[CBSE] Q. 63 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 63 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25 Edition.

Ram, Mohan, and Sohan sharing profits and losses equally have capitals of ₹ 1,20,000, ₹ 90,000, and ₹ 60,000 respectively. For the year ended 31st March 2023, interest was credited to them @ 6% p.a. instead of 5% p.a. Pass the adjustment Journal entry.

[Ans: Debit Ram and Credit Sohan by ₹ 300]

Solution:-

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