[ISC] Q. 22 solution of Fundamentals of Partnership Firms TS Grewal Book ISC 2023-24 Edition

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Solution of Question number 22 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board?

Raman and Pawan are partners sharing profits and losses in the ratio of 3 : 2. Raman being a non-working partner contributes ₹ 50,00,000 as capital. Pawan being a working partner agrees to work for the firm. The Partnership Deed provides for interest on capital @ 8% and salary to every working partner @ ₹ 20,000 per month. Net profit for the year ended 31st March, 2023, was ₹ 2,00,000. Show the distribution of profit.

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