FUNDAMENTALS OF PARTNERSHIP-GUARANTEE OF PROFIT (MULTIPLE GUARANTEE IN ONE QUESTION) Class-12 скачать в хорошем качестве

FUNDAMENTALS OF PARTNERSHIP-GUARANTEE OF PROFIT (MULTIPLE GUARANTEE IN ONE QUESTION) Class-12

FUNDAMENTALS OF PARTNERSHIP-GUARANTEE OF PROFIT (MULTIPLE GUARANTEE IN ONE QUESTION) Class-12 Accounts Part-15 Session 2024-25 Instagram Link : https://www.instagram.com/manojsharma... 1. Pawan, Raman and Karam are partners sharing profits equally. Pawan is guaranteed minimum annual profit of 1,00,000. Karam is to get Commission @ 5% of Net Sales and the commission is determined at 25,000. Net Profit for the year ended 31st March, 2023 is 1,25,000.Prepare Profit & Loss Appropriation Account for the year. 2. Tarun, Mannan and Harman are partners sharing profits in the ratio of 2:2: 1. Tarun is guaranteed minimum profit of₹80,000 per annum. Net Profit for the year ended 31st March, 2023 is 50,000. Prepare Profit & Loss Appropriation Account for the year 3. Maanika, Bhavi and Komal are partners sharing profits in the ratio of 6 : 4: 1. Komal is guaranteed a minimum profit of ₹2,00,000. The firm incurred a loss of 22,00,000 for the year ended 31st March, 2018. Pass necessary Journal entry regarding deficiency borne by Maanika and Bhavi and prepare Profit & Loss Appropriation Account. (CBSE Sample Paper 2019) 4. Jay, Vijay and Karan were partners of an architect firm sharing profits in the ratio of 2:2:1. Their Partnership Deed provided the following (i) A monthly salary of 15,000 each to Jay and Vijay. (ii) Karan was guaranteed a profit of 5,00,000 and Jay guaranteed that he will earn an annual fee of 2,00,000. Any deficiency arising because of guarantee to Karan will be borne by Jay and Vijay in the ratio of 3: 2.During the year ended 31st March, 2018, Jay earned fee of 1,75,000 and the profits of the firm amounted to 15,00,000.Showing your workings clearly prepare Profit & Loss AppropriationAccount #fundamentalofpartnership #msacademyaccounts #accounts #accountancy #Guaranteeofprofit