12th Standard Partnership Final Accounts Practical Problems No. 1

Chapter 1

Partnership Final Accounts

Practical Problems  

1. Amitbhai and Narendrabhai are in Partnership Sharing Profits and Losses equally. From the 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 hand on 31st March 2019 was valued at ₹ 43,000.

2) Uninsured Goods worth ₹ 8,000 were stolen.

3) Create R.D.D at 2% on Sundry debtors.

4) Mr. Patil, our customer become insolvent and could not pay his debts of ₹ 500.

5) Outstanding Expenses - Rent ₹ 800 and Salaries ₹ 300

6) Depreciate Factory Building by ₹ 2,500 and Furniture by ₹ 1,800

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

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_37.html

 

Illustrations No.6

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_10.html

 

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

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_20.html

 

Illustrations No.10

https://www.surajpateleducation.com/2022/08/introduction-to-partnership-and_73.html