Are you looking for the solution of Question number 22 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board?
Question number 22 of Partnership Accounts – Fundamentals is a theoretical one of TS Grewal Book ISC Board 2023-24.
Question – 22
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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