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Q.85 Solution Fundamentals of Partnership Firm TS Grewal Book Class 12 CBSE

Question 85 of 97Chapter 1Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 85, Chapter 1 Accounting for Partnership Firms – Fundamentals, TS Grewal Class 12 Accountancy 2024-25 for the CBSE Board.

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Question 85

Atul, Bipul and Charu are partners sharing profits equally. Bipul is guaranteed minimum profit of ₹2,00,000 per annum. Salary is payable to Bipul of ₹10,000 per month. Net Profit for the year ended 31st March, 2024 is ₹6,60,000.

Prepare Profit & Loss Appropriation Account for the year.

TS Grewal Class 12 Fundamentals of Partnership Firm Question 85

Solution

Solution of Q 85 Fundamentals of Partnership Firm TS Grewal 2024-25 part 1
Solution of Q 85 Fundamentals of Partnership Firm TS Grewal 2024-25 part 2
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