[CBSE] Q. 85 solution of Fundamentals of Partnership Firms TS Grewal Book 2022-23 Edition

Share your love

Solution of Question number 85 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2022-23 Edition?

The Partners of a firm, Alia, Bhanu, and Chand distributed the profits for the year ended 31st March 2017. ₹ 8,000 in the ratio of 3:3:2 without providing for the following adjustments:

a) Alia and Chand were entitled to a salary of ₹ 1,500 each per month.

b) Bhanu was entitled for a commission of ₹ 4,000

c) Bhanu and Chand had guaranteed a minimum profit of ₹ 35,000 p.a. to Alia, any deficiency to be borne equally by Bhanu and Chand.

Pass the necessary Journal entry for the above adjustments in the books of the firm. Show workings clearly.

Solution:-

Working Notes:-

Here is the list of all Solutions.

S.NQuestions
1.Question – 1
2.Question – 2
3.Question – 3
4.Question – 4
5.Question – 5
6.Question – 6
7.Question – 7
8.Question – 8
9.Question – 9
10.Question – 10
S.NQuestions
11.Question – 11
12.Question – 12
13.Question – 13
14.Question – 14
15.Question – 15
16.Question – 16
17.Question – 17
18.Question – 18
19.Question – 19
20.Question – 20
S.NQuestions
21.Question – 21
22.Question – 22
23.Question – 23
24.Question – 24
25.Question – 25
26.Question – 26
27.Question – 27
28.Question – 28
29.Question – 29
30.Question – 30
S.NQuestions
21.Question – 21
22.Question – 22
23.Question – 23
24.Question – 24
25.Question – 25
26.Question – 26
27.Question – 27
28.Question – 28
29.Question – 29
30.Question – 30
S.NQuestions
31.Question – 31
32.Question – 32
33.Question – 33
34.Question – 34
35.Question – 35
36.Question – 36
37.Question – 37
38.Question – 38
39.Question – 39
40.Question – 40
S.NQuestions
41.Question – 41
42.Question – 42
43.Question – 43
44.Question – 44
45.Question – 45
46.Question – 46
47.Question – 47
48.Question – 48
49.Question – 49
50.Question – 50
S.NQuestions
51.Question – 51
52.Question – 52
53.Question – 53
54.Question – 54
55.Question – 55
56.Question – 56
57.Question – 57
58.Question – 58
59.Question – 59
60.Question – 60
S.NQuestions
61.Question – 61
62.Question – 62
63.Question – 63
64.Question – 64
65.Question – 65
66.Question – 66
67.Question – 67
68.Question – 68
69.Question – 69
70.Question – 70
S.NQuestions
71.Question – 71
72.Question – 72
73.Question – 73
74.Question – 74
75.Question – 75
76.Question – 76
77.Question – 77
78.Question – 78
79.Question – 79
80.Question – 80
S.NQuestions
81.Question – 81
82.Question – 82
83.Question – 83
84.Question – 84
85.Question – 85
86.Question – 86
87.Question – 87
88.Question – 88
Share your love
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

Articles: 7052

One comment

  1. Sir i want ask that in this question it is not given that profit ratio was wrong so why did you have taken back the profit

Leave a Reply

Your email address will not be published. Required fields are marked *

x