Fundamentals of Partnership Firms TS Grewal Solutions 2026-27

Fundamentals of Partnership Firms TS Grewal Solutions (CBSE 2026-27 Edition)

Here are the complete Fundamentals of Partnership Firms TS Grewal Solutions for the CBSE 2026-27 edition of Class 12 Accountancy. All 92 questions of the chapter are solved step by step, covering the provisions of the Partnership Act, 1932, interest on capital and drawings, partner’s salary and commission, past adjustments, guaranteed minimum profit and the Profit and Loss Appropriation Account.

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Looking for another edition? Go to the main page T.S. Grewal’s Accountancy Solutions for Class 12, or see the 2022-23 edition of Fundamentals of Partnership Firm.

Fundamentals of Partnership Firms Questions and Solutions 2026-27

Question 1. In the absence of a Partnership Deed, state the provisions of the Partnership Act, 1932 relating to: (a)…

Question 2. Mahesh, Ramesh and Suresh are partners in a firm. They do not have a Partnership Deed. At the end of the…

Question 3. Barun, Tarun and Shivam are partners in a firm and do not have a Partnership Deed. Barun introduced…

Question 4. Harshad and Dhiman have been in partnership since 1st April 2022. No partnership agreement was made.…

Question 5. Sita and Geeta are partners sharing profits in the ratio of 3 : 2. They had advanced to the firm a sum…

Question 6. Nimrat and Maira are partners sharing profits in the ratio of 2 : 1 without a Partnership Deed. Nimrat…

Question 7. Bat and Ball are partners sharing profits in the ratio of 2 : 3 with capitals of ₹1,20,000 and ₹60,000…

Question 8. Akhil, Sunil and Parvesh are partners sharing profits in the ratio of 3 : 2 : 1. The opening balance of…

Question 9. Akhil and Bimal are partners sharing profits in the ratio of 3 : 2. Akhil gave a loan of ₹1,00,000 to…

Question 10. Nirmal and Pawan are partners sharing profits in the ratio of 3 : 2. The firm had given a loan of…

Question 11. Ankit, Bhanu and Charu are partners in a firm sharing profits and losses equally, with capital of…

Question 12. Atul, Jetha and Tarak are partners sharing profits equally. Jetha was given a loan of ₹6,00,000 by the…

Question 13. Parul, Paresh and Rahul are partners in a firm. The firm gave a loan of ₹6,00,000 to Rahul on 1st…

Question 14. Vinod and Mohan are partners. Vinod's capital is ₹1,00,000 and Mohan's capital is ₹60,000. Interest on…

Question 15. X, Y and Z are partners in a firm sharing profits in the ratio of 2 : 2 : 1. Fixed capitals of the…

Question 16. X and Y are partners sharing profits in the ratio of 3 : 2 with capitals of ₹8,00,000 and ₹6,00,000…

Question 17. Atul and Mithun are partners sharing profits in the ratio of 3 : 2. Balances as on 1st April 2023 were…

Question 18. Reema and Seema are partners sharing profits equally. The Partnership Deed provides that both Reema and…

Question 19. Bhanu and Partap are partners sharing profits equally. Their fixed capitals as on 1st April 2023 were…

Question 20. Amit and Sumit entered into partnership on 1st April 2023 and invested ₹1,50,000 and ₹2,50,000…

Question 21. Kamal and Kapil are partners having fixed capitals of ₹5,00,000 each as on 1st April 2023. Kamal…

Question 22. Simran and Reema are partners sharing profits in the ratio of 3 : 2. Their capitals as on 1st April 2023…

Question 23. Anita and Ankita are partners sharing profits equally. Their capitals, maintained following the…

Question 24. Ashish and Aakash are partners sharing profits in the ratio of 3 : 2. Their Capital Accounts had credit…

Question 25. Naresh and Sukesh are partners with capitals of ₹3,00,000 each as on 31st March 2024. Naresh had…

Question 26. Parul and Rajul were partners in a firm, sharing profits and losses in the ratio of 5 : 3. The balances…

Question 27. A and B are partners in the ratio of 3 : 2. The firm maintains Fluctuating Capital Accounts, and their…

