[ISC] Q. 35 solution of Fundamentals of Partnership Firms TS Grewal Book ISC 2023-24 Edition
Solution of Question number 35 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board.
Akriti, Bhawna, Charu, and Deeksha are partners sharing profits as 4 : 3 : 2 :1.
They earned a profit of ₹ 1,80,000 for the year ended 31st March 2023.
As per the partnership Deed, they are to allow a commission @ 20% of the profits after allowing such commission which they will share as 2 : 3 : 2 : 3.
You are required to show the appropriation of profit among the partners. Also, show Profit and Loss Appropriation Account.
Solution:-
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