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[ISC] Q. 33 Solution of Fundamentals of Partnership TS Grewal ISC 2023-24 Edition

Question 33 of 78Chapter 1Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 33, Chapter 1 Partnership Accounts – Fundamentals, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 33

Amar and Anthony are partners in a firm. Amar is entitled to a salary of ₹ 20,000 per month and commission of 10% of the net profit before charging any commission. Anthony is entitled to salary of ₹ 50,000 p.a. and commission of 10% of the net profit after charging salary and all commissions. Profit after partners’ salaries but before charging any commission for the year ended 31st March, 2023 was ₹ 5,50,000. Show the distribution of profit.

TS Grewal Class 12 Fundamentals of Partnership Question 33

Solution

Solution of Q 33 Fundamentals of Partnership TS Grewal 2023-24 part 1
Solution of Q 33 Fundamentals of Partnership TS Grewal 2023-24 part 2
Stuck on this chapter?Watch it explained in the Class 12 Accounts video courseEvery chapter, step by step, by Vijay Adarsh (23 years teaching).Watch free demo
Solution of Q 33 Fundamentals of Partnership TS Grewal 2023-24 part 3
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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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