[CBSE] Q. 17 solution of Fundamentals of Partnership Firms TS Grewal Book 2022-23 Edition
Are you looking for the solution of Question number 17 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2022-23 Edition?
Question number 17 of Accounting for Partnership Firms – Fundamentals is a theoretical one.
Solution of Question number 17 of Accounting for Partnership Firms – Fundamentals TS Grewal Book CBSE 2022-23 Edition
Q. 17
Reema and Seema are partners sharing profits equally. The partnership Deed provides that both Reema and Seema will get monthly salary of ₹ 15,000 each, Interest on capital will be allowed @ 5% p.a. and Interest on Drawings will be charged @ 10% p.a. Their capitals were ₹ 5,00,000 each and drawings during the year were ₹ 60,000 each.
The firm incurred net loss of ₹ 1,00,000 during the year ended 31st March, 2022.
Prepare Profit and Loss Appropriation Account for the year ended 31st March, 2022.
Answer –
Here is the list of all Solutions.
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