[CBSE] Q. 6 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

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Solution of Question number 6 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25.

X and Y are partners sharing profits and losses in the ratio of 2:3 with capitals of ₹ 2,00,000 and ₹ 3,00,000 respectively. On 1st October 2023, X and Y gave loans of ₹ 80,000 and ₹ 40,000 respectively to the firm. Show distribution of profits/losses for the year ended 31st March 2024 in each of the following alternative cases:

Case 1. If the profit before interest for the year amounted to ₹ 21,000.

Case 2. If the profit before interest for the year amounted to ₹ 3,000.

Case 3. If the profit before interest for the year amounted to ₹ 5,000.

Case 4. If the loss before interest for the year amounted to ₹ 1,400.

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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