[CBSE] Q. 31 solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

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Solution of Question number 31 of the Fundamentals of Partnership Firm chapter TS Grewal Book CBSE 2024-25 Edition?

Amit and Bramit started business on 1st April 2023 with capitals of ₹ 15,00,000 and ₹ 9,00,000 respectively. On 1st October 2023, they decided that their capital should be ₹ 12,00,000 each. The necessary adjustments in the capital were made by introducing or withdrawing by cheque. Interest on capital is allowed @ 8% p.a. Compute interest on capital for the year ended 31st March 2024.

[Ans: Interest on capital: Amit – ₹ 1,08,000; Bramit – ₹ 84,000.]

Solution:-

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Anurag Pathak
Anurag Pathak

Anurag Pathak is an academic teacher. He has been teaching Accountancy and Economics for CBSE students for the last 18 years. In his guidance, thousands of students have secured good marks in their board exams and legacy is still going on. You can subscribe his Youtube channel for free lectures

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