[CBSE] Q. 95 DK Goel Fundamentals of Partnership [2024-25]
Solution of Question Number 95 of the Fundamentals of partnership firm DK Goel CBSE Board (2024-25).
X, Y and Z contribute ₹ 3,00,000, ₹ 2,00,000 and ₹ 1,00,000 respectively by way of capital on which they agree to allow interest at 12% p.a. They share profits and losses in the ratio of 5 : 3 : 2. Profit for the year ended 31st March, 2024 is ₹ 60,000 before allowing interest on capitals. Prepare a Profit & Loss Appropriation Account if (i) Partnership deed is silent as to the treatment of interest as a charge or appropriation, and (ii) partnership deed provides for interest even if it involves the firm in loss.
[Ans. Case (I) Interest on capital X ₹ 30,000; Y ₹ 20,000 and Z ₹ 10,000. Case (ii) Loss X ₹ 6,000; Y ₹ 3,600 and Z ₹ 2,400.]
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 |
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| 8 | Question – 8 |
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| 11 | Question – 11 |
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| 16 | Question – 16 |
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| 25 | Question – 25 |
| 26 | Question – 26 |
| 27 | Question – 27 |
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| 31 | Question – 31 |
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| 33 | Question – 33 |
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| 55 | Question – 55 |
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| 57 | Question – 57 |
| 58 | Question – 58 |
| 59 | Question – 59 |
| 60 | Question – 60(A), 60(B), 60 (C) |
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| 61 | Question – 61 |
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| 63 | Question – 63 |
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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 |
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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 |
