[ISC] Q. 48 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 48 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.

Tara and Mira are in partnership sharing profits in the ratio of 3 : 2. According to the Partnership Deed, Tara is to get salary of ₹ 10,000 per month while Mira is to get salary of ₹ 15,000 per month. Net Profit for the year ended 31st March, 2024 is ₹ 6,00,000.

Prepare Profit & Loss Appropriation Account for the year ended 31st March, 2024.

Solution:-

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