| CLASS-12 ACCOUNTANCY (TS Grewal 2025-26 Solutions) |
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Accounting for Partnership firm Vol-1
1. Accounting of Partnership Firms FundamentalsSolution – 2. Mahesh, Ramesh and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the first year of the business, they… 2. GoodwillAverage Profit Method:- Q1. Goodwill is to be valued at three year purchase of four year average profit. Profit of the firm for last four years ending 31st March, were:… 3. Change in Profit-Sharing RatioSacrificing and Gaining Share:- Q1. Om and Shyam are sharing profits and losses equally. With effect from 1st April, 2025, they agree to share profits in the ratio of 4:3…. 4. Admission of a PartnerCalculation of New Profit-Sharing Ratio and Sacrificing Ratio:- Q1. Jiten and Rajiv are partners sharing profits in the ratio of 3;2. They admit Bikram as a partner for 1/5th profit… 5. Retirement of a PartnerRetirement of a Partner (New Profit-sharing Ratio & Gaining ratio) Q1. Tushar, Radha and Garv were partners sharing profits in the ratio of 1/2, 2/5 and 1/10. Find the new… 6. Death of a PartnerDeath of a Partner (New Profit-sharing Ratio & Gaining Ratio) Q1. Deepak, Ram & Saurav were partners sharing profits in the ratio of 1/2, 2/5 & 1/10. Find the new… 7. Dissolution of a Partnership firmSolution- 2. Land and building (Book value) ₹ 1,60,000 sold for ₹ 3,00,000 through a broker who changed 2% commission on the deal. Journalize the transaction, at the time of… |
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Company Accounts Vol-2
1. Accounting for Share CapitalDisclosure of Share Capital in company’s Balance Sheet On Application Rs.30 On Allotment Rs.60, and On Call Balance Amount. The issue was fully subscribed and allotment was… |
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Analysis of Financial Statement Vol-3