[CBSE] Q. 81 solution of Fundamentals of Partnership Firms TS Grewal Book 2022-23 Edition
Solution of Question number 81 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2022-23 Edition?
Ashmit, Abbas, and Karman are partners sharing profits in the ratio of 3:2:1. Abbas is guaranteed a minimum profit of ₹ 1,50,000 per annum. The firm incurred a loss for the year ended 31st March 2022 of ₹ 30,000.
Prepare Profit and Loss Appropriation Account for the year.
Solution:-
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