[CBSE] Q. 9 solution of Fundamentals of Partnership Firms TS Grewal Book 2023-24 Edition
Are you looking for the solution of Question number 9 of the Fundamentals of partnership firm chapter TS Grewal Book CBSE 2023-24 Edition?
Question number 9 of Accounting for Partnership Firms – Fundamentals is a theoretical one.
Solution of Question number 9 of Accounting for Partnership Firms – Fundamentals TS Grewal Book CBSE 2023-24 Edition
Here is the solution of it.
Akhil, Sunil, and Parvesh are partners sharing profits in the ratio of 3:2:1. Sunil had given load to the firm on 1st November 2022 of ₹4,00,000. Interest payable was agreed @ 12% p.a. Interest was paid by cheque up to February 2023 on 1st March 2023 and the balance was yet to be paid.
Pass the Journal entries for interest on the loan by a partner.
Solution:-
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