[CBSE] Q. 81 DK Goel Fundamentals of Partnership [2024-25]
Solution of Question Number 81 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).
A, B and C were partners in a firm having capitals of ₹ 1,00,000; ₹ 1,00,000 and ₹ 2,00,000 respectively. According to the partnership deed the partners were entitled to interest on capital @ 6% p.a. A being the working partner was also entitled to a salary of ₹ 5,000 per month. The profits were to be divided as follows:
(a) The first ₹ 40,000 in the ratio of 2 : 3 : 5.
(b) Next ₹ 80,000 in the proportion of their capitals.
(c) Remaining profits to be shared equally.
The firm made a profit of ₹ 2,70,000 for the year ended 31st March, 2024 before charging any of the above items. Prepare the Profit & Loss Appropriation Account and pass necessary journal entry for apportionment of profits.
Solution:-
Here is the complete index of solutions
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| 1 | Question – 1 |
| 2 | Question – 2 |
| 3 | Question – 3 |
| 4 | Question – 4 |
| 5 | Question – 5 |
| 6 | Question – 6 |
| 7 | Question – 7 |
| 8 | Question – 8 |
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| 11 | Question – 11 |
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| 15 | Question – 15 |
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| 21 | Question – 21 |
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| 25 | Question – 25 |
| 26 | Question – 26 |
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| 31 | Question – 31 |
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| 43 | Question – 43 |
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| 51 | Question – 51 |
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| 54 | Question – 54 |
| 55 | Question – 55 |
| 56 | Question – 56 |
| 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 |
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| 71 | Question – 71 |
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| 81 | Question – 81 |
| 82 | Question – 82 |
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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 |
| 97 | Question – 97 |
| 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 |
