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[ISC] Q. 13 Solution of Fundamentals of Partnership TS Grewal ISC 2023-24 Edition

Question 13 of 78Chapter 1Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 13, Chapter 1 Partnership Accounts – Fundamentals, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 13

Ram and Mohan are partners and their capitals for the year ended 31st March, 2023 were ₹ 2,40,000 and ₹ 1,80,000 respectively. During the year 2022–23, Ram’s and Mohan’s drawings were ₹ 40,000 and ₹ 60,000 respectively. Profit (before charging interest on capital) during the year was ₹ 1,60,000. Calculate interest on capital @ 5% p.a. for the year ended 31st March, 2023.

TS Grewal Class 12 Fundamentals of Partnership Question 13

Solution

Solution of Q 13 Fundamentals of Partnership TS Grewal 2023-24
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About this solution

This is Chapter 1 Partnership Accounts – Fundamentals of TS Grewal Edition 2023-24 (ISC Board).

Written by Vijay Adarsh, teaching commerce since 2003 to Class 11, Class 12, B.Com, CA, CS and CMA students.

We have solved all the practical questions in this book and explained them Step by Step in detail with clear working notes.

Also, we have followed the proper format and workings which are required as per Guidelines Issued by the ISC Council. Just follow our presentation of solutions and score good marks in Accountancy ISC Board Exam.

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