[CBSE] Q. 80 solution of Fundamentals of Partnership Firms TS Grewal Book (2022-23)
Solution of Question number 80 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2022-23 Edition?
Nimrat, Maira, and Kabir are partners sharing profits in the ratio of 2:2:1. Nimrat is guaranteed a minimum profit of ₹ 1,60,000 per annum. Net Profit for the year ended 31st March 2022 is ₹ 1,00,000.
Prepare Profit and Loss Appropriation Account for the year.
Solution:-
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