12th final accounts chapter 1 practical problems no.10 question with answer

Chapter 1

Partnership Final Accounts

Books Page No. 61

Practical Problems NO. 10

10. Kshipra and Manisha are Partners sharing Profit and Losses in their Capital Ratio. You are required to prepare Trading Account 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 was at ₹ 37,000.

2) Sales includes, sale of machinery of ₹ 2,000, which is sold on 1st April 2018.

3) Depreciation on fixed assets @ 5%.

4) Each Partners is entitled to get Commission at 1% of Gross Profit and Interest on Capital 5% p.a.

5) Outstanding Expenses Wages ₹ 200 & Salaries ₹ 500.

6) Create provision for doubtful debts @ 3% on Sundry Debtors.

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