Question 28. Amit and Bramit started business on 1st April 2023 with capitals of ₹15,00,000 and ₹9,00,000…

Question 29. From the following Balance Sheet of Long and Short, calculate interest on capital @ 8% p.a. for the year…

Question 30. Sumit and Namit are partners sharing profits in the ratio of 3 : 2. They contribute ₹1,00,000 and…

Question 31. Sonia and Shruti were partners in a firm sharing profits and losses in the ratio of 5 : 3. On 1st April…

Question 32. Shiv, Mohan and Gopal are partners sharing profits and losses in the ratio of 2 : 2 : 1. Shiv is…

Question 33. Abha, Bobby and Vineet are partners sharing profits and losses equally. As per the Partnership Deed…

Question 34. A, B, C and D are partners in a firm sharing profits in the ratio of 4 : 3 : 2 : 1. The firm earned a…

Question 35. X and Y are partners in a firm. X is entitled to a salary of ₹10,000 per month and a commission of 10%…

Question 36. Ram and Mohan, two partners, drew ₹1,20,000 and ₹80,000 for their personal use. Interest is chargeable @…

Question 37. Brij and Mohan are partners in a firm. They withdrew ₹48,000 and ₹36,000 respectively during the year…

Question 38. Dev withdrew ₹10,000 on the 15th day of every month. Interest on drawings was to be charged @ 12% per…

Question 39. One of the partners in a partnership firm has withdrawn ₹9,000 at the end of each quarter throughout the…

Question 40. A and B are partners sharing profits equally. A drew regularly ₹4,000 in the beginning of every month…

Question 41. A and B are partners sharing profits equally. A drew regularly ₹4,000 at the end of every month for six…

Question 42. B and C are partners sharing profits equally. C regularly withdrew ₹5,000 per month in the beginning of…

Question 43. Calculate interest on drawings of Sanjay @ 10% p.a. for the year ended 31st March 2023, in each of the…

Question 44. The capital accounts of Tisha and Divya showed credit balances of ₹10,00,000 and ₹7,50,000 respectively…

Question 45. A, B and C are partners. During the year ended 31st March 2023, each of the partners withdrew ₹10,000…

Question 46. Piyush, Harmesh and Atul are partners. Each partner regularly withdrew ₹20,000 per month: (a) Piyush in…

Question 47. Aditi, Bobby and Krish were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 2.…

Question 48. Amit and Vijay started a partnership business on 1st April 2022. Capitals invested by them were…

Question 49. A, B and C were partners in a firm having capitals of ₹50,000, ₹50,000 and ₹1,00,000 respectively. Their…

Question 50. Yadu, Vidu and Radhu were partners in a firm sharing profits in the ratio of 4 : 3 : 3. Their fixed…

Question 51. A and B are partners sharing profits and losses in the ratio of 3 : 1. On 1st April 2023, their capitals…

Question 52. Amit, Binita and Charu are three partners. On 1st April 2022, their capitals stood as: Amit ₹1,00,000…

Question 53. Sajal and Kajal are partners sharing profits and losses in the ratio of 2 : 1. On 1st April 2023, their…

Question 54. Ali and Bahadur are partners in a firm sharing profits and losses as Ali 70% and Bahadur 30%. Their…

Question 55. Neeraj and Surya are partners sharing profits and losses in the ratio of 2 : 1. Their capitals are…

Question 56. Kabir, Zoravar and Parul are partners sharing profits in the ratio of 5 : 3 : 2. Their capitals as on…

Question 57. Reya, Mona and Nisha shared profits in the ratio of 3 : 2 : 1. Profits for the last three years were…

Question 58. Atul and Gita were partners in a firm sharing profits and losses in the ratio of 3 : 2. Their fixed…

Question 59. Ram, Mohan and Sohan, sharing profits and losses equally, have capitals of ₹1,20,000, ₹90,000 and…

Question 60. Ram, Shyam and Mohan were partners in a firm sharing profits and losses in the ratio of 2 : 1 : 2. Their…

Question 61. Mohan, Suhaan and Adit were partners in a firm sharing profits and losses in the ratio of 3 : 2 : 1.…

