DK Goel Solutions Q 39 Chapter 1 Accounting for Partnership Firms-Fundamentals Class 12 CBSE [2023-24]
Step-by-step solution of Question 39, Chapter 1 Accounting for Partnership Firms – Fundamentals, DK Goel Class 12 Accountancy 2023-24 for the CBSE Board.
Question 39
On 1st April, 2021 X, Y and Z started a business in partnership. X contributes ₹ 90,000 at first but withdraws ₹ 30,000 at the end of six months. Y introduces ₹ 75,000 at first and increases it to ₹ 90,000 at the end of four months, but withdraws ₹ 30,000 at the end of eight months. Z brings in ₹ 75,000 at first but increases it by ₹ 60,000 at the end of seven months.
During the year ended 31st March, 2022, they make a net profit of ₹ 42,000. Show how the partners should divide this amount on the basis of effective capital employed by each partner.
Solution
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About this solution
This is Chapter 1 Accounting for Partnership Firms – Fundamentals of DK Goel For 2024 Examinations.
Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.
We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.
Also, we have followed the proper format and workings which are required as per CBSE Guidelines. Just follow our presentation of solutions and score good marks in the Accountancy Board Exam.
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