[CBSE] Q. 82 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

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Solution of Question number 82 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2024-25 Edition.

Asha, Disha and Raghav were partners in a firm sharing profits in the ratio of 2 : 3 : 1. According to the partnership agreement, Raghav was guaranteed an amount of ₹ 40,000 as his share of profits. The net profit for the year ended 31st March, 2022 amounted to ₹ 1,20,000.

Prepare Profit & Loss Appropriation Account of the firm for the year ended 31st March, 2022.

[Ans: Deficiency of ₹ 20,000 in Raghav’s share will be borne by Ahs and Disha in the ratio of 2 : 3. Fina share in profit: Asha – ₹ 32,000; Disha – ₹ 48,000; Raghav – ₹ 40,000.]

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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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