[ISC] Q. 39 solution of Fundamentals of Partnership Firms TS Grewal Book ISC 2023-24 Edition
Solution of Question number 39 of the Fundamentals of Partnership Accounts (Firm) chapter TS Grewal Book 2023-24 Edition ISC Board.
Show how the following will be shown in the Capital Accounts of the partner’s John and Mathew when their capitals are fluctuating:
| John (₹) | Mathew (₹) | |
| Capitals on 1st April, 2022 | 4,00,000 | 3,00,000 |
| Drawings during the year ended 31st March, 2023 | 50,000 | 30,000 |
| Interest on capitals | 5% | 5% |
| Interest on Drawings | 1,250 | 750 |
| Share of profit for the year ended 31st March, 2023 | 60,000 | 50,000 |
| Partner’s Salary | 36,000 | |
| Commission | 5,000 | 3,000 |
Solution:-
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| 78 | Question – 78 |
