Chapter 1 Partnership Final Accounts Books Page No.34

Chapter 1

Partnership Final Accounts

Books Page No.34

Illustrations No.5

5. M/s Sudarshan Traders is a Partnership Firm in which, Ram and Krushna are partners sharing Profits and Losses in the ratio 3:2. From the following Trial Balance prepare Final Account for the year 2018-19.

 

 Adjustments :

(1) Stock on hand on 31 March 2019 was valued at ₹ 38000. 

(2) Ram is allowed a Salary of ₹ 6000 and Krushna is allowed Commission at 3% on net sales. 

(3) Interest on Partner's Capital is to be provided @ 5% p.a. 

(4) Provide depreciation on Plant and Machinery 5%. 

(5) ₹ 3000 from our customer is not recoverable. 

(6) Prepaid Insurance ₹ 500.

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