question – 59
60Question – 60(A), 60(B), 60 (C)
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62Question – 62
63Question – 63
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66Question – 66
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71Question – 71
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90Question – 90
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91Question – 91
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100Question – 100
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101Question – 101
102Question – 102
103Question – 103
104Question – 104
105Question – 105
106Question – 106
107Question – 107
108Question – 108
109Question – 109
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 for free lectures

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