[CBSE] Q. 76 DK Goel Fundamentals of Partnership [2024-25]

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Solution of Question Number 76 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).

A, B and C are partners sharing profits in the ratio of 4 : 3 : 2. It was provided that B’s share of profit will not be less than ₹ 1,50,000 per annum. The losses for the year ended 31st March, 2024 were ₹ 85,000, before allowing interest on Loan of ₹ 1,00,000 taken from A on 1st June, 2023.

You are required to show necessary account for division of loss and pass necessary journal entries.

[Ans. (i) First of all, loss of ₹ 90,000 (₹ 85,000 + Interest ₹ 5,000) will be debited to A, B and C in 4 : 3 : 2.

(ii) Thereafter, B’s deficiency of ₹ 1,80,000 will be borne by A and C in 4 : 2.

Solution:-

Here is the complete index of solutions

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1Question – 1
2Question – 2
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56Question – 56
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59Question – 59
60Question – 60(A), 60(B), 60 (C)
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101Question – 101
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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 and can download the Android & ios app for free lectures.

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