Solutions Fundamentals of Partnership TS Grewal Class 12

Solutions Fundamentals of Partnership TS Grewal Class 12 [2025-26]

Questions No. 1 to 5

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Question No. 6 to 8



Questions No. 9 to 13



Questions No. 14 to 19

Q14. Vinod and Mohan are partners. ……. Prepare Profit & Loss Appropriation Account.

Q15. X, Y and Z are partners in a firm …… Prepare Profit & Loss Appropriation Account.

Q16. X and Y are partners sharing profits ……. showing the allocation of profits.

Q17. Atul and Mithun are partners sharing …… Prepare Profit & Loss Appropriation Account.

Q18. Reema and Seema are partners sharing ……… for the year ended 31st March, 2025.

Q19. Bhanu and Partap are partners sharing profits equally …… Prepare Profit & Loss Appropriation Account.

Partners’ Capital Accounts

Fixed Capital

Q20. Amit and Sumit entered into partnership …… for allowing interst on capital.

Q21. Kamal and Kapil are partners having fixed capitals ……. prepare Profit & Loss Appropriation Account.

Q22. Simran and Reema are partners sharing profits …… prepare Profit & Loss Appropriation Account for the year.

Fluctuating Capital

Q23. Anita and Ankita are partners sharing profits ……… for transfer of interst on capital.

Q24. Ashish and Aakash are partners sharing profits …… prepare Profit & Loss Appropriation Account.

Q25. Naresh and Sukesh are partners with capitals …….. and distribution of profit.

When Interest on Capital is an Appropriation and Profits are Inadequate

Q26. On 1st April, 2013, Jay and Vijay entered into …….. Appropriation Account’ of Jay and Vijay for the year.

Calculation on Interest on Partner’s Capitals

Q27. A and B are partners in the ratio of 3 : 2……. Show your workings clearly.

Q28. Vinod and Mohan are partners sharing …….. Profit during the year was ₹ 64,000.

Q29. From the followng Balance Sheet …… transferred to General Reserve.

Q30. Amit and Bramit started business ……. for the year ended 31st March, 2025.

Q31. Sumit and Namit are partners sharing …….. the profit for the year ₹ 6,000.

Salary or Commission to Partners

Q32. Shiv, Mohan and Gopal are partners ………. commission payable to Shiv.

Q33. Abha, Bobby and Vineet are partners shaing ……. commission payable to Vineet.

Q34. A, B, C and D are partners ……. of profits among the partners.

Q35. X and Y are partners in a firm …… Show distribution of profit.

Calculation of Interest on Partner’s Drawings, Amount of Drawings and Rate of Interest on drawings

Q36. Ram and Mohan, two partners, …….. of interest chargeable from each partner?

Q37. Brij and Mohan are partners …….. partners using the appropriate formula.

Q38. Dev withdrew ₹ 10,000 on 15th …….. interest on Dev’s Drawings.

Q39. One of the partners in a partnership …….. drawings at the rate of 6% per annum.

Q40. A and B are partners sharing profits equally………… of six months ended 30th September, 2024.

Q41. A and B are partners sharing profits equally………… of six months ended 30th September, 2024.

Q42. B and C are partners sharing profits equally ……….. for the year ended 31st March, 2025.

Q43. Calculate interest on drawings of Sanjay ………… during the middle of eah quarter.

Q44. The capital accounts of Tisha and Divya showed ……… for the year ended 31st March, 2025.

Q45. A, B and C are partners. ……….. for the year ended 31st March, 2025.

Q46. Piyush, Harmesh and Atul are partners. ………. interest charged on drawings.

Profit & Loss Appropriation Account and Partner’s Capital Accounts

Q47. Amit and Vijay started a partnership ………… Prepare Profit & Loss Appropriation Account.

Q48. A and B are partners sharing pfoits and losses ………… and Partner’s Capital Accounts.

Q49. A, B and C were partners in a firm having ………. for the appropriation of profit.

Q50. Yadu, Vidu and Radhu were partners …….. for the year ending 31st March, 2019.

Transfer of Profit to Reserve

Q51. Amit, Binita and Charu are three partners. ……… the capital Accoutns of the Partners.

Q52. Sajajl and Kagal are partners ………. ended 31st March, 2025 is ₹ 7,02,600.

Q53. Ali and Bahadur are partners in a firm ……… recording the above transactions.

Appropriations more than Available Profits

Q54. Neera and Surya are partners sharing profits and losses ……… Show the distribution of profits.

Q55. Kabir, Zoravar and Parul are partners ……… for the year ended 31st March, 2025.

Adjusting and Transfer Entries

Q56. Aditi, Bobby and Krish were Partners ………. as the case may be.

Adjustments for Incorrect Appropriations in the Past (Past Adustments)

Q57. Reya, Mona and Nisha shared profits ……. rectification Journal entry.

Q58. Atul and Gita were partners in a firm ……… Show your workings clearly.


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