Web>> Piya and Bina are partners in a firm sha Question The profit was Rs. 30,000 for the year ended 31st March 2016 were divided between the partners without allowing interest on capital @ 12%. p.a. and salary to.Piya @ Rs. 1,000 per month., During the year Piya. Web67 Piya and Bina are o nd Bina are partners in a firm sharing profits and losses in the ran Sheet of the firm as on 31st March, 2016: ebit Anil by S50 and Credit Mohan by 550:. WebCapital of piya=80000 and beena =40000. Salary assets 120000. The profits 30000 for the year ended 31st March 2016 were divided between the partners without allowing interest.
Piya And Bina Are Partners, Past Adjustments - TS Grewal Solution of question number 68 and 69 - Chapter 2 - class 12, 31.52 MB, 22:57, 10,781, Touch4Career, 2021-06-04T08:35:55.000000Z, 19, Hindi Tv Serial Tujh Sang Preet Lagai Sajna Synopsis Aired On STAR PLUS, nettv4u.com, 560 x 350, jpeg, piya bina nikki luck tujh sajna preet lagai nettv4u, 20, piya-and-bina-are-partners, KAMPION
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Here Past Adjustments - TS Grewal Solution of question number 68 and 69 - Chapter 2 - class 12
past adjustment class 12 | Q.68 piya : bina are a partner | fundamental of accounting more
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In this video solution to question no. 68 and 69 are explained from the TS Grewal Vol 1 of 2021 edition.
Question 68. Piya and Bina are partners in a firm sharing profits and losses in the ratio of 3:2. Following was the balance sheet of the firm as on 31st March, 2016:
The profits 30000 for the year ended 31st march, 2016 were divided between the partners without allowing interest on capital @ 12% p.a. and salary to Piya @ 1000 per month. During the year, Piya withdrew 8000 and Bina withdrew 4000. Showing your working notes clearly, pass the necessary rectifying entry.
Question 69. Naveen, Qadir and Rajesh were partners doing an electronic goods business in Uttarakhand. After the accounts of partnership were drawn up and closed, it was discovered that interest on capital has been allowed to partners @6% p.a. for the years ending 31st March, 2017 and 2018, although there is no provision for interest on capital in the partnership deed. On the other hand, Naveen and Qadir were entitled to a salary of 3500 and 4000 per quarter respectively, which has not been taken into consideration. Their fixed capitals were 400000, 360000 and 240000 respectively. During the last two years they had shared the profits and losses as follows:
31st March, 2017 - 3:2:1
31st March, 2018 - 5:3:2
Pass necessary adjusting entry for the above adjustments in the books of the firm on 1st April, 2018. Show your workings clearly.
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