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Solution of Q 82 Fundamentals of Partnership Firm TS Grewal 2022-23 [CBSE]

Question 82 of 88Chapter 2Class 12 · CBSE✍ Vijay Adarsh

Step-by-step solution of Question 82, Chapter 2 Accounting for Partnership Firms – Fundamentals, TS Grewal Class 12 Accountancy 2022-23 for the CBSE Board.

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Question 82

P, Q and R entered into partnership on 1st April, 2018 to share profits and losses in the ratio of 12 : 8 : 5. It was provided that in no case R’s share in profit would be less than ₹ 30,000 p.a. The profits and losses for the year ended 31st March, were: 2020 Profit ₹ 1,20,000; 2021 Profit ₹ 1,80,000; 2022 Loss ₹ 1,20,000.

Pass the necessary Journal entries in the books of the firm.

TS Grewal Class 12 Fundamentals of Partnership Firm Question 82

Solution

Solution of Q 82 Fundamentals of Partnership Firm TS Grewal 2022-23 part 1
Solution of Q 82 Fundamentals of Partnership Firm TS Grewal 2022-23 part 2
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About this solution

This is Chapter 2 Accounting for Partnership Firms – Fundamentals of TS Grewal Edition 2022-23.

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 CBSE Guidelines. Just follow our presentation of solutions and score good marks in Accountancy Board Exam.

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