Question 62. Ram, Mohan and Sohan were partners sharing profits in the ratio of 2 : 1 : 1. Ram withdrew ₹3,000 every…

Question 63. Simrat and Bir are partners in a firm sharing profits and losses in the ratio of 3 : 2. On 31st March…

Question 64. Mita and Usha are partners in a firm sharing profits in the ratio of 2 : 3. Their Capital Accounts as on…

Question 65. A, B and C were partners. Their fixed capitals were ₹60,000, ₹40,000 and ₹20,000 respectively. Their…

Question 66. Capitals of Kajal, Neerav and Alisha as on 31st March 2023 were ₹90,000, ₹3,30,000 and ₹6,60,000…

Question 67. On 31st March 2023, after the closing of the accounts, the Capital Accounts of P, Q and R stood in the…

Question 68. Mohan, Vijay and Anil are partners, the balances of their Capital Accounts being ₹30,000, ₹25,000 and…

Question 69. Mudit, Sudhir and Uday are partners in a firm sharing profits in the ratio of 3 : 1 : 1. Their fixed…

Question 70. Piya and Bina are partners in a firm sharing profits and losses in the ratio of 3 : 2. Following was the…

Question 71. On 31st March 2023, the capitals of Raghav and Diya stood at ₹4,00,000 and ₹3,00,000 respectively, after…

Question 72. On 31st March 2018, the balances in the Capital Accounts of Abhir, Bobby and Vineet, after making…

Question 73. On 31st March 2014, the balances in the capital accounts of Saroj, Mahinder and Umar, after making…

Question 74. Pranav, Karan and Rahim were partners sharing profits in the ratio of 3 : 2 : 1. Their capitals were…

Question 75. A, B and C were in partnership sharing profits and losses in the ratio of 4 : 2 : 1. It was provided…

Question 76. Ashmit, Abbas and Karman are partners sharing profits in the ratio of 3 : 2 : 1. Abbas is guaranteed a…

Question 77. Asha, Disha and Raghav were partners in a firm sharing profits in the ratio of 2 : 3 : 1. According to…

Question 78. X, Y and Z entered into a partnership on 1st October 2023 to share profits in the ratio of 4 : 3 : 3. X…

Question 79. Aman, Raj and Suresh were partners in a firm sharing profits and losses in the ratio of 5 : 3 : 8.…

Question 80. Atul, Bipul and Charu are partners sharing profits equally. Bipul is guaranteed a minimum profit of…

Question 81. Parul, Prerna and Kaushal are partners sharing profits equally. Parul is guaranteed a minimum annual…

Question 82. Nimrat, Maira and Kabir are partners sharing profits in the ratio of 2 : 2 : 1. Nimrat is guaranteed a…

Question 83. Anand, Ridhi and Shyam were partners in a firm sharing profits and losses in the ratio of 2 : 2 : 1.…

Question 84. P and Q were partners in a firm sharing profits in the ratio of 5 : 3. On 1st April 2023, they admitted…

Question 85. Paras, Pawan and Raman are partners sharing profits in the ratio of 3 : 2 : 1. Raman is guaranteed an…

Question 86. A and B are in partnership sharing profits and losses in the ratio of 3 : 2. They admit C, their…

Question 87. The partners of a firm, Alia, Bhanu and Chand, distributed the profits for the year ended 31st March…

Question 88. Ajay, Binay and Chetan were partners sharing profits in the ratio of 3 : 3 : 2. The Partnership Deed…

Question 89. Ankur, Bhavna and Disha are partners in a firm. On 1st April 2023, the balances in their capital…

Question 90. Xen, Sam and Tim are partners in a firm. For the year ended 31st March 2024, the profit of the firm…

Question 91. Three Chartered Accountants, Abhijit, Baljit and Charanjit, form a partnership, profits being shared in…

Question 92. The partners of a firm, Alia, Bhanu and Chand, distributed the profits for the year ended 31st March…

These Fundamentals of Partnership Firms solutions follow the 2026-27 CBSE edition of the TS Grewal book for Class 12 Accountancy. Use them to check your own working, revise the chapter before exams, or complete your notebook with the correct format of each answer.