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[ISC] Q. 22 Solution of Fundamentals of Partnership TS Grewal ISC 2023-24 Edition

Question 22 of 78Chapter 1Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 22, Chapter 1 Partnership Accounts – Fundamentals, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 22

Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital. Pawan being a working partner agrees to work for the firm. The Partnership Deed provides for interest on capital @ 8% and salary to every working partner @ ₹ 20,000 per month. Net profit for the year ended 31st March, 2023, was ₹ 2,00,000. Show the distribution of profit.

TS Grewal Class 12 Fundamentals of Partnership Question 22

Solution

Solution of Q 22 Fundamentals of Partnership TS Grewal 2023-24 part 1
Solution of Q 22 Fundamentals of Partnership TS Grewal 2023-24 part 2
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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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