FUNDAMENTALS OF PARTNERSHIP- Revision Series Class 12 Part -1

FUNDAMENTALS OF PARTNERSHIP- Revision Series Class 12 Part -1 Session 2024-25

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Q.1 Ram and Mohan were partners with fixed capitals of 3,00,000 and₹2,00,000 respectively. As per their Partnership Deed, interest on capital was allowed @ 10% p.a. Net profit for the year ended 31st March, 2022 was 30,000. The amount of interest on capital credited to each partner's Current Account for the year ended 31st March, 2022 was

(a) Ram 30,000 and Mohan 20,000.

(b) Ram20,000 and Mohan 10,000.

(c) Ram18,000 and Mohan 12,000.

(d) Ram 30,000 and Mohan Nil. (CBSE 2023)
Q.2 Hina and Neena are partners in a firm. Neena withdrew 10,000 per month at the beginning of each month during the year ended 31st March, 2022. Interest on drawings was to be charged @ 6% per annum.

Interest on Neena's drawings for the year ended 31st March, 2022 will be

(a) 3,900.

(c) ₹3,600.

(b) 325.

(d) 3,300.

(CBSE 2023)

Q.3 Aman and Chaman are partners in a firm. On 1st July, 2021, Aman advanced a loan of *6,00,000 to the firm. There is no Partnership Deed. On 31st March, 2022, Aman was entitled to get the following amount as interest on loan

(a) ₹36,000.

(c) ₹9,000.

Alesiusquamosa(d

(b) ₹18,000.

) ₹27,000.

(CBSE 2023)

Q. 4 In the absence of an agreement, partners are entitled to

(i) Profit share in capital ratio.

(ii) Commission for making additional sale.

(iii) Interest on Loan and Advances by them to the firm.

(iv) Salary for working extra hours.

(v) Interest on Capital.

Choose the correct option:

(a) Only (i), (iv) and (v).

(c) Only (iii).

(b) Only (ii) and (iii).

(d) Only (i) and (iii).

(CBSE Sample Question Paper 2024)

Q. 5 (Rent Payable to a Partner and Preparation of Profit & Loss Appropriation Account). Aman and Boman are partners sharing profits equally. Business is being carried from the property owned by Aman on a yearly rent of 24,000. Aman is to get salary of 1,20,000 p.a. and Boman is to get commission @ 5% of net sales, which during the year was 30,00,000. Profit for the year ended 31st March, 2024 before providing for rent was ₹5,00,000.

Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2024.

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[DhyanamKotecha]

Sir plz provide imp. Questions and one shots

[NitikaAttri-bt]

Sir chaha video lambi bana dijiya kariya par sir jaldi sa revision karaya .
Chaha to ak ch ak hee video m complete kara dijiya or chaha kitni bhi lambi length ho sir
Sir ap bhout accha padata ho or m ap sa hee padhti hu ❤

[TECHYVASTU]

Sir aap devta hai hamare liye sir ❤❤❤❤❤❤😊😊

[ChocosSss]

Sir thank you so much apki vidoes ki help se accounts better hogya he 😭😭 or mene apne frnds ko bhi bataya apke baare me

[ChocosSss]

Sir jese apne important questions ki videos dali he wesey hi important topics ka one short bhi dal do har chapters se

[rkg]

Sir ek baar order of revising chapters par video bana dijiye jaise aapne ek video mai kaha tha accounting ratio last mai karna hai vaise hi

[ESCAPE_MATRIX_K]

Sir please request karta hu jaldi jaldi dalo app video kyuki sir hamare pass time ni hein