[CBSE] Q. 73 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 73 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

A, B, C and D are partners sharing profits in the ratio of 4 : 3 : 2 : 1. D is given a guarantee that his share of profits in any given year would not be less than ₹ 1,20,000. The profits for the year ended 31st March, 2023 amounted to ₹ 8,40,000. Pass necessary entries in the books of the firm.

[Ans. Final share in profits : A ₹ 3,20,000; B ₹ 2,40,000; C ₹ 1,60,000 and D ₹ 1,20,000.]

Solution:-

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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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