[ISC] Q. 19 Solution of Fundamentals of Partnership Firms TS Grewal Book (2024-25)

Solution of Question number 19 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2024-25 Edition ISC Board.

Karman, Harman and Shravan were sharing profits and losses in the ratio of 5 : 3 : 2. They introduced capitals in their profit sharing ratio. Harman had invested capital of ₹ 3,00,000. Net profit for the year was ₹ 2,25,000. Interest on capitals is to be allowed @ 5% p.a.

Calculate interest on Capitals of Karman, Harman and Shravan for the year ended 31st March, 2024.

Solution:-

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