Past Examination and Sample Paper Solutions| CBSE 2019| Class 12| Accounts Solutions@learnwithease
Past Examination and Sample Paper Solutions| CBSE 2019| Class 12| Accounts Solutions@learnwithease CBSE 2019 Class 12 Accounts Solutions| Past Examination and Sample Paper Solutions@learnwithease Partnership Fundamentals| Adjusting and Transfer Entries| Class 12| Accounts| Ch 1@learnwithease Solution of CBSE 2019 Questions Class 12 Accounts A , B and C were partners in a firm sharing profits and losses in the ratio of 3: 3: 4. On 1st April, 2017 the balances in their Capital and Current Accounts were as follows: Partners Capital Accounts Current Accounts A 4,00,000 Cr. 20,000 Dr. B 5,00,000 Cr. 10,000 Dr. C 6,00,000 Cr. 15,000 Dr. Their Partnership Deed provided for the following: Interest on Capital @ 9% p.a. Salary to A @ Rs.50,000 per quarter. On 1st January, 2016, C had given a loan of Rs.2,00,000 to the firm at 6% per annum interest. During the year their drawings were A Rs.40,000, B Rs.75,000 and C Rs.55,000. On 1st January, 2018, A introduced further capital Rs.2,00,000. The net profit of the firm before allowing interest on C's loan was Rs.4,00,000. Prepare Profit & Loss Appropriation Account of the firm for the year ending 31st March, 2018 and the Current Accounts of the partners. Adjusting Entries Transfer Entries Minimum Earnings Guaranteed by Partner Minimum Guaranteed Profit to Partner What is the single adjustment entry for Past adjustments How to calculate Commission payable to partners How to calculate interest on partner's loan What provisions will be applicable in absence of agreement to pay interest on loan How to calculate Interest on Drawings What is Drawings out of Profit What is drawings out of capital How to calculate Interest on Partners Capital How to calculate Interest on Partners Fixed capital Journal Entry for Interest on Partners Capital How to calculate Interest on Partners Fluctuating Capital How to prepare Partners Capital Account Two methods of preparing Partners Capital Accounts Fixed Capital Account Method Fluctuating Capital Account Method What is Profit & Loss Appropriation Account What is the Format of Profit & Loss Appropriation A/c Journal Entries of Profit & Loss Appropriation Account Practical Questions Profit & Loss Appropriation Account When to prepare Profit and Loss Appropriation Account In case of Loss whether Profit & Loss Appropriation Account is prepared What is Charge against Profit What is Appropriation Out of Profit What is Partnership Features of Partnership Characteristics of Partnership Definition of Partnership MCQs of Partnership Fundamentals Solutions of D K Goel 2025 Solutions of T S Grewal 2024 Class 12 Accounts #cbse2023class12accountssolutionspartnershipfundamentals #cbse2019class12accountssolutions #pastexaminationandsamplepapersolution #cbsepreviousyearquestionswithsolution #cbsesamplepaperclass12accounts #cbse2019class12accountspreviousyearsolutions #adjustingentries #transferentries #guaranteeofprofit #pastadjustments #rentpaidtopartner #renttopartnerjournalentries #interestonpartnersloan #commissiontopartner #journalentriesinterestonpartnersloan #interestondrawings #interestonpartnerscapital #partnerscapitalaccount #howtopreparecapitalaccountsunderfixedcapitalmethod #howtopreparepartnerscapitalaccountunderfluctuatingcapitalmethod #typesofpartnerscapitalaccount #profitandlossappropriationaccount #journalentries #formatofprofitandlossappropriationaccount #whatispartnership #featuresofpartnership #characteristicsofpartnership #definitionofpartnership #mcqsofpartnershipfundamentals #solutionsofdkgoel2025 #solutionsoftsgrewalclass12accounts #class12accounts #chargeagainstprofit #appropriationoutofprofit #fluctuatingcapitalaccount
