Fundamentals | Partnership | Q13,Q14,Q15,Q16 | Chapter 1| TS Grewal | Solution

#q13 #q14 #q15 #q16 #CapitalAccount #fluctuating #fixed #tsgrewal #solutions #fundamental #partnership #mananmalik #manan Solution of question number 13,14,15,16 of chapter 2 Fundamental of Partnership of TS Grewal Volume-1 2022 edition. classes ,class 12 accounts chapter 2 ts grewal solutions,class 12 chapter 2 accounts ts grewal,ts grewal class 12 chapter 2,class 12 ts grewal chapter 2 solutions,chapter 2 accounts class 12 ts grewal 2022 volume 1,class 12 ts grewal 2022 solutions chapter 2,class 12 ts grewal 2022 solutions, ts grewal book solution edition 2022, ts grewal solution class 12, partnership fundamentals solution edition 2022 partnership fundamentals chapter 2 class 12 accounts partnership fundamentals practical problems class 12 accountancy accounting for partnership firm fundamentals solutions ts grewal class 12 solutions ts grewal partnership class 12 solutions profit and loss appropriation a/c fundamentals of partnership class 12 #tsgrewalsolutions #accountancy #edition2022 Question 13: Vinod and Mohan are partners. Vinod 's Capital is ` 1,00,000 and Mohan 's Capital is ` 60,000. Interest on capital is payable @ 6% p.a. Mohan is entitled to a salary of ` 3,000 per month. Profit for the current year before interest and salary to Mohan is ` 80,000. Prepare Profit and Loss Appropriation Account. Question 14: X, Y and Z are partners in a firm sharing profits in 2 : 2 : 1 ratio. The fixed capitals of the partners were : X `5,00,000; Y ` 5,00,000 and Z ` 2,50,000 respectively. The Partnership Deed provides that interest on capital is to be allowed @ 10% p.a. Z is to be allowed a salary of ` 2,000 per month. The profit of the firm for the year ended 31st March, 2021 after debiting Z's salary was ` 4,00,000. Prepare Profit and Loss Appropriation Account. Question15. X and Y are partners sharing profits in the ratio of 3 : 2 with capitals of ` 8,00,000 and ` 6,00,000 respectively. Interest on capital is agreed @ 5% p.a. Y is to be allowed an annual salary of ` 60,000 which has not been withdrawn. Profit for the year ended 31st March, 2021 before interest on capital but after charging Y's salary amounted to `2,40,000. A provision of 5% of the profit is to be made in respect commission to the manager. Prepare an account showing the allocation profits. Page No 2.84: Question 16; Atul and Mithun are partners sharing profits m the ratio of 3: 2 Balances as on 1st April 2020 were as follows: Capita! Accounts (fixed): Atul- `5,00,000 and Mithun- `6,00,000 Loan Accounts: Atul - `3,00,000 (Cr.) and Mithun - `2,00,000 (Dr.) It was agreed to allow and charge interest @ 8% p.a. Partnership Deed provided to allow interest on capital @ 10% p.a. Interest on Drawings was charged `5,000 each. Profit before giving effect to above was `2,28,000 for the year ended 31st March, 2020. Prepare Profit and Loss Appropriation Account. accounts classes,class 12 accounts chapter 2 ts grewal solutions,class 12 chapter 2 accounts ts grewal,ts grewal class 12 chapter 2,class 12 ts grewal chapter 2 solutions,chapter 2 accounts class 12 ts grewal 2022 volume 1,class 12 ts grewal 2022 solutions chapter 2,class 12 ts grewal 2022 solutions, ts grewal book solution edition 2022, ts grewal solution class 12, partnership fundamentals solution edition 2022 partnership fundamentals chapter 2 class 12 accounts partnership fundamentals practical problems class 12 accountancy accounting for partnership firm fundamentals solutions ts grewal class 12 solutions ts grewal partnership class 12 solutions profit and loss appropriation a/c fundamentals of partnership class 12 q15 partnership fundamentals, fundamental of accounts class 12 question 15, ts grewal fundamental of partnership question 15 class 12, partnership fundamental question 15 solution class 12, t s grewal question 15 fundamental of partnership class 12 in hindi, partnership of fundamental question 15 t.s grewal class 12 for 2022-23, t s grewal solution of question 15 fundamental of partnership class 12, question no-15 fundamental of partnership t.s.grewal, fundamental question 15 t.s.grewal q16 partnership fundamentals, fundamental of accounts class 12 question 16, ts grewal fundamental of partnership question 16 class 12, partnership fundamental question 16 solution class 12, t s grewal question 16 fundamental of partnership class 12 in hindi, partnership of fundamental question 16 t.s grewal class 12 for 2022-23, t s grewal solution of question 16 fundamental of partnership class 12, question no-16 fundamental of partnership t.s.grewal, fundamental question 16 t.s.grewal