[CBSE] Q. 8 Solution of Fundamentals of Partnership Firms TS Grewal Book (2023-24)

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Solution of Question number 8 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24

Bat and Ball are partners sharing the profits in the ratio of 2 : 3 with capitals of ₹ 1,20,000 and ₹ 60,000 respectively. On 1st October 2022, Bat and Ball gave loans of ₹ 2,40,000 and ₹ 1,20,000 respectively to the firm. Bat had allowed the firm to use his property for business for a monthly rent of ₹ 5,000. Loss for the year ended 31st March 2023 before rent and interest amounted to ₹ 9,000. Show distribution of profit/Loss.

[Hint: Interest on Loan by partner and Rent are charged against profit.]

Answer:-

Note:- Distributable loss can also be written as divisible Loss.

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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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