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[ISC] Q. 68 Solution of Fundamentals of Partnership TS Grewal ISC 2023-24 Edition

Question 68 of 78Chapter 1Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 68, Chapter 1 Partnership Accounts – Fundamentals, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 68

Tushar, Kapil and Ajay are partners. Their fixed capitals as on 31st March, 2023 were: Tushar ₹ 5,00,000, Kapil ₹ 10,00,000 and Ajay ₹ 15,00,000. Profit for the year 2022–23 ₹ 6,00,000 was distributed. Interest on capital @ 10% p.a. was not credited though there was a provision in the Partnership Deed. Pass the necessary adjusting entry.

TS Grewal Class 12 Fundamentals of Partnership Question 68

Solution

Solution of Q 68 Fundamentals of Partnership TS Grewal 2023-24 part 1
Solution of Q 68 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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