12th commerce book keeping & accountancy Practical Problems NO. 6 With solutions

Chapter 1

Partnership Final Accounts

Books Page No. 59

Practical Problems NO. 6

6. Archana and Prerana are partners, sharing Profits and Losses in the ratio 2:1 with the help of following Trial Balance and Adjustments given below. You are required to prepare Trading and Profit and Loss Account for the year ended 31st March 2019 and Balance Sheet as on that date.

Adjustments :

1) Stock on 31st March 2019 is valued at Cost Price ₹ 12,000 and Markct Price ₹ 17,000.

2) Our customer Mr. Shekhar failed to pay his dues of ₹ 800.

3) 1/8th of Patents are to be written off.

4) A part of Furniture ₹ 5,000 is purchased on 1st Oct 2018.

5) Depreciation on Land & Building 10% and on Furniture 5%.

6) Outstanding Expenses Wages ₹ 300 and Electricity Charges ₹ 200.

7) Allow Interest on Capital 3%.

ANS:

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More 12 STD Partnership Final Accounts

Practical Problems link

 

Practical Problems. 1

https://www.surajpateleducation.com/2022/07/12th-standard-partnership-final.html

 

Practical Problems. 2

https://www.surajpateleducation.com/2022/07/12th-standard-partnership-final_11.html

 

Practical Problems. 3

https://www.surajpateleducation.com/2022/07/partnership-final-accounts-12th.html

 

Practical Problems. 4

https://www.surajpateleducation.com/2022/07/partnership-final-accounts-12th_13.html

 

Practical Problems. 5

https://www.surajpateleducation.com/2022/07/12th-partnership-final-accounts.html

 

Practical Problems. 6

https://www.surajpateleducation.com/2022/07/12th-commerce-book-keeping-accountancy.html

 

Practical Problems. 7

https://www.surajpateleducation.com/2022/07/12th-commerce-book-keeping-accountancy_27.html

 

Practical Problems. 8

https://www.surajpateleducation.com/2022/08/12th-commerce-bk-book-pdf-chapter-1.html

 

Practical Problems. 9

https://www.surajpateleducation.com/2022/08/12th-accounts-chapter-1-practical.html

 

Practical Problems. 10

https://www.surajpateleducation.com/2022/08/12th-final-accounts-chapter-1-practical.html

 

12 STD Partnership Final Accounts

Illustrations Problems Link

 

Illustrations No.1

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and.html

 

Illustrations No.2

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_16.html

 

Illustrations No.3

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_45.html

 

Illustrations No.4

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_23.html

 

Illustrations No.5

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Illustrations No.6

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Illustrations No.7

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_11.html

 

Illustrations No.8

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_66.html

 

Illustrations No.9

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Illustrations No.10

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