[CBSE] Q. 81 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 81 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25 Edition.

A, B, and C were in partnership sharing profits and losses in the ratio of 4 : 2 : 1. It was provided that C’s share in profit for a year would not be less than ₹ 75,000. Profit for the year ended 31st Mach, 2023 is ₹ 3,15,000. You are required to show the appropriation among the partners, Profit and Loss Appropriation account is not required.

[Ans: Share of Profit A – ₹ 1,60,000, B – ₹ 80,000; C – ₹ 75,000.]

Solution:-

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