[ISC] Q. 18 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 18 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.

Kashish, Amit and Kaushal started a firm on 1st October, 2024 sharing profits and losses in the ratio of 3 : 2 : 1. They introduced capitals in their profit sharing ratio. Kashish had invested capital of ₹ 6,00,000. The partnership deed allowed interest on capital @ 5% p.a.

Calculate interest on Capitals of Kashish, Amit and Kushal for the year ended 31st March, 2024.

Solution:-

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