[CBSE] Q. 65 solution of Fundamentals of Partnership Firms TS Grewal Book 2023-24 Edition

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Are you looking for the solution of Question number 65 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition?

Question number 65 of Accounting for Partnership Firms – Fundamentals is a theoretical one.

Solution of Question number 65 of Accounting for Partnership Firms – Fundamentals TS Grewal Book CBSE 2023-24 Edition

Q. 65

Ram, Mohan, and Sohan were partners sharing profits in the ratio of 2 : 1 : 1. Ram withdrew ₹ 3,000 every month and Mohan withdrew ₹4,000 every month. Interest on drawings @ 6% p.a. was charged, whereas the partnership deed was silent about interest on drawings.

Showing, your working clearly, pass the necessary adjustment entry to rectify the error.

[Ans: Dr. Ram’s Capital A/c by ₹ 180 and Sohan’s Capital A/c by ₹ 630; Cr. Mohan’s Capital A/c by ₹ 810]

Solution:-

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Anurag Pathak

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