[ISC] Q. 19 Solution of Fundamentals of Partnership Firms TS Grewal Book ISC (2026-27)

Solution of Question number 19 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2026-27 Edition ISC Board.

Ram and Mohan are partners and their capitals for the year ended 31st March 2024 were ₹ 2,40,000 and ₹ 1,80,000 respectively. During the year 2023-24, Ram’s and Mohan’s drawings were ₹ 40,000 and ₹ 60,000 respectively. Profit (before charging interest on capital) during the year was ₹ 1,60,000. Calculate interest on capital @ 5% p.a. for the year ended 31st March, 2024.

Solution:-

Q. 20. Assuming the capitals were fixed in problem 19, calculate interest on capital.

Solution:-

Interest on Ram’s Capital:

= ₹ 2,40,000 x 5% = ₹ 12,000

Interest on Mohan’s Capital:

= ₹ 1,80,000 x 5% = ₹ 9,000

Note:-

In case of Fixed Capital, The closing capital is always equal to the closing capital in the absense of permanent addition and withdrawals of partner’s captial.

Here is the list of all Solutions.

S.N	Questions
1	Question – 1
2	Question – 2
3	Question – 3
4	Question – 4
5	Question – 5
6	Question – 6
7	Question – 7
8	Question – 8
9	Question – 9
10	Question – 10

S.N	Questions
11	Question – 11
12	Question – 12
13	Question – 13
14	Question – 14
15	Question – 15
16	Question – 16
17	Question – 17
18	Question – 18
19	Question – 19, 20

MCQs of Fundamentals of Partnership for CUET

Important MCQS of Fundamentals of Partnership

Assertion Reason MCQs of Fundamentals of Partnership

Matching Type MCQs of Fundamentals of Partnership

Source/Case Type MCQs of Fundamentals of Partnership with Answers

S.N	Questions
21	Question – 21
22	Question – 22
23	Question – 23
24	Question – 24
25	Question – 25
26	Question – 26
27	Question – 27
28	Question – 28
29	Question – 29
30	Question – 30

S.N	Questions
31	Question – 31
32	Question – 32
33	Question – 33
34	Question – 34
35	Question – 35
36	Question – 36, 37
38	Question – 38
39	Question – 39
40	Question – 40

S.N	Questions
41	Question – 41
42	Question – 42
43	Question – 43
44	Question – 44
45	Question – 45
46	Question – 46
47	Question – 47
48	Question – 48
49	Question – 49
50	Question – 50

S.N	Questions
51	Question – 51
52	Question – 52
53	Question – 53
54	Question – 54
55	Question – 55
56	Question – 56
57	Question – 57
58	Question – 58
59	Question – 59
60	Question – 60

S.N	Questions
61	Question – 61
62	Question – 62
63	Question – 63
64	Question – 64
65	Question – 65
66	Question – 66
67	Question – 67
68	Question – 68
69	Question – 69
70	Question – 70

S.N	Questions
71	Question – 71
72	Question – 72
73	Question – 73
74	Question – 74
75	Question – 75
76	Question – 76
77	Question – 77
78	Question – 78
79	Question – 79
80	Question – 80