Guru Nanak Dev, the founder of Sikhism in the 15th century, emphasized a spiritual path based on devotion, equality, and social justice. His teachings laid the foundation for a new religious tradition that rejected ritualism and caste hierarchy.
Guru Nanak preached belief in a single, formless, eternal God who is the creator of all. He rejected idol worship and emphasized direct connection with the divine through meditation (Naam Simran).
He strongly opposed the caste system and promoted equality regardless of caste, gender, or religion. His practice of Langar (community kitchen) reflected this belief.
Guru Nanak emphasized earning one’s livelihood through honest means and discouraged idleness and dishonesty.
He encouraged his followers to share their earnings and serve others, especially the needy.
He criticized empty rituals and blind faith, advocating a life of devotion, truth, and service instead.
Guru Nanak’s teachings focused on a life of simplicity, devotion, and service to humanity. His spiritual and social messages continue to influence millions across the world.
Aakash and Baadal entered into partnership on 1st October 2023 with capitals of Rs 80,00,000 and Rs 60,00,000 respectively. They decided to share profits and losses equally. Partners were entitled to interest on capital @ 10 per annum as per the provisions of the partnership deed. Baadal is given a guarantee that his share of profit, after charging interest on capital, will not be less than Rs 7,00,000 per annum. Any deficiency arising on that account shall be met by Aakash. The profit of the firm for the year ended 31st March 2024 amounted to Rs 13,00,000.
Prepare Profit and Loss Appropriation Account for the year ended 31st March 2024.