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[ISC] Q. 9 Solution of Fundamentals of Partnership TS Grewal ISC 2023-24 Edition

Question 9 of 78Chapter 1Class 12 · ISC✍ Vijay Adarsh

Step-by-step solution of Question 9, Chapter 1 Partnership Accounts – Fundamentals, TS Grewal Class 12 Accountancy 2023-24 for the ISC Board.

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Question 9

Ankit, Bhanu and Charu are partners in a firm sharing profits and losses equally with capital of ₹ 2,50,000 each. On 1st October, 2022, Ankit and Bhanu gave loans of ₹ 2,50,000 each to the firm whereas Charu took a loan of ₹ 1,00,000 from the firm on the same date. It was agreed among the partners that Charu will be charged Interest @ 6% p.a. Interest on loan from partners was paid on 10th April, 2023. The firm closes its books on 31st March each year. Pass the Journal entries in the books of the firm for the year ended 31st March, 2023.

TS Grewal Class 12 Fundamentals of Partnership Question 9

Solution

Solution of Q 9 Fundamentals of Partnership TS Grewal 2023-24 part 1
Solution of Q 9 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 9 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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