[CBSE] Q. 7 solution of Fundamentals of Partnership Firms TS Grewal Book 2022-23 Edition
Are you looking for the solution of Question number 7 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2022-23 Edition?
Question number 7 of Accounting for Partnership Firms – Fundamentals is a theoretical one.
Solution of Question number 7 of Accounting for Partnership Firms – Fundamentals TS Grewal Book CBSE 2022-23 Edition
Q. 7.
Sita and Geeta are partners in a firm sharing profits in the ratio of 3:2. They had given loan to the firm of ₹ 30,000 in their profit sharing ratio on 1st October, 2021. The partnership Deed is silent on interest on loans from partners. Compute interest payable by the firm to the partners, assuming the firm closes its books every year on 31st March.
Answer:-